1000SHIBUSDT.P trade ideas
Trading strategy for 1000SHIBUSDT.Trading strategy for 1000SHIBUSDT.
This strategy utilizes fear and greed index at alternative.me
Why Measure Fear and Greed?
The crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
Starting capital: 100USD
Net Profit: 641.38
Total Trades: 51
Percent Profitable: 92.16%
Profit Factor: 89.786
Drawdown: 0.65 %
UNDERSTANDING THE METRICS AT TRADING VIEW
Maximum Drawdown
The maximum drawdown metric refers to the "worst-case scenario" for a trading period. It measures the greatest distance, or loss, from a previous equity peak.5
What is a Good Profit Factor?
Any ratio greater than one means we can earn more than we lose. So, technically:
A factor higher than 1 denotes a winning system.
A factor lower than 1 denotes a losing system.
Percent Profitable
The percent profitable metric is also known as the probability of winning. This metric is calculated by dividing the number of winning trades by the total number of trades for a specified period.
Shib is ready to flyHello traders!
This is a Shib buy trade. In the future it is 1000shibusdtperpetual.
We can see it broke the trendline and this is a bullish sign I am expecting a reversal from here.
Stoploss 0.021746 (-2.5%)
Target 0.02870(+28.5%)
Suggested leverage 15x
Don't forget to hit the like button and follow to stay connected.
$SHIB $SHIBAINU - Probably not done yet. $SHIB $SHIBAINU - Probably not done yet. Not ruling out a bounce from the double bottom, but I'd be more comfortable with a good ol' 90% retrace. There is confluence to the left of the chart before the start of the impulse at around 0.012878 (1000SHIB).
Nice impulse for macro 1 with an extended 5th followed by what looks like a 5-wave A structure. I highlighted where the divergences are for wave 5 vs wave 3, in case you are new to Elliott Wave Theory.
Safe trading.
SHIBUSDT | A Bullish Flag PatternDisclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After successfully breaking out of its bearish trendline some time ago, SHIBA INU (SHIBUSDT) seems to be correcting by forming a bullish flag pattern.
The continuation of the strengthening of SHIBA INU could occur if the confirmation of this pattern occurs, namely with a break of the upper trend line at the range of 0.03142x.
The target for the strengthening of this pattern is the area of 0.04035x - 0.04109x.
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SHIB: Is another pump coming?Technically, SHIB is very interesting
On Daily and H4 price is moving above the 200 EMA => Uptrend
There's a good momentum upward before consolidating and forming a bullish rectangle pattern (ABCDE corrective wave on wave analysis)
If price breaks above the pattern resistance, it is possible that the price will go up forming another bullish wave
What do you guys think?
SHIB: Is another pump coming?Technically, SHIB is very interesting
On Daily and H4 price is moving above the 200 EMA => Uptrend
There's a good momentum upward before consolidating and forming a bullish rectangle pattern (ABCDE corrective wave on wave analysis)
If price breaks above the pattern resistance, it is possible that the price will go up forming another bullish wave
What do you guys think?