SHIB Symmetrical triangle (could break down) Chart for reference
Hello all⭐🌏
Here📉, we notice that Shib has been forming this symmetrical triangle 👌▶ structure for about 3 months now📆📌
I suspect bitcoin will retest the ~15k area soon, and this could mean a drop in many alts as well.
There is news of BlockFi filing for bankruptcy 👀🐻
Bitcoin price action and overall market fear due to BlockFi bankruptcy along with FTX bankruptcy could create panic sells🆗
Bitcoin halving cycle is almost complete as per past results, so this could get interesting.
I expect extreme volatility in the coming days, feel free to check updates on my most recent BITCOIN analysis for more information on BTC price action
Possible bullish : 🐮⏬
As for now, this is SHIB last chance to climb above that support level once again
Let's see...
Bullish scenario is that we bounce of the bottom of this structure and possibly breakout
This is not advice
Thank you so much
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome
Jazerbay 🐕
Here📉, we notice that Shib has been forming this symmetrical triangle 👌▶ structure for about 3 months now📆📌
I suspect bitcoin will retest the ~15k area soon, and this could mean a drop in many alts as well.
There is news of BlockFi filing for bankruptcy 👀🐻
Bitcoin price action and overall market fear due to BlockFi bankruptcy along with FTX bankruptcy could create panic sells🆗
Bitcoin halving cycle is almost complete as per past results, so this could get interesting.
I expect extreme volatility in the coming days, feel free to check updates on my most recent BITCOIN analysis for more information on BTC price action
Possible bullish : 🐮⏬
As for now, this is SHIB last chance to climb above that support level once again
Let's see...
Bullish scenario is that we bounce of the bottom of this structure and possibly breakout
This is not advice
Thank you so much
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome
Jazerbay 🐕
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