Cryptocurrency Buy And Sell Signals For Shiba Inu (SHIBA), Bitcoin (BTC), And Dogecoin (DOGE)

Cryptocurrency buy and sell signals for Shiba Inu (SHIBA), Bitcoin (BTC), and Dogecoin (DOGE)

Shiba Inu (SHIBAUSDT) $0.0000025/3-box reveral Point and Figure Chart

”Shiba Above: Shiba Inu (SHIBAUSD)

Shiba Inu has a fantastic long opportunity on its 3-box reversal coming up. It has triggered once already, but it is still a valid entry if you missed it. It’s four to one reward/risk setup that positions SHIBA shy of its all-time highs near the $0.00008000 value area and is a 106% gain from the entry. The setup is a form of a bear trap in Point and Figure analysis and should generate substantial initial gains.

Buy Stop @ $0.00003750

Stop Loss @ $0.00002275

Profit Target @ $0.00007750

Bitcoin (BTCUSD) $1,000/3-box reversal Point and Figure Chart

”Bitcoin Above: Bitcoin (BTCUSD)

bannerBitcoin’s Point and Figure chart shows a beautiful triple-top breakout setup occurring within a broader inverse head-and-shoulder pattern. Combining the triple-top breakout and the head-and-shoulders pattern creates a powerful bullish reversal setup. The profit target on this setup projects Bitcoin returning to the $65,000 price level, which is the 50% Fibonacci extension of the current swing. Of course, it is entirely possible that the profit target is too conservative and that Bitcoin could instead rally well above its current all-time highs to hit the 100% Fibonacci extension at $84,000 – but time will tell. The trade setup would yield a little over a three-to-one reward/risk with a 25% gain from the entry.

Buy Stop @ $52,000

Stop Loss @ $48,000

Profit Target @ $65,000

Dogecoin (DOGEUSD) $0.01/3-box reversal Point and Figure Chart

”Dogecoin Above: Dogecoin (DOGEUSD)

Dogecoin has certainly given bulls a bitter taste over the past few months. Rallies and momentum based on Elon Musk’s Tweets have waned, and a lack of buyers has given short-sellers and weak hands the upper hand (no pun intended). The recent breakout below the neckline of a head-and-shoulders pattern has yielded limited movement south. A Pole Pattern has now developed on Dogecoin’s Point and Figure chart, presenting a buying opportunity before DOGE would return to the $0.36 value area.

The trade setup is a four-to-one reward/risk and represents a 100% gain from the entry.

Buy Stop @ $0.20

Stop Loss @ $0.16

Profit Target @ $0.36


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