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December 14, 2024 at 04:09PM SHIB Analysis with M. Jenkins’ Secret Angle Indicator
SHIB Analysis with M. Jenkins’ Secret Angle Indicator
SHIB / TetherUS BINANCE:SHIBUSDT
Overview
This analysis applies the M. Jenkins Secret Angle indicator to SHIB, building on the insights and methodologies demonstrated in my previous BTC.D analysis. By examining key historical pivot points, critical dates, and pivotal support angles/resistance levels, we can better understand SHIB’s potential price trajectory.
Historic W4COT Labels
W4COT dates are generated when a specific angle intersects a horizontal level on the chart. Historically, these points have aligned closely with significant SHIB price pivots, affirming the indicator’s predictive utility and increasing confidence in its current projections. The green vertical lines represent timelines to anticipate price movements as well.
50% Square-Out
A critical timing event arrives on January 5th, 2025, as the 50% square-out expires. This date represents a balanced midpoint in both price and time, measured from the March 2024 high down to the swing low. If SHIB were to hover near this midpoint on the date "salmon circle drawn on the chart", this would represent the balance of time and price. If not, the date is still significant to watch for.
Tip:
To add depth to your analysis, plot a Gann Box from the swing low through January 5th, 2026, extending upward to the 25% resistance level. This offers a complementary visual framework that aligns with this indicator and can help identify additional support, resistance, and potential turning points in SHIB’s price structure.
Current Support Angle
Since November, SHIB has maintained a position above a key aqua-colored support angle, suggesting underlying bullish momentum. Holding this line reinforces positive sentiment, while a confirmed break below may signal a move toward lower supportive angles and a potential change in trend dynamics.
Key Observations
- W4COT Dates: Historical markers that often align with meaningful price movements.
- 50% Square-Out (January 5th, 2025): A crucial timing level where price-time equilibrium may yield a decisive change in market direction.
- Support Angle: The aqua trendline underpins a bullish structure. Any breach could trigger a change of trend.
- Gann Box Integration: Drawing a Gann Box enhances angle-based analysis, revealing additional layers of support, resistance, and timing cues.
Note:
For further context and to appreciate the indicator’s reliability, review my previous BTC.D analysis.
December 14, 2024 at 09:46AM Fresh Demand Zone Identified
Fresh Demand Zone Identified
1000SHIB / TetherUS PERPETUAL CONTRACT BINANCE:1000SHIBUSDT.P
Despite potential year-end challenges in the crypto market, it’s crucial to plan for buying scenarios to navigate adverse conditions. For SHIBUSDT, the fresh demand zone highlighted on the chart represents the strongest remaining support level, where buyers are likely to step in.
This zone offers a strategic entry point for long positions. Monitor closely for price reactions and confirm trades with lower time frame signals. Always manage risk effectively in uncertain market conditions.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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