$SHIB No matter how you look at it, it seems like it’s about to skyrocket. Why hasn’t it skyrocketed yet? Because Bitcoin hasn’t broken 100,000 yet. The reason altcoins are hesitant to pump is because Bitcoin hasn’t broken 100,000. They are scared! They fear that if Bitcoin can’t break 100,000, it will directly pull back. If they pump now, wouldn’t they just get buried?
So for the altcoins to really pump, they need to wait for Bitcoin to break the 100,000 barrier. Only then will the altcoins start to pump violently. If they don’t pump, they won’t keep up with the rhythm.
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Looking at the chart, it seems that SHIB on the daily level is brewing a W bottom pattern, already completing half of it; there’s still half to go. Be patient, once the W bottom is formed, let's see the previous high and the new high.
Continuing to look at the chart, still on the daily level, looking at the Fibonacci for SHIB, the 1:1 position of 3724 really looks like it’s going 1:1, then it would be like a villa by the sea, right?
Next, looking at the 4-hour level chart, as indicated by the arrows, isn’t it quite similar to the previous segment of consolidation? Currently, this segment is still in consolidation but will soon welcome a surge. If it can pull back, be bold and take the spot.
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Once, SHIB didn’t look up to me, but now, I make you unable to reach it. Hold onto your chips tightly, don’t get off easily, or you won’t even have the chance to get back on. Meeting adjourned.