We see shib on its way to target. i used the poloniex chart because it gives us more chart history. binance has liquidity but doesnt give us the whole picture. i see a lot of "experienced" traders make this mistake when analyzing cryptocurrency charts
.00002100 is the buy zone at the 78% fibonacci level. we may find temporary support at the golden zone but history shows us that this level typically fails when we are creating a wave 2 from a bigger perspective.
the impulsive structure in we saw that took us to an all time high suggest we are going to break to a new all time high but it may take a bigger sell off and a consolidation period.
this is a potential 1500% trade setup with some patience
please watch my video analysis below for more information
just bounced at 36 support which is the .618 from the sept low and oct high so this could be the low b4 the next moon like you have drawn
rigorocks
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@kenzboard, the 78% fib retracement has been the highest likely area for crypto for the past decade.I expect shib to come down there in either a straight shot or in a couple bounces
goldenbarisi
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nice. am expecting it to get too $7 am going to hold for 5years
rigorocks
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@goldenbarisi, a lot can happen in crypto.if bitcoin turns bearish it would be wise to take profit and come back to it.bitcoin still controls whether the market is bullish or bearish. Would hate to see you ride it down to .00000015
goldenbarisi
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@rigorocks that is true.. but going to leave it. up or down. my out point is $1 above
rigorocks
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@ArtfulDodger1974, honestly the asset doesn't matter to me.only the chart. I can chart forex no problem as well. My method knows no bounds. Crypto is algorithmic driven just like everything else.it appears more volatile only because it moves faster as the market is open 24/7. The companies behind stocks have no say in what the market makers do with their stock. the fang stocks will all eventually succumb to the bearish algorithms no matter what their companies are doing. computer software has no feelings or emotions and they don't care about the news or company at all.its all about the golden ratio and the -236 as you'll see in my videos As far as crypto goes there are blockchains that have been around for 10 years without being comprised so the tech is solid, how people implement it is a totally different story.you have bad apples in every country and market
rigorocks
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@ArtfulDodger1974, crypto was born after the past financial crises as an alternative to currency.whether its legal or not people will use it as a means of exchange, as seen in China. Decentralized Cryptocurrencies are without a doubt a better form of money but they take away government control so in our lifetime one will not be nationalized in its current form. However, governments are creating centralized blockchains to move their currencies online.I've always said blockchain will either free us or enslave us.as governments implement these blockchain currencies people will have to ask themselves how much their freedom is worth.the us dollar is history's greatest ponzi scheme and the fiat dollar actually violates the u.s. constitution pretty obviously