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Megamago
Oct 27, 2021 7:30 PM

SHIB - Lesson in market cycles/sentiment Short

SHIB / EuroBinance

Description

Don't buy the top :)

Be smarter, if you're early, that's perfect. But don't chase a stock/coin that's up that high!
Comments
doughmatesnl
Looking at the graph of today, thats a well preformed prediction! How did you manage to make this prediction (what kind of patterns/analysis did you use?) Happy to hear from you!
Megamago
@doughmatesnl, I don't know much about the fundamentals of SHIB, but such growth is unnatural. it may be bullish long term, but it has to come back to earth from the moon once in a while. The chart I drew was just simplification of a stock market psychology cycle. it's important to buy when everyone is scared, and sell when everyone is greedy and euphoric :)
happySalami53828
Thanks a lot.
Megamago
@happySalami53828, I'm happy to help.
TradingTest42
So is the red dotted line where you shorted?
Megamago
@TradingTest42, no, I didn't take the trade. I was just showing a market cycle. I wouldn't short it here :)
happySalami53828
U will be right.
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