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 π.
Not advice.
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 π.
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 π.
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 π.
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.
(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 π.
Is flattening out and this very shallow descending channel can I think be labelled the Wyckoff "Creek;" building cause for the next wave up π.
Comment:
On higher time frame on Line Chart to remove noise, its a simple and shallow 3 wave correction
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