First Shibil War

Author: Prof. Void

I write today because I want to support Spaceshib’s mission to create a decentralized news website where anyone from anywhere can publish their opinion on crypto – and get paid in crypto for doing so.

As it stands at present, the Shibarmy has a rather fickle mindset of supporting a very slim set of projects and influencers, while silencing and bashing others, and for no apparent reason. So, I’m here to take a stand like I have been the past year. I write because my Twitch channel (Enter the Void) rewards its loyal viewers with Shib tokens. I play video games like Yugioh Master Duel, Apex, Power Rangers Battle for the Grid, The Quarry, Metal Slug, MultiVersus and more. Furthermore, I also do technical analysis on crypto, specifically Bitcoin, Ethereum, and Shib. My TA (technical analysis) first started on Reddit where many people did not appreciate my abilities, to say the least. Ever since then, I had been banned from the Shibarmy subreddit and the Discord by the defense breed and their leader Trophias, along with many other innocent and genuine projects (usually being called scams in the process).

I’ll be blunt and ask directly, without mincing my words. Is this what the word "community" stands for? One side picking on another for their opinion on the matters? Banning their voice from being heard and calling them scams and crooks as an ultimate gesture to ruin their reputation? Such irresponsible and hasty actions may – and likely will - lead to an eventual split within this community.

We may very well be on the verge of what might go down in the history of crypto as the First Shibil War. But I digress. Let’s take a closer look at the Shib inverse head and shoulders that I have been tracking and which, for lack of a better word, led to me being silenced within “the community.” I’ll let you – the readers – be an ultimate judge and decide whether I deserve the flak I’ve been getting.

Since the disgusting crypto dip that shook many new investors out, Shib regained a zero and continues to eat it, but what is significant about dips is to learn how to spot the bottom while you hold during feelings of anxiety and frustration which are very common when one sees their portfolio diminish by 50%. However, wise words ring true, “you don’t lose unless you sell.”

From my chart, one can clearly see Shib holding support from the 75-80 ranges. The inverse head and shoulders pattern has been forming since May 15th. At those levels, the RSI hit below 30 which is an indicator that an asset has been oversold. If my thesis continues to form, we will see the 2500 levels for shib in the next few weeks. However, what really drives the market is BTC, and if BTC decides to tumble with the looming recession, my thesis will be invalidated because Shib will most likely fall to the 95-support level. Now let’s juxtapose the BTC daily chart. There is clear support for BTC, but crypto enthusiasts need to be patient with this unpredictable coin.

One last piece of TA that anyone should be watching is the weekly MACD level. Back in April, I thought the first yellow circle was the bottom, but I was gravely mistaken since it turned out to be a dead cat bounce. On the other hand, these moments of being inaccurate is where people learn to sharpen their senses in trading. Look how small the MACD closest to the horizontal line is. Once the MACD flips into the upside, the chances of Shib attempting a higher support range is very possible. 

Lastly, anyone that has been following my Twitch can see that my Shib thesis has been forming nicely. Again, TA is nothing but looking into a crystal ball (or reading tea leaves as some people might say), but although I’m not always right, I’m also not always wrong either. I will keep tracking BTC, so tune into my Twitch channel for daily updates while the lurkey turkeys help keep the viewership up. As a reminder, 50% of my ad revenue is paid out to the community in Shib, and we have been working hard averaging $5 a day in ad revenue. In total, I have given away more than $400 worth of Shib to the Shibanauts, and I will not stop anytime soon. The Shibarmy is more than welcomed to join us, but I won’t hold my breath. Also, follow me on Twitter at SuperMetaframe. Don’t be confused that name is just my previous screen name before I fully transformed into Prof. Void.

08/16/22 Addendum.

Since writing the draft, the inverse head and shoulders has formed, and Shib is holding the 15 level as support, and the weekly MACD has turned green to reflect the bullish divergence that I’ve been charting. Shib has touched the 200 EMA, and now we will show if Shib holds support and attempts the next leg up.