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SPY_Trader
Nov 12, 2021 4:15 PM

SHIB - Experienced Trader's Know Long

Shiba Inu / United States DollarCoinbase

Description

Indicators aside, even though many agree, there is a few old sayings that those of us that have been trading stocks, futures, and other equities have heard many times, and they definitely apply to SHIB and other cryptocurrencies, especially right now.

Higher highs, higher lows
See action past 4 days. Higher lows, for sure, check back later for the high of today. Really though, what is a day when the market is open 24x7?

Patience pays
I remember buying SQ stock around $12 and thinking, "Does this thing ever move?" Seems like just yesterday. It took awhile, but eventually Mr. Market caught on.

Buy low, sell high
Can't get much lower, but can really get much higher

Personally, I plan to keep buying until SHIB is around $0.10, and then hodl until $10.00. Honestly, I don't see it taking long at all. All the negative stuff I hear, I've heard the exact same things about BTC, ETH, and ALGO. I bought those a few years ago as well, and just bought when everyone else said to sell.




Comments
brazdil
....and $10 is real for long long term..burning...etc...but that is OK
SPY_Trader
Nope. The Us dollar is devaluing.
bs73sma
Isn’t $10 a market cap multiple times higher than BTC. Is that realistic?
barits1994
@bs73sma, he probably meant $0.01 witch could easily make most of us millionaires.
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