Whats going on everybody... I'm not exactly one to write words on a chart, but I couldn't hold back.. As with any currency or trading pair, you can see how well the institutional trading style is being traded here. The issue at hand though is that we have so many people that sell off or go short with false patterns and what happens?? LIQUIDATION!! Many people take sell off to buy other currencies, but with Shib the common issue has been FUD, I feel like Shiba Inu gives everyone a slice of the pie, but what price does that come with?? The price = a lot of inexperienced traders that cry when they lose $5 and think their investment has gone down the drain.. everyone is looking for a quick buck, and it's cool.. but it wont make you rich.. I mean let's be real, unless the rug gets pulled, do you really lose?? The way people rush to sell shib reminds me of how people rushed to sell their BCC tokens a few years ago when they actually did pull the rug lol...
Anyways, we are at a key area, I'm remaining bullish :) Reasons... 1. We crossed one million hodlers 2. New Egg partnership announced just waiting on details 3. Just announced a Director for the new Shib Game that's being developed(worked for Activision so that's dope) 4. Strong Support 5. Harmonic Pattern for short term gains which could set the trend for a new wave
Theres only one reason we are really seeing bearish movement and it's because trading bot's are driving down the price and all the inexperienced traders freak out and sell... then they get, you know... Liquidated.. Happy Trading, hope you are all buying the dip like I have! See you in the next one.
@BlessedBlasphemer, and thank you for your posts as well.. if you look you can actually see the real H&S in that pattern, but if the overall reason for that huge spike in my opinion is people mistaking the the left side as an actual shoulder.. I know we all have differing opinions in this space, but thats what makes us unique.. I appreciate all of the idea's ive seen you put out