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Shiba Inu Technical Analysis | $SHIB Price Prediction
Is Shiba Inu a good crypto to go long? We are looking at Shiba Inu using Fibonacci Analysis for a swing trade. Shiba Inu has been trading to the upside with a series of higher highs and higher lows above the 200 SMA on the 1 HR Chart.
You can trade Shiba Inu on Coinbase, Binance, FTX, Kucoin, and many other exchanges.
Today I will share some recommendations that I gave out the last few days in the energy sector using the same Fibonacci Analysis to go long.
Range Resources Technical Analysis | $RRC Price Prediction
https://youtu.be/4OQtNVQPtfA
Diamondback Energy Stock Technical Analysis | $FANG Price Prediction
https://youtu.be/K9vcThuzmr0
Occidental Petroleum Technical Analysis | OXY Price Prediction
https://youtu.be/5LRwtIevDvE
Valero Stock Technical Analysis | $VLO Price Prediction
https://youtu.be/X74Li2a4Ccg
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0:00 Intro
0:15 Setting up Symmetry Support
0:29 Setting up Fibonacci Retracements
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This is the Centered Trading Channel. We trade US futures, futures Options, and future currencies. Each day we look at the S&P500, Nasdaq, SHIB, and the Russell2000. We focus primarily on Technical Analysis, Trading Strategy, Trading Psychology, and Position Sizing.
I am a student of Fibonacci Analysis and the 3 Price Relationship as taught by Carolyn Boroden (Fibonacci Queen).
Centered Trading has a few key components in our approach.
- Composure
- Clarity
- Commitment
Trading with Composure means that I must first prepare my mind before I turn on the computer. This looks like meditation, positive affirmations, stretching, exercise, proper nutrition, breathing exercises, & listening to calming music. I must have a deep understanding that all feelings of certainty are an illusion. I must look at the markets with a probability mindset. Trading with composure is to be able to have the mindfulness to examine my current emotional states (fear, anger, revenge, shame, euphoria - all these emotions can override and take me off course). I look at the markets with a sense of wonder and curiosity.
Trading with Clarity means that I must have a trading methodology in place. The methodology must be clear, concise, and followed. I must be clear about the position sizing as I'm not trying to force myself into profits or make the markets to move in a certain way. All desires/feelings of control is an illusion.
Trading with Commitment means that I must follow through on my trading plan. I either take a small loss with the trade, ratchet up the stops as the trade goes into my favor, or take profits at appointed profit extensions.
Peter Borish - “Price Before Headlines. Discipline Before Vision. Price Before Sentiment.”
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Disclaimer: The information on this YouTube Channel and the resources available are for educational and informational purposes only.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past Performance is not indicative of future results.
Viewers are solely responsible for how they use the information provided in this video, and for their results. Centered Trading does not guarantee the accuracy of any analysis based thereon.
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