What a Weekend for SHIB… What a Weekend for Bitcoin
Did you have a good weekend. Looks like the weekend pump never came. We can thank Bitcoin for that. The market as a whole is in fear and the bears are out to play. I’m still waiting for the December rally and realize that it could be delayed.
Let’s look at SHIB news to think of what could help the price of SHIB. Just recently SHIB has been listed on bitpay. Yup, bitpay. Add that to the list of more markets for SHIB to reach more people. SHIB also will be entering the play to earn space with PlaySide studios developing its NFT card game. And just this past week on Thursday a whale purchased over 1m USD worth of SHIB. It means whales are stacking SHIB.
All these things show that SHIB is a very solid project and continues to March forward despite its volatility. We are still way up over 66k% since the start of the year. Believe me SHIB is a rocket ship.
These dips are to shake the new hands so SHIB can stage for its next rally. It’s best to take advantage and accumulate while the market is down.
SHIB does have strong support at .000032 and looks like we could be closing the day above .000037 with a very solid bullish candle with wicks to the top and bottom.
I’ve created a new trend line and see SHIB following this up. If not and Bitcoin stays around it’s 50k mark we could see SHIB go back down to .000032. Need to see SHIB get back up to .000042 before it’s next rally. The next rally may be small. We should see some steady sideways movement and stay around .000037 before any significant price movement.
The best thing to do now is simply HODL or DCA down if you bought in at the top. If your on the sidelines waiting to get in anytime now between .000032 ~ .000038 is ideal.
Let’s be hopeful for a December rally. But at the same time be realistic and realize that we may not eat that zero until Q1 2022. Right now baby steps. Let’s get back up over .00004 and go from there. In the mean time.
Keep it Lit. 💎🙌🏼🚀
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Note: do your due diligence. Don’t make financial decisions based on my charts. I’m not a financial adviser. Just a guy with an ukulele who loves crypto. With that own your decisions. I’m not responsible if you get rekt. Crypto is high risk and high rewards. Play at your own risk.