literally everybody is talking about it
and it is a force to be reckoned with
and you should not ignore it because it
might be a big mistake shiba inu token
the next big meme coin
is out with a vengeance currently there
is a culture of meme coins and reddit
articles that are going viral
and it cannot be ignored anymore just to
put this out there a few hundred dollars
to even a thousand dollar investment in
dogecoin made more millionaires in the
last year
than anything you could possibly imagine
[Music]
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable on a consistent basis now as
you guys know i really like to do
technical analysis breakdown market
structure trend line support and
resistance fibonacci retracement levels
all of that gets thrown out the window
when it comes to meme coin crypto
currencies or things like gamestop amc
dogecoin which for years i referred to
as dog
i've been in the cryptocurrency space
for quite a long time and i've created
more than a thousand videos for a
different youtube channel do not watch
that but overall i am extremely educated
on all things cryptocurrency
at the time of making those videos i was
deeply following the top 10
cryptocurrencies watching different
market caps rise and fall i was
massively against xrp for reasons you
could probably research on your own but
during that time of me getting into
cryptocurrencies and learning absolutely
everything there is to know i was highly
aware of the pump and dump a lot of that
happened in 2018 when bitcoin was
growing in popularity pretty much every
chart looked like this
and then this now however since
cryptocurrencies are more widely adopted
some of these things that i thought were
pumping dumps were pump and retrace and
skyrocket to millionaire now
let's look at the chart of dogecoin
at this time at the end of 2020
i had it in most of my videos saying
that it was a pile of garbage and it was
just gonna pump and dump and please
don't risk your money i was wrong at
this time dogecoin was at like .0028
and then it pumped up and i was like i
promise you guys it's going to dump down
and sure enough from its high point in
november 2021
it dropped 33
in like two days and i really felt bad
for a lot of people because they
invested thousands of dollars and then
they didn't do so well they lost a lot
of money and i had been saying for
months you know it's bad like don't do
it after that however some tick tock
viral video went out and look what
happened
it just
kept
going up and up and up and up so from
that time that i said don't buy it it
went up
387
then again everybody started cashing out
and again i was like oh it's just a pump
and dump now if we keep watching what
the price did hold on i have to really
adjust my chart
uh it skyrocketed
because elon musk and the internet and
culture
whatever so from that point that i said
don't buy it it went up 2953
millionaires that invest their money
into these huge hedge funds are ecstatic
when they gain 20 annually 3 000
is an absurd number but again i just
thought you know it's still that pump
and dump mentality it's gonna get you
know promoted by somebody or something
and then
you know it'll flop on its face because
it's got no usefulness and i look into
cryptocurrencies that are useful bitcoin
ethereum chain link you know the top
ones and again
it started doing
this and
it didn't stop because
and i hate to say this which is why i
didn't want to make this video because i
know there's going to be a bunch of
scammers in the comment section that i
have to delete like the whole
cryptocurrency market is just it's weird
okay but
dragging my little tool thing
all the way over here we were at a
maximum profit of twenty five thousand
four hundred and forty nine percent
is this um this stuff regulated are you
guys what are you doing here so there
are people that love scalping the
markets there are people that love swing
trading there are people that love to
long-term invest and now there is a huge
subculture around
meme coins it cannot be ignored and the
more noise i hear about all of these
meme coins
i've actually started investing in them
i put a hundred dollars in everything
that i see on reddit or things that are
going viral on instagram or facebook or
whatever and i've done substantially
well a lot of these just dropped and
never did anything but the ones that did
go up i've made thousands upon thousands
upon thousands of dollars on now the
whole reason you guys clicked on this
video is to hear about the shiba inu
coin also known as the dogecoin killer
now do you remember when we looked at
dogecoin in its first pump up that i
said don't buy if you guys recall that
was about a 300 gain currently on shiba
inu we are at that 300 game i am no
longer saying don't buy pump and dumps i
am saying
if you have a hundred bucks to literally
throw away like if a hundred bucks fell
out of your pocket as you were taking
out your keys and you were like ah no
big deal
take that money and put it in toshiba
inu if it loses 100 of its value
just lost 100 bucks no big deal you've
already decided that if it fell out of
your pocket you'd get over it but if it
goes up
you could have 25 grand conversely if
you lost a thousand dollars
or had 2.5 million like you can see the
risk to reward here is unparalleled now
on monday i had an alarm set in my phone
that said buy shiba inu i bought in at
10 am my time from that time at exactly
10 am and this is what really really
messed with me is that i bought the
tokens at 10 a.m and i was like i'm not
gonna look at it for five years i'm just
gonna buy it and i'm gonna sit on it and
see what happens by the end of that day
i was up 18 which is what a millionaire
investing into a hedge fund would get
annually and i was like okay i need to
make a video on this needless to say i
had the video planned since monday i
wanted to discuss everything about shiba
inu but there's no point in me
regurgitating all the information that's
already on the internet especially the
fact that this morning five hours before
i started recording this graham stefan
released another video saying all in on
sheba enu and he's got like what
3.44 million subscribers and his latest
video is all in shiba inu so just doing
technical analysis for the fun of it on
shiba inu if we look at a fibonacci
retracement on this bull run that it had
it is completely perfectly and utterly
retraced at the 0.5 my price target
right now
is right here take profit one two and
three i'm not taking profit i'm just
saying that this is the next price
target if it goes up from where i bought
it at 10 a.m
on
monday up to there
i am at a 91
profit i would be completely happy with
that but i'm pretty sure it will
continue to go up because the internet
is a thing and memes are a thing
you know nothing
snow
also let me put this in perspective you
guys have heard if you start saving your
money at age 18 and you save 10 of your
paycheck and you put it into a roth ira
and then by the time you're 65 you'll
have 1.74 million dollars
you can literally make that off of a
thousand dollar investment into this as
it go and it just like that's crazy the
whole system is completely flipped now
meme investing is a thing even big banks
are noticing and the manipulation and
the price movement and hundreds of
millions of people buying in this thing
isn't even listed on robin hood yet once
that happens i mean
so if you guys are looking for
opportunities i would go to reddit or
tick tock or whatever next you know
popular thing is being discussed just
like throw 100 bucks at everything that
you possibly can because one of them is
gonna go
crazy now if you guys enjoyed this video
and you're excited about either losing a
hundred dollars or making 25 grand make
sure you hit that like button just for
the youtube algorithm and to make me
feel good about myself if you want to
learn all about shiba inu token and what
it does and why it's the dogecoin killer
watch graham stefan's video right here
but if you guys want to learn technical
analysis and how to day trade and like
make profits consistently make sure
you're subscribed to the channel and
check out all of my beginner and
intermediate playlists subscribe now
thank you for subscribing
i seriously hate the fact that i even
have to make this video