dRends35

SHIB - Time To Buy This Great Dog Coin πŸš€πŸš€πŸš€

Long
dRends35 Updated   
COINBASE:SHIBUSD   Shiba Inu
Had a small pump from the lows and now appears to be breaking out from a 3 wave correction and this could be the start of the next wave up.

The 3rd wave is a contraction pattern also with contracting oscillation.

I think this may be a clue that quite a pump could be in the pipeline.


On weekly chart as we looked at before SHIB appears to be in a long contractive accumulation.

When SHIB pumps hard when it gets going and this could be very explosive.

Looks a great buy right here πŸ‘.

Not advice.
Comment:
Here come the dogs.

Comment:
SHIB up 145% in a week.

Comment:
SHIB

The Wyckoff CREEK is not specific to market bottom accumulations, its all the same up high in re-accumulation (though you'll do well to find solid content on it).

Whether it be a cycle low, or a momentary wobble; it is the part of the corrective phase where the bearish impetus is weak and a tidy descending channel forms before a breakout to the upside.

SHIB is already in the skies but it looks like it is preparing for the next wave up πŸ™ˆ.

Comment:
Its nice that a few of you remember that I was very bearish on crypto once. Those were funny times.

(See thread below).


And these are fun times also but with meme coins pumping hard, there could be a market correction in the pipeline...

Not just yet though, Bitcoin still looks solid.

Gravy train continues for now and we'll see if SHIB can have another wave up.
Comment:
SHIB

Is flattening out and this very shallow descending channel can I think be labelled the Wyckoff "Creek;" building cause for the next wave up πŸ‘.

Comment:
On higher time frame on Line Chart to remove noise, its a simple and shallow 3 wave correction


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