What is the meaning of shibar in the context of cryptocurrency?

3 answers

• Lucas MatheusJun 06, 2024 · a year ago
  Shibar is a term used in the cryptocurrency community to refer to a specific type of trading strategy. It is derived from the words 'shiba' and 'bar', where 'shiba' represents the popular dog breed and 'bar' refers to a price level. Shibar involves buying or selling a cryptocurrency when its price reaches a certain level, often represented by a horizontal line on a price chart. Traders use shibar to identify potential support or resistance levels in the market and make trading decisions based on these levels. It is a popular strategy among technical analysts and can be used in various cryptocurrency trading platforms.
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• Rahbek CoxFeb 06, 2022 · 4 years ago
  Shibar is a slang term used by cryptocurrency enthusiasts to describe a situation where the price of a particular cryptocurrency is stuck or trapped within a specific range. It is often used to refer to a period of consolidation or sideways movement in the market, where the price fails to break out of a certain range. During a shibar, traders may choose to stay on the sidelines and wait for a clear trend to emerge before making any trading decisions. It is important to note that shibar is not a technical indicator or a specific trading strategy, but rather a descriptive term used to characterize market conditions.
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• Mohamed EL TahanMar 09, 2024 · a year ago
  Shibar is a term that is commonly used in the cryptocurrency community to describe a specific feature or functionality of a cryptocurrency exchange. It refers to the ability of users to set a specific price level at which they want to buy or sell a particular cryptocurrency. For example, if the current price of Bitcoin is $10,000 and a user wants to buy Bitcoin when its price reaches $9,000, they can set a shibar order at $9,000. Once the price reaches that level, the exchange will automatically execute the order. This feature allows users to automate their trading strategies and take advantage of price movements without constantly monitoring the market. Many cryptocurrency exchanges offer shibar functionality as part of their trading platform.
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