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

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

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

Above: Bitcoin (BTCUSD)

Bitcoin’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

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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