This could be worth a punt, its messy but I can count all the waves in the bottom there
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just checking in on this its still going well this is the current shi/weth structure but with shib/weth fractal layed over the top there has been a lot of talk about the origins of this coin and its relationship with shib , its got all the ingredients to go on a mental one at some point up into the billions market cap i think
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could be looking at something like this- probably pumps along with shib
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looks like this is finished in the short term, It didn't quite hit my target, but 10X from the call , cant complain
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could well be the top of a 3 wave its bang on the 3.618. its poss it does another quick spurt up like an x or b wave just above the high, but im not hilding my breath, better to take a bit of profit here i think , if it does pull an x take some more, and hold out to snipe the wave 4 bottm and ride the 5th up there somewhere
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Updated count, looks pretty good
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time to get out of this one if youre not already
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somewhere down there for a re - entry
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profits into shib probably
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i noticed it was getting shilled a lot last week on twitter, so some exit liquidity was probably needed, risk now out weighs reward on this i think and there are better plays out there until this cools off a bit
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Could get a deep fast 4 wave on this and then a 5 to the 1.618 of the third
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Getting down there now, i think we just need a bit of final capitulation to get down into that 0.786 target area, Then I imagine we will get a few months of sideways consolidation , and then poss an X/B wave back to the highs and a correction before it starts setting up the minors of macro 3
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something like that longer term maybe?
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yep, , I think this is a buy again now, ride it up to all time high and take profit there somewhere
@lazaruskaro, still nee needs to go lower imo, im looking to buy back back at the end of summer, it could get to the lows pretty quick but then i think it will likely consolidate at the lows and go sideways for a few months. end of july maybe
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@Spocks-Beard by get to the lows you mean lower than .15? how low do you think we can go?
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@lazaruskaro,
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@Spocks-Beard, something like that its shi/weth but priced in dollars so slightly different from the trading view chart
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@Spocks-Beard, 0.786 retrace is standard after a move like that, so somewhere in that area i think