SHIB Up Up Up and Away Only Believers Will be Here to Stay
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.
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.
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.
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.
Comment:
The SHIB ride continues. It is getting closer to the BTC halving in April and Crypto is looking like it has shaken off the Crypto Winter and currently in Crypto Spring. I haven't been looking at to much of the fundamentals and staying on top of what SHIB has been doing, but know that the BTC halving is being highly anticipated as a push higher for BTC (which gives a boost to most other coins also). Now, with the FED potentially lower rates sometime in the summer also, this is a great signal for the price of SHIB to push higher.
There are still likely a lot of people who have been in SHIB, just holding, so the drop in price when certain lvls are hit will push the weaker players out. When the BTC Halving happens, and there is a huge pump in price, the FOMO players might come in and even push price up higher before price stabilizes, and at that point, will price continue to push higher afterwards or start ranging from there? I think it is dependent on what BTC and ETH does as it holds a lot of weight in the crypto world.
In June 2023, price hit a low of around 0.000006 (which was near the price of SHIB when it started) and there are likely people that bought at, near, and have an average price of around those levels. So if they sell their positions, this could cause a huge dip in price also. Price reaching back up to the 0.00009 and higher, it is a long journey. With the stimulus injections of 2020 and 2021 gone, and the FED staying with current rates and reducing their balance sheet (and other central banks holding interest rates for now), it is a matter of, will SHIB be able to survive after the push higher.
There are still likely a lot of people who have been in SHIB, just holding, so the drop in price when certain lvls are hit will push the weaker players out. When the BTC Halving happens, and there is a huge pump in price, the FOMO players might come in and even push price up higher before price stabilizes, and at that point, will price continue to push higher afterwards or start ranging from there? I think it is dependent on what BTC and ETH does as it holds a lot of weight in the crypto world.
In June 2023, price hit a low of around 0.000006 (which was near the price of SHIB when it started) and there are likely people that bought at, near, and have an average price of around those levels. So if they sell their positions, this could cause a huge dip in price also. Price reaching back up to the 0.00009 and higher, it is a long journey. With the stimulus injections of 2020 and 2021 gone, and the FED staying with current rates and reducing their balance sheet (and other central banks holding interest rates for now), it is a matter of, will SHIB be able to survive after the push higher.
Comment:
I just opened my brokerage account to check to see how SHIB is doing, and this thing is going parabolic (check in the morning and at evening/night only). Will check to see what is going on, but this is pretty crazy. Don't know how sustainable this is but there is likely going to be a pull back. Expectations need to be managed. A 20%, 30%, 50% rise in a span of a few days; there is likely people with itchy fingers ready to sell if price keeps skyrocketing like this. If there is some profits that you have, play with the markets money, not your hard earned cash. The goal is to be in a position where you don't need to worry about what you have in, where you can not watch, listen, and see what price is doing and what news is being release, come back in a month when the BTC Halving is happening (in April), and see what price did.
Comment:
This week is going to busy. If the FED does stick to the expectations analysts, traders, and other investors are thinking (reducing rates in the summer and 2 more times afterwards), than BTC, ETH, SHIB and other cryptos are likely to push even higher. With the BTC halving upcoming also, could propel price even higher. When SHIB pushed lower, close to 0.000023, it is likely a great buying opportunity. BTC is trading below the 70k and it might be a matter of time before price breaks out higher. If BTC is able to hit the 80k lvl, SHIB might be able to hit the 0.00005 lvl. At that point it might see another pump as those that got out will likely not want to miss out on price being able to drop a zero.
Comment:
All of Crypto is getting hit. BTC is nearing the 60k lvl. ETH 3k lvl. SHIB trading below the 0.000025 lvl. Tomorrow is the FED Rate Decisions, so if expectations are met and the FED does give the hints that will will stick to current rates for longer and 3 rate decreases are off the table, Crypto, SHIB, will experience another hit and price might push below the 0.00002 lvl on SHIB. Since those expectations are with the FED likely holding onto current rates for longer, the FED hinting at a dovish stance and sticking to the 3 rate hikes will be great for Crypto. This coupled with the upcoming BTC halving and majority of Central Banks on the verge of dropping rates across the board, will propel Crypto higher.
Additionally, there might be the snipers that have been waiting for Crypto to drop to get in a discount lvls. Even if the FED does not plan on lowering rates and holds current rates for longer, prices will be at great lvls to get in if the last move was missed. An ALTCOIN surge is being predicted by Crypto enthusiasts. What it comes down to is if, you are able to sit on your hands and wait until the uptrend starts again.
Additionally, there might be the snipers that have been waiting for Crypto to drop to get in a discount lvls. Even if the FED does not plan on lowering rates and holds current rates for longer, prices will be at great lvls to get in if the last move was missed. An ALTCOIN surge is being predicted by Crypto enthusiasts. What it comes down to is if, you are able to sit on your hands and wait until the uptrend starts again.
Comment:
SHIB is holding around the 0.00003 lvl and looking at the technicals, price could push lower. On the daily charts, BTC is showing an ascending wedge, which if correct, could push price down to the 62,500 lvl and possibly the 60,000 lvl. ETH is also showing the same pattern and could drop to the 3,200 lvl. DOT is also showing the same pattern with price potentially dropping to the 8.50 lvl. If this patterns are correct on all four products, price action could complete the inverse cup and handle pattern and push price to even lower lvls. SHIB is showing an ascending channel along with the ATOM coin, and DOGE is potentially forming the second part of the head (of the head and shoulders patten). This too, if correct, could push the coins to lower lvls. What else could give evidence to this?
On the Fundamental side, the FED is still remaining cautious about lowering rates. The USD has been getting stronger and with the PCE coming out as expected, but previous data getting revised higher, could cause the FED to still remain cautious. But this is not the only issue with potentially causing a hamper on price appreciation for Crypto. The SEC is attacking Crypto hard. There is news about the SEC asking for millions of dollars to increase its lawyer size in order to have more Crypto oversight. The SEC is going after Ripple Labs, Binance, and other exchanges such as KuCoin and Coinbase. The SEC won a lawsuit against Coinbase (motion to dismiss) on a claim that the exchange sold unregistered securities and a trial jury could commence. Moving on, there was also the GBTC outflows that were happening that analysis said assisted with BTC pushing to below $65,000.
So, with the BTC Halving coming up, the push higher, at least initially might not happen. This is good because there will be another chance to get in SHIB. There is a lot of promise for SHIB and price also pushes higher when BTC pushes higher. If SHIB is able to resist the push below the 0.00001 and keep that fifth zero off, price could push to the 2021 high. Just like the title of this idea says, only believers will stay on the ride to see how many zero's can be knocked off.
On the Fundamental side, the FED is still remaining cautious about lowering rates. The USD has been getting stronger and with the PCE coming out as expected, but previous data getting revised higher, could cause the FED to still remain cautious. But this is not the only issue with potentially causing a hamper on price appreciation for Crypto. The SEC is attacking Crypto hard. There is news about the SEC asking for millions of dollars to increase its lawyer size in order to have more Crypto oversight. The SEC is going after Ripple Labs, Binance, and other exchanges such as KuCoin and Coinbase. The SEC won a lawsuit against Coinbase (motion to dismiss) on a claim that the exchange sold unregistered securities and a trial jury could commence. Moving on, there was also the GBTC outflows that were happening that analysis said assisted with BTC pushing to below $65,000.
So, with the BTC Halving coming up, the push higher, at least initially might not happen. This is good because there will be another chance to get in SHIB. There is a lot of promise for SHIB and price also pushes higher when BTC pushes higher. If SHIB is able to resist the push below the 0.00001 and keep that fifth zero off, price could push to the 2021 high. Just like the title of this idea says, only believers will stay on the ride to see how many zero's can be knocked off.
Comment:
The Crypto market is getting hit. BTC hit 65k before pushing a little higher. ETH hit below 3,200 before recovering a little. SHIB is trading just above the 0.000024 lvl. The patterns changed and now BTC is showing a range triangle, ETH is potentially showing an inverse cup and handle pattern and/or a double top. SHIB is showing either a descending triangle pattern or a descending wedge. On SHIB there was an engulfing bearish candlestick pattern which proved to be correct. On the fundamental side, things aren't looking too good. With the CPI data coming out hotter then expected, this is causing traders/investors/analysts to rethink what they speculated about the FED reducing rates. Currently it stands at the FED holding current rates at a 71.7% chance. The previous week it was standing at 46.8%. There is also the UniSwap issue with the SEC sending them a notice and people pulling money out to protect themselves.
But I am thinking this might be good to catch things on discount. It is all about holding now and seeing what price will do. The FED will eventually have to choose whether to stay with rates at current lvls to keep fighting inflation or attempt to protect the economy from getting pushed in to a recession and potentially exacerbate the inflation issues. Other Central Banks are holding onto current rates.
With the probability of the USD pushing higher highly likely, SHIB price is likely to see some more loses. Price might even be able to break below the 0.00002 lvl and trade around the 0.0001-0.00002 area for sometime. The Halving is coming up for BTC, but I am thinking that it won't be moves as some are speculating. If price does push higher, there is likely to be some profit taking happening. As long as the 0.00001 lvl can hold until the FED does reduce rates, then all is good. SHIB held out through the Crypto Storm and Winter, throughout 2022-2023, and this might be similar to how Apple and Amazon where fighting against all odds back in the early 2000s. The SHIB can keep fighting and maintaining it's spot as the number 2 memo coin out there, the more likely it will be for another zero to drop off.
I have a few entries in place in the event SHIB does break below the 0.00002 lvl. A couple of my entries were hit when SHIB pushed all the way down, near 0.000021.
Y'all have some great trading out there.
But I am thinking this might be good to catch things on discount. It is all about holding now and seeing what price will do. The FED will eventually have to choose whether to stay with rates at current lvls to keep fighting inflation or attempt to protect the economy from getting pushed in to a recession and potentially exacerbate the inflation issues. Other Central Banks are holding onto current rates.
With the probability of the USD pushing higher highly likely, SHIB price is likely to see some more loses. Price might even be able to break below the 0.00002 lvl and trade around the 0.0001-0.00002 area for sometime. The Halving is coming up for BTC, but I am thinking that it won't be moves as some are speculating. If price does push higher, there is likely to be some profit taking happening. As long as the 0.00001 lvl can hold until the FED does reduce rates, then all is good. SHIB held out through the Crypto Storm and Winter, throughout 2022-2023, and this might be similar to how Apple and Amazon where fighting against all odds back in the early 2000s. The SHIB can keep fighting and maintaining it's spot as the number 2 memo coin out there, the more likely it will be for another zero to drop off.
I have a few entries in place in the event SHIB does break below the 0.00002 lvl. A couple of my entries were hit when SHIB pushed all the way down, near 0.000021.
Y'all have some great trading out there.
Comment:
It is interest how price is following along with what is be anticipated with its movement. BTC hit below 60k, ETH below 3k, and SHIB below 0.00002. So what could potentially happen? The BTC event wasn't to spectacular as some had speculated but it is too early to tell. What price is showing though, is things are either going to get better or worse. BTC is trading near its 60k support and if price keeps testing this lvl, it is likely going to break lower. With how the current fundamentals and market sentiment is looking, it is likely it will break lower. ETH price is showing a descending triangle after a drop from above 3.6k to a consolidation around the 3k area. SHIB is showing an ascending triangle from a drop of near 0.00003 to a consolidation between 0.00002 to 0.000025. With three analysis and some proponents speculating a drop in price, a self fulfilling prophecy could occur with BTC pushing below the 58k lvl, ETH below 2.8k lvl, and SHIB dropping to around 0.000015 lvl.
With Geo Political events that are happening pushing traders and investors to the US Dollar and Gold/Silver (and other assets that are seen less riskier), to the FED keeping rates higher for longer (and it looking like the first rate reduction will be in September instead of June), it could be another tropical Crypto Storm that will need to pass on by before things start clearing up. I was thinking that 2024 might be the time (at least the next two quarters), to get into positions on Crypto (SHIB in particular) and sit and wait until the catalyst majority of investors and traders have been waiting for, the FED to turn completely dovish and start lower rates.
The Fear & Greed Index on CoinMarketCap has lowered and is now in neutral territory. SHIB was able to push back up a lvl to the number 11th spot by coin market cap. There is likely to be some fighting that will go on with Crypto working its way through the trenches again. But I think it will eventually prevail. The way to play this out is to:
Stick to your Decision and Follow your Plan. Let's see what happens in the 4th Quarter of this year.
Y'all have some great trading out there.
With Geo Political events that are happening pushing traders and investors to the US Dollar and Gold/Silver (and other assets that are seen less riskier), to the FED keeping rates higher for longer (and it looking like the first rate reduction will be in September instead of June), it could be another tropical Crypto Storm that will need to pass on by before things start clearing up. I was thinking that 2024 might be the time (at least the next two quarters), to get into positions on Crypto (SHIB in particular) and sit and wait until the catalyst majority of investors and traders have been waiting for, the FED to turn completely dovish and start lower rates.
The Fear & Greed Index on CoinMarketCap has lowered and is now in neutral territory. SHIB was able to push back up a lvl to the number 11th spot by coin market cap. There is likely to be some fighting that will go on with Crypto working its way through the trenches again. But I think it will eventually prevail. The way to play this out is to:
Stick to your Decision and Follow your Plan. Let's see what happens in the 4th Quarter of this year.
Y'all have some great trading out there.