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Phattyoshis
Oct 26, 2021 9:02 PM

SHIB Cup and Handle coming? Short

SHIB / TetherUSBinance

Description

Unpopular opinion here. It looks like SHIB just moved up in 5 waves. Volume and power was shown in the 3rd wave, but dropped off in the 5th. Now bearish divergences are showing up on the RSI. Prepare for a retrace back to the 0.618 or 0.786 levels of the total move before finding support at the bottom of the handle. I'm selling here and buying back alot more SHIB in a few weeks.
Comments
KWT600
Well I've sold off and opened up a BIIIIG short position so im in agreement with you !
MoonFaceMan
@KWT600 always the way haha. Maybe split it and go long as well, just to be safe.
KWT600
@MoonFaceMan, no risk, no reward my friend lol... but yes I do plan to take a long position as well once we drop to somewhere near 4200
tiranosjf
@KWT600 at what price will you get liquidate?
KWT600
tiranosjf
@tiranosjf whats your leaverage? I wanna short as well
KWT600
@tiranosjf, im only using 5x
tiranosjf
@KWT600 dam bro you are pretty fine then
KWT600
@tiranosjf, yes sir, not worried at all lol
KWT600
Its never popular to yell fire at the top but then again thats why we move against the herd! 90% of people will lose their ass because they follow the herd
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