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AlanSantana
Nov 4, 2021 5:32 PM

Shiba Inu Drops But What Happens Next? What About Bitcoin? 

SHIB / TetherUSBinance

Description

Shiba Inu (SHIBUSDT) just had a strong bearish candle today after yesterday's close below EMA10.

What will happen next?

Looking at our indicators and going back to past history, there can be more.

As SHIBUSDT is now trading below EMA10, the indicators have turned bearish and there is room for EMA50 (0.00003466) to also be tested as support.
  • We have a volume breakout on the bearish side.
  • A bearish cross on the MACD.
  • The RSI is still strong.


We can see some small bounces followed by additional red.

Patience is key...
You were warned days before this happened.
(Check "related ideas" below)

What about Bitcoin?

Bitcoin is likely to follow and also print its pending correction, we will look at BTCUSD next.

Namaste.
Comments
Jute99
Not a fun experience, but easier to go through with your daily posts. Your work helps calm my mind.
cash_gold
Any updates?
Elysian_Mind
We warned realize a profit at ATH.
Only 4 people listened.
They're millionaires now.
The idea was:
Sammd777
@OXY4TRAD3, I made a few btc from pennies invested in shib a few months ago. I'm not just talking about shib charts. I'm long again and 100 percent up but the frequency of charts calling short one day and calling long one day doesn't help. Normal of the story the charts haven't worked.
Sammd777
Alanmasters namaste. I know you from those days. I've been following your charts for eternity since I got into eth for peanuts and I have loved every possible long term chart you've posted in the last five years. That being said I'm counter trading all your charts in the last one month. Can we just admit that btc closes about 60k on the monthly while most you guys called a dump and that was a confirmation for alts which you didn't expect happening? It was obvious that if btc were to close above 60k it a was a parabolic run for bnb, egld, ksm, sol while I didn't expect most of you to call shorts. You guys are posting too many charts which don't work. Simple as that.
elliott77
BTC going up and so is SHIB IMO. BTC next stop 70k area and SHIB next stop .00007. Let's see
voidindex
What about other alts? I remember your recent analysis that they should see a huge growth ... is this still valid?
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