SHIB’s Impressive Uphill battle
I personally am more of a stock trader - I always thought that if I put my analysis to work on a crypto chart, I’d find major opportunity - but, didn’t even want to get involved in any coins other than BTC and ETH. Random DOGE purchase before the first pop on word from a friend - and most recently SHIBA INU prior to its .000045 pop. I’ve returned this month after pulling up a chart and running through recent time frame action, along with the obvious crypto boom approaching with TRUMP. Decided to throw a small amount in both SHIB, DOGE, and ETH.
But specifically analyzing SHIB, I’m seeing incredibly healthy liquidity building and seeing an increase in bullish volume at created levels of demand. Each time we re-tap a demand zone, we essentially confirm it as a liquidity level that was built purposely to establish A) strong demand and B) a more sustained move up. We’re seeing this happen on the LTF and is fitting into our HTF picture as well (I’m talking known resistance from the last large price boom).
We’ve come to reattempt a break of a known HTF level of resistance now - each time adding liquidity to that zone and increasing the potential of this becoming a level of support in the future. From the HTF perspective, we are closing a HTF cup utilizing a previous liquidity level to create the healthy potential of a larger breakout. It can, however, prove to be an impenetrable resistance zone and be at a natural top of range for the time being.
However, what we’re seeing based on the volume and both rejection and support, we see an increase in bullish buying at higher and higher established demand levels and also an decrease in selling at that same HTF supply zone
At the same time, this same process happens on a LTF level and can prove either stronger supply or demand at lower and tighter levels and indicate where we have become more bullish than bearish based on where the HTF needs to go.
Anyway, bullish SHIB and I personally bought some recently at the ..000027 demand and then again where I identified in the video at that .29 demand grab.
Happy trading and weekend all :)
But specifically analyzing SHIB, I’m seeing incredibly healthy liquidity building and seeing an increase in bullish volume at created levels of demand. Each time we re-tap a demand zone, we essentially confirm it as a liquidity level that was built purposely to establish A) strong demand and B) a more sustained move up. We’re seeing this happen on the LTF and is fitting into our HTF picture as well (I’m talking known resistance from the last large price boom).
We’ve come to reattempt a break of a known HTF level of resistance now - each time adding liquidity to that zone and increasing the potential of this becoming a level of support in the future. From the HTF perspective, we are closing a HTF cup utilizing a previous liquidity level to create the healthy potential of a larger breakout. It can, however, prove to be an impenetrable resistance zone and be at a natural top of range for the time being.
However, what we’re seeing based on the volume and both rejection and support, we see an increase in bullish buying at higher and higher established demand levels and also an decrease in selling at that same HTF supply zone
At the same time, this same process happens on a LTF level and can prove either stronger supply or demand at lower and tighter levels and indicate where we have become more bullish than bearish based on where the HTF needs to go.
Anyway, bullish SHIB and I personally bought some recently at the ..000027 demand and then again where I identified in the video at that .29 demand grab.
Happy trading and weekend all :)
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Here are the clear demand zones that price will target in order to build enough liquidity to break our current supply at .000033
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