Welcome back to the channel everyone today, i want to talk about and warn you about a new scam involving shiba inu, so make sure you don't lose any of your tokens. I also want to talk about the recent massive burn and i want to cap off the video with some amc news. So stay tuned and let's make some money, and now i want to dive straight in with the key information. So, let's start by talking about shiba, inu and recapping some recent price action.

Obviously this 0.000 4 000 level is acting as excellent support. We bounced off this support here and rappelled upwards bounced off the support again here as well. So i'm looking for that same bounce off the 0.000 4 000 level. If i take us to the three month view you can see, this level acted as resistance which we did blow through, and it's now acting as some very, very healthy support.

Similarly, to how we built this base between april and october around here, we're now building that same base this time, just around the zero point: zero, zero, zero, four thousand level when we have our next push upwards through the zero point: zero: zero, zero, zero, eight thousand Level, i think that area will then act as our future support, but effectively for the moment we're just waiting for the next catalyst to push us to that next level. If you didn't already know, i personally use blockfy to invest in cryptocurrency. Not only can you just buy some bitcoin, but you can also earn interest on your deposits also paid in cryptocurrency. So you can continue to accumulate more and more bitcoin up to nine point five percent per year.

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I wanted to warn you about a new scam involving sheba eu investors, the official sheba enu team, warnship investors about scammers who are impersonating official accounts and creating fake users. Obviously we can see this tweet from the official ship token account saying: stay, alert and safe ship army we've been made aware of a recent scam, traveling social media and other communication platforms. Here's a quick video to provide more information on the matter. So let's hear what the video has to say.

So, as you can see there, the video is basically warning you of all of these scammers in the youtube comments or on twitter or now on telegram as well. Basically, just warning you not to fall for any free giveaways or airdrops or special gifts or anything they might be advertising you see very commonly in the youtube comments people trying to advertise investing services promising they can make you more shiba in you tokens or more bitcoin. For example, so, basically just be careful of these scammers trying to impersonate official accounts. Maybe it's somebody pretending to be me, maybe they're pretending to be somebody else.

Maybe they're pretending to be the official sheba in your camp. Basically, just stay safe and stay aware of any of these scammers. It says, while shiba inu attracts aspiring, crypto millionaires and billionaires bad actors have ramped up their efforts, targeting unwary investors on social media platforms, including twitter and telegram. Some of the common methods used to contact potential victims are impersonating official accounts and targeting hashtags such as hashtag shib, shiba army lee shiva swap and bone.

Furthermore, shiba inu scamala highlighted that the community is not offering any kind of promotions, including air, drops bonuses, giveaways or gifts. So, if you do see someone claiming to be the official shiba army or shiba inu twitter account offering some kind of airdrop or free gift. It's most probably a scam and obviously, as a general rule, investors are expected to refrain from sharing wallet, keys credentials or joining and following fake social media accounts. So obviously, if anyone's asking for your wallet key or your private key, don't give it to them, and i also want to talk about something that i thought was a brilliant idea.

Did you know shiba inu coffee company is burning ship tokens for every bag of coffee. It sells so if you wanted to support shiba inu, you can now buy some shibuya new coffee and it will burn the ship tokens for every purchase. This effectively decreases the circulating supply of shiba inu and makes the token more rare and more sought after the post says. Continuous coin burning keeps the cryptocurrency's value steady in the short run and results in value appreciation over the long term.

Shiburinu now has its own coffee company that allows customers to buy ship branded coffee, while also burning their shiba inu tokens. The company sells a variety of coffee at a starting price of around 16, and the company said that, for every bag sold at least 10 of the company's profits are directed towards ship burning coin burning refers to the act of sending cryptocurrency tokens to a wallet that Has lost its access key just think about it as dumping the coins in an empty room and the key has been permanently lost now. Obviously, if you wanted to burn ship coins yourself and you wanted to burn a hundred percent of ship coins, then obviously you could just send them to this wallet at any time. But if you wanted to get something in return, like some shiba inu branded coffee, why not check it out? The company spokesperson said that coffee is the perfect product to represent shiba inu.

He also spoke about the advantages of selling a physical product for promoting shib. He said bridging the digital community that ship has created with the physical world is key to making a lasting impact and movement. He said when people can touch and smell something they can really feel this isn't just something online. Now the shiba inu coffee company hasn't yet released any products, but i'll be sure to let you all know when they do so.

I also wanted to talk about shipreport.com, which is a website that goes through the recent ship burns and also shows the coins in issue and the supply burnt and much much more. You can see. On the 19th of november, there were 357 million shiba inu coins burned. On the 20th we had 34 million coins 21st, we had 7.6 million, and yesterday we had 3.5 million coins burn.

So you can see that we now have 589.7 trillion coins in supply with a whopping 410 trillion coins burned around 41 of the supply has already been burned now. The reason why we saw this giant burn on the 19th of november is because there was billions and billions and billions of sheba new coins being moved around by some of the largest holders. Obviously, as part of that transaction cost, many of those shiba inu coins are burnt in the process when large transfers are made. We can see here that there's 45 overlords holding one plus trillion shiba inu tokens when a large shiba inu overlord moves tokens around to a different wallet or transfers to a different overlord or somebody else.

That's when you get those massive massive burns - and i also want to talk about this tweet from joseph kuro, comparing amc to gamestop's january run. We can see here this orange pen, markers game stops january run and amc is lining up nicely. Therefore, amc could be well on its way to running towards four to five hundred dollars per share. This would obviously be brilliant news.

I think that anywhere over a hundred or two hundred dollars, the hedges are gon na lose control of amc and the amc squeeze will start. Although looking at gamestop, it seems like gamestop has already entered cycle. Three and amc is slightly lagging behind. We can see here if i zoom in a little more, that gamestop has had a brilliant two days up over eight or nine percent, both days consecutively.

If gamestop today can break through this 250 region, gamestop will be on its way back towards the 340 region. This will mean that gamestop is entering cycle 3 and amc will follow shortly. Somebody noticed that gamestop is up three times more than amc is in the previous month, especially in that month, where drs became relevant. Obviously, over the last month, amc is up around 13.58, but gamestop in comparison is up around 40.83.

Clearly dressing shares is working for gamestop. I don't think it's absolutely necessary for amc, because if gamestop squeezes it will drag amc along with it. I do think the drs and shares and locking up your shares is also a good idea for amc, because it means there's less shares that can be traded by those hedges. However, obviously, if gamestop enters cycle three and blasts off to new highs over four or five hundred dollars per share, then it will be bringing amc along with it as well.

We also have mac attacks. Look ahead for this week. Mac attack also does have a youtube channel if you want to check it out and i'll obviously leave the link to this post down in the description below mac attack started by noting that he's keeping an eye on the reverse, repo and daily treasury balance over the Last few weeks, we've seen that reverse repo creeping up gradually more and more now to around the 1.4 to 1.5 trillion dollar mark on a daily basis. The us treasury is set to run out of cash around early to mid december.

A date that is increasingly creeping up very very fast. Gamestop are also very shortly expected to announce their nft likely their nft partnership with loop ring when gamestop announced that nft is likely to drag the gamestop price upwards, even higher likely into cycle 3. mac attack also said that, as we approach gamestop's earnings, we will see Some more rumors or the loot ring nft rumors, increasing mac attack also gave his options chain analysis and expects amc to continue to rise towards the 41 to 45 mark. Obviously, when we get to that 45 mark, i think we're gon na have a big decision time and if gamestop is continuing to do well, i think amc is likely to break that 45 area and return towards the 50 52 area.

Guys be sure to. Let me know down in the comments below what you think about the new ship burn and what you think about the new ship, scam warning and if you haven't already be sure, to sign up to block fight and make your first deposit to get up to 250 Dollars in free bitcoin, and as always guys if you enjoyed this video, be sure to check out some others. Alternatively, subscribe the channel and ding that notification bell, because that way, you'll be alerted. When i upload a new video cheers.