DollarSaenz

SHIB Up Up Up and Away Only Believers Will be Here to Stay

DollarSaenz Updated   
COINBASE:SHIBUSD   Shiba Inu
Price has been pushing up for a few days now and this has been great. I am still conducting research and analyzing SHIB, but do have some thoughts currently. I am thinking, SHIB is likely to continue higher after it has a decent pull back. This might happen at the 0.000015 to 0.00002 lvl. There are those that likely bought at 0.000006 or somewhere near here and will likely keep holding as long as price keeps pushing higher. If price starts ranging or has a strong push lower, there will be a lot of people who might get shaken out. Now if and when price starts pushing higher, there will be those that have been holding SHIB for a while, who will likely exit because they want to get away from the regretful feeling of getting in and having to hold for so long, to those that just want to breakeven. After these players are shaken out, I am thinking, that once price starts pushing higher (because the players that want to be in for the long haul will take the price drop as a discount to buy more) price will push back near the 0.00002, the hype might start increasing and people will come in and likely pump it up to around 0.00005. Once this happens, there will likely be another drop, to around the 0.00003 lvl, and then another pump to 0.00005. Once this is cracked, there will be a lot of news about how SHIB could drop another 0, price will pump up a little higher, then FOMO will start hitting the coin. If this happens around or near the BTC halving, price could pull back and then hit 0.00015. This would push SHIB to be the 3rd Crypto by market cap on the list, but that's if the other coins don't have similar moves as SHIB, which I think the other coins market caps will push higher also (which will likely put SHIB around the 7th or 8th position).

These are my thoughts and trading carries a lot of risk. Do your own due diligence before following anyone of taking there advice and manage your own risk according to what suits you.

Have some great trading own there.
Comment:
Let's see if price is able to hold above the 0.00001 lvl. But even if it doesn't, there is a decent amount of traction on the coin. This coin has been surviving throughout the increase in interest rates, the pulling of easy money in the economy, and the potentially thoughts of recession that people thought was going to manifest but somehow didn't. If price does push lower, I am thinking that people might push back into the coin because it is at a discount.
Comment:
There are some huge crashes happening in the Crypto market. SHIB is pushing lower due to news about Shibarium having technical issues as well as over 900 ETH being stuck when users were utilizing the bridge. But there was also statements saying that it was false, that Shibarium is fine, it had to due with the influx of users that was not accounted for, there isn't ETH stuck, that bad actors are releasing false information. But is this the sole cause? I don't think so. The whole crypto market is being affected, just look at BTC as it's been hit extremely hard also.

There is a lot of things going on as to why BTC dropped (which a lot of Cryptos are correlated with):
-China devaluing the Yuan
-Elon Mush Space X and Tesla selling off massive amounts of BTC
-SEC motion to appeal approved XRP not being labeled as a security
-increased interest rates and the FED likely to keep raising rates to fight inflation

This is good because it will show how strong crypto is. Will this be an opportunity for others to get in and see that crypto is now at a discount and purchase more. Either way it will show how strong SHIB is and if the community still stands by it. Governments around the world adopted fiat after the US removed the Gold Standard in 1970s. There was no fight to have a fiat system. But there is a fight to have a crypto system. So if that continues, crypto will be able to push higher, and SHIB will also be able to push higher.
Comment:
There is some good news coming out. Developers are pushing out good news about how Shibarium is looking good on the private side and all that needs to happen is it becoming public. Some people have also received their BONE token and what was supposed lost, isn't. If this is true and with the 2nd release of Shibarium (with no technical issues), SHIB will likely be able to climb back above the $0.00001 lvl.

Moving on from here, what I am looking at is my plan (or what I am thinking might happen) I had put above, which is the following:

-SHIB is likely to continue higher after it has a decent pull back. This might happen at the 0.000015 to 0.00002 lvl
-price will push back near the 0.00002 after the weaker players are shaken out
-the hype might start increasing and people will come in and likely pump it up to around 0.00005.
-Once this happens, there will likely be another drop, to around the 0.00003 lvl, and then another pump to 0.00005.
-Once this is cracked, there will be a lot of news about how SHIB could drop another 0, price will pump up a little higher, then FOMO will start hitting the coin.

Now moves don't happen exactly as speculated but moves do happen and when it follows the thought you have created and plan, it is good to take note of it. The thought of price dropping because there was those that wanted to sell because of holding SHIB for awhile at a loss and then having the opportunity to exit, did not happen. The drop happened because of the issues surround Shibarium and people's money getting trapped, which dropped price to near $0.000007. This was not $0.000006, but it was close. So this might be the drop that I thinking about. Now the move is still there, just the catalysts have changed. If this Shibarium thing comes out successfully, then we are looking at the $0.000015-$0.00002 lvls. So all in all, the plan and thought is still good. With a ton of PR still coming out, a bunch of talking about SHIB is still there, SHIB will continue to keep pushing forward. SHIB is still holding its ground, and the more it ranges, the more kinetic energy it will have to push either up or down when a catalyst manifests itself.

Y'all have some good trading out there.

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