SHIBA in classic Wykcoff accumulation: retrace to 4400 expected
Traders,
You should definitely be long on SHIBABTC right now.
We are currently going through TEXTBOOK Wyckoff accumulation. I do expect a slight retracement going back to breakout trendline and top of Wyckoff trading range, apx 0.00004400 range.
If you want to learn more about this method of charting, visit: school.stockcha...ts.com/doku.php?id=market_... so you can read up on Wyckoff's work. NOT always the easiest, and does take time to get a hang of it, but once you learn this method, you have broken through the enigma of why markets do what they do.
I have already charted out all of these phases for you.
My opinion is that you need not necessarily wait for the retrace, I would just keep accumulating even here.
I originally expected SHIBA to go lower before heading higher (and follow Schematic #1 instead) but SPRINGS do not always need to happen in accumulation. As such was the case here.
Either way, this is PERFECTLY set up to buy. This is the SAFE ZONE to buy. I would go ahead and throw in a pretty huge chunk of investment here if I were you... I fully expect, at the bare minimum, to retest the recent ATH.
You should definitely be long on SHIBABTC right now.
We are currently going through TEXTBOOK Wyckoff accumulation. I do expect a slight retracement going back to breakout trendline and top of Wyckoff trading range, apx 0.00004400 range.
If you want to learn more about this method of charting, visit: school.stockcha...ts.com/doku.php?id=market_... so you can read up on Wyckoff's work. NOT always the easiest, and does take time to get a hang of it, but once you learn this method, you have broken through the enigma of why markets do what they do.
I have already charted out all of these phases for you.
My opinion is that you need not necessarily wait for the retrace, I would just keep accumulating even here.
I originally expected SHIBA to go lower before heading higher (and follow Schematic #1 instead) but SPRINGS do not always need to happen in accumulation. As such was the case here.
Either way, this is PERFECTLY set up to buy. This is the SAFE ZONE to buy. I would go ahead and throw in a pretty huge chunk of investment here if I were you... I fully expect, at the bare minimum, to retest the recent ATH.
