November 08, 2023 at 06:34AM SHIB USDT - PUMP IT UP

SHIB USDT - PUMP IT UP

SHIB / TetherUS BINANCE:SHIBUSDT

crypto-king-007

This trend line started exactly 2 years ago. Imagine what happens when this trend gets broken... a mega pump to the upside.
Why would this trend get broken?

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TOTAL making new highs, meaning new liquidity is coming into the market

BTC.D tipping over (liquidity moving from BTC to ALTS)

TOTAL3 just broke out its wedge to the upside

VMC Cipher_B_divergences shows 2x bullish divergence on the weekly timeframe

VMC Cipher_B_divergences shows an even larger bullish divergence on the weekly timeframe

However, keeping track of BTC moves. One should always be careful with slowly increasing channels after such a big move as we had on the 24th of October. Could be a setup for a dump that (generally speaking) brings prices of all coins back down.

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November 07, 2023 at 11:45PM 🌕 SHIB- Will History Repeat Itself? 🌕

🌕 SHIB- Will History Repeat Itself? 🌕

SHIB / TetherUS BINANCE:SHIBUSDT

Yaroslav_Krasko

Shiba Inu (SHIB), a cryptocurrency known for its meme origins, has recently been showing intriguing patterns that remind traders of past market dynamics. In particular, it shares some similarities with FET in terms of liquidity sweeps and significant price pumps.

Liquidity Sweeps: A Common Thread

The concept of liquidity sweeps is vital in understanding SHIB's price movements. Like FET, SHIB seems to conduct calculated liquidity sweeps by targeting key levels on its chart. This strategic approach involves pushing the price to specific levels, triggering stop-loss orders or encouraging traders to take specific actions. This tactic can set the stage for a notable price pump.

2021 Parallels: A Tale of Breakout and Surge

In 2021, SHIB witnessed a turning point, a critical breakout that preceded an explosive price surge. This breakout led to an exponential increase in value, captivating the attention of traders and investors worldwide. The market dynamics of 2021 created a unique environment for SHIB's remarkable growth.

Expectations: A Potential for History to Repeat

Given the similarities between SHIB's current patterns and its historical breakout, some traders are cautiously optimistic. They anticipate that SHIB may retrace a similar path to past surges. While trading cryptocurrencies can be highly speculative, historical trends often influence market sentiment.

Trading Strategy: Proceeding with Caution

For traders interested in SHIB, adopting a risk management strategy is paramount. While history may offer insights, it doesn't guarantee future results. The cryptocurrency market remains highly unpredictable.

Conclusion: Keeping an Eye on SHIB

Shiba Inu has a history that's filled with dramatic market movements. As it follows the path of liquidity sweeps and triggers key levels, traders should remain vigilant. While there's a potential for growth, it's essential to navigate the market with caution and a clear trading plan.

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