The likeliness of a parabolic run-up has has increased amid the release of ShibaSwap. The health of Shiba Inu is, of course, highly coupled to the general health of the crypto market - this fortunately is also beginning to signal a continuation of the Bull run.
The Take Profit levels highlighted reflect my exit points. I will provide an update one Take Profit...
There are a lot of ongoing discussions about whether the halving event is sufficient of a fundamental to push the BTC price higher, or whether the event is already priced in. The same was being debated in 2016 and yet, there was a significant increase post halving. The nature of the currency (deflationary) can only mean that the price will steadily be on the rise...
The massive BTC gain features 7 days ago was identified as 'a' whale submitting a buy order on three highest volume exchanges. Basic technical analysis indicates that BTC is highly overbought (RSI) as well as within upper bounds of a k=2 bollinger. Mean reversion principle as well as a wedge formed on the hourly chart suggest a short-term down price action.
An...
A classical wedge forming on 1d-1w weekly chart. Resistance @4200 will break wedge to next lows around a strong support @3700. Then buying power will push price to ~5k+ (Sept-Oct).