Swoop6

Swoop6

Not much to say here just forecasting small down moves - overall quite bearish and am expecting a lot more blood in Q1.

Swoop6

My guess is that this is our last Bull Trap and prices fall to mid 30s~, Expect a lot of selling once 39k~ is busted that should give us the fast leg down - from here is where we start accumulating heavy, Will update if correct.

Swoop6

I'm starting to accumulate here and will buy more if price falls a lot, As title says ditch eth and bet on l2...it's pretty self explanatory. I expect successful L2's to out perform ETH by quite a lot in 2022, WHY? Because L2's will have all the attention and are solving a real problem - the future is multi chain.

Swoop6

Seem to be in the process of making a top - looks like there is a little juice left in the tank but I would not stick around too long, have outlined 2 retrace areas; my guess is the 2nd one is where we're going but can't call it for now.

Swoop6

Getting close to a top on this trending move, I have marked 2 likely areas where price should retrace to - I will update once the move becomes more clear.

Swoop6

So far everyone who has bought this on the public markets is underwater and this is great!, we may have 1 more small leg down but I can't fault someone for building a position at these levels gl.

Swoop6

Many people in this space seem to think a lot of these old coins are dead and find them overall quite boring, This is one of the cryptos that's here to stay and is already being adopted as money in many countries that are not as privledged as the western world, Yes that's right step outside your little bubble and throw away your security blanket and you quickly...

Swoop6

Still Bearish however momentum is fading and it's looking like we got more 1 bull trap before another plunge, The difference between fibs is quite big but this is how it is - Personally I think there is lot of stops around 39k~ and we will see a cascade down once that's busted, Will be able to call it more accurately once the move unfolds until then just patiently...

Swoop6

Called the Bull trap on this previously and many were in disbelief as they chanted long (will post idea below), Moving forward it looks like AVAX will probably find a low a bit later than some other alts which is fine - I don't see prices staying low for long so be prepared.

Swoop6

So we have pretty much called Solana Perfect from $240~ odd down and our targets have been around the $100~ area, I probably won't nail the exact bottom but I believe the next low made where I have marked could potentially be it, Short term counts are always tricky but it appears 1 more bull trap is left in this before the last plunge comes in.

Swoop6

For those that follow me know I've been quite Bearish on BTC from about 58K~ and my stance has not changed as I think we're heading to 30k~ with the potential of going lower, People are going to continue to buy the dip until they run out of $ to buy the actual lows, Our Daily pivot P2 is quite important here as it's kind of setting the stage for a much larger move...

Swoop6

Have had mixed views on this chart if a low is in or not - for now I'm leaning towards we might end up seeing some major dumpage as a global meltdown will drive all prices down on equities/commodities in the short term, Have outlined some areas where a low might come in (fib levels 1/1.236) if the fractal is not tracking price accurately gl.

Swoop6

All aboard the Stink Express it's your captain Swoop here and we're on track to our destination bagholder island!, Every time I make these ideas there is a plethora of tribal top longers/failed dip buyers and just overall new market participants who can't stomach the fact that their bags can go down...and a lot, It's not personal and I don't get any joy in seeing...

Swoop6

Another day ATOM is scamming higher as the top longers and future bagholders rejoice of their short term gains - These people are now crypto experts overnight, SIKE this is going to fall so hard and leave many with a 1 way ticket to rekt city.

Swoop6

Have plotted my counts, not sure on last part if it's going to morph into 5 waves or it's a B wave overshoot (think it's a B wave), Good chance if we get the ABC I have marked and don't bounce we're heading into a severe dump for quite some time, Many new investors in the stock market think they cannot lose $ currently and are blindly risk on...because omg...

Swoop6

Many people are longing alts now thinking they have got in at great prices - this won't last long, the real lows are coming and probably within a few months.

Swoop6

Blue Chip Boomer stock - watch it crumble with the rest of the market, This company is kind of good at diluting loyal shareholders who are not large shareholders - Enjoy the bloodbath.

Swoop6

Log Forecast here which appears to be in the macro wave 3, expecting a dip in the short term to $7-8~ area before blastoff.