The owners of this dog just refuse to put it down! Each rally, far from being the fresh breath of hopium owners desire, has provided excellent short opportunities for months. This one is a clear pullback to test and hold Resistance and a good opportunity to add to the short where profit was taken at the start of January.
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Be sure to check my original call on Shiba back on November 4th (link below) to see the critical moment the hype train ended... Look for these on the NEXT meme coin to save yourself a massive drawdown so you will have MORE MONEY to put in the NEXT MEME!
There is NO REASON to HODL something all the way to 0.000000 in the hopes of it coming back. Trade wisely!
Hello Norok, I bought big (big for me) into SHIB, made some money and bought back in to watch it "bleed out" as you put it. When I first read one of your posts about SHIB, I didn't like it and naturally I didn't like you. This is my humorous explanation of my emotional reaction to your hurtful words about my money (which is bleeding out). Every subsequent post you have made about SHIB has provoked these same feelings LOL.
Today...... I finally broke down and watched one of your videos to determine if in all fairness I could continue to twist my feelings of misfortune into trash talking you to myself while reading your SHIB posts. 20 minutes later... to my surprise and mild disappointment you seem savvy and remarkably similar to the personality of several of my good friends. All this to say... actually to ask... why you feel so strongly that SHIB has no chance at life in the wild. I have developed some value in your opinion and I would like your explanation, plus you seem to enjoy the dialogue.
To be clear, do you feel this is just the state of the market for SHIB currently or do you really see no positive outlook for SHIB as an entity? Hopefully you get a kick out of this post and have some new insight for me.
norok
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@E907, I do not want to keep people from getting rich. On the contrary, I do my best to help. A big part of making money is keeping what you have and not losing it.
The first post about Shiba on November 4th, 2021 was a pattern I have seen over the years that is indicative of price failing to make new highs. It is an objective signal to take profits on a parabolic instrument. Traders ignore it usually because of bias; they have a set psychological target level in mind (in Shiba's case the mythic 1 cent), they are enjoying the hype and consuming other people's opinions in an echo chamber that makes them feel part of something larger, or they are just greedy and will not be satisfied at any price.
At some point you have to be satisfied, take profit, and move on to the NEXT. Have confidence that just as you found this opportunity you will find another. The market is open every day.
E907
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@norok, I appreciate you taking the time to answer my post, I'm trying to learn from all the knowledge and experience on this site. My point blank question to you is.... do you really feel SHIB is a $#!@ meme coin and is headed to the bottom and staying there?
norok
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@E907, What I feel, what I think, is that investing in something with a goal of 1000% returns in a short amount of time is a high risk strategy with a minimal amount of transferrable knowledge learned from the experience.
On my Discord I talk to young investors with small ( < $2000) accounts whose goal is to 2x or 10x that money over the course of a few days. I ask them, "would you do that with $1 million?" Jokes aside, no. If the goal is to become very wealthy then what do you do when you reach that point? Do you learn how to preserve and grow life changing capital by YOLOing on memes? No.
If you look at comparisons in crypto... Money invested in Bitcoin on November 4th is down -30% as of writing. Shiba is still down -40% even with this pump. This difference matters. Bitcoin offered a less exciting possibility but 4 months later all else equal you have more fiat relative capital to invest on this date. Volatility matters. Volatility gives those sick gains but it inevitably takes it back.
SHIB just broke out of the down channel that it's been in since the high on Nov 30th. Watch the .00002938 level. If it clears and holds that level, a trend change may have occurred at the last low. This could be only wave 1 up of a 5 wave impulsive wave up...just a possibility.
@davidperkins1, The last high just put in was at .00009265...pierced the .00002938 level I noted to watch out for and has pulled back. Wouldn't it be a kick if that was only wave 3 Up, in 4 Dn now, with a wave 5 Up to come? Then a correction for Wave 2 D, with Waves 3 - 4 - 5 to come? Big Possibility...probably won't happen that way. Best of luck!
peterbhc
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You don't HODL SHIB to zero but $0.001 will do 😉
silverblade2487
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nah this aint going to zero - too many Ethereum whales in it
Today...... I finally broke down and watched one of your videos to determine if in all fairness I could continue to twist my feelings of misfortune into trash talking you to myself while reading your SHIB posts. 20 minutes later... to my surprise and mild disappointment you seem savvy and remarkably similar to the personality of several of my good friends. All this to say... actually to ask... why you feel so strongly that SHIB has no chance at life in the wild. I have developed some value in your opinion and I would like your explanation, plus you seem to enjoy the dialogue.
To be clear, do you feel this is just the state of the market for SHIB currently or do you really see no positive outlook for SHIB as an entity? Hopefully you get a kick out of this post and have some new insight for me.