Swoop6

Swoop6

Another bull trap for the noobs to take the bait on - everyone piling in screaming for new highs...but nope it's going to dump hard and leave bulls rekt.

Swoop6

Short term count in play here - regardless what your bias is I believe this will likely play out - gl...

Swoop6

Can you Sei it? yea future looks pretty terrible this chart will end up like many alt l1's - lot's of hype and promise but nothing delivered.

Swoop6

Yep all the noobs think they're going to get rich off this longing here...I mean how could they not? when they follow all the experts on crypto twitter lmfao...All jokes aside I don't see this ending well at all - expect a mega bloodbath for a year or so gl.

Swoop6

The targets here are the best case scenario I can come up with for the bulls (on the corrective front) - other counts are targeting 11k~ levels gl.

Swoop6

This is a harmonic wave count as it seems to fit the structure off the bottom best - looking at the last part of the move it may have 1 more push up but overall it's probably not far off being done/done - looking at many of the big stocks/nas100 it's more convincing that we're in the process of topping out also gl.

Swoop6

So many sheep and noobs are in this meme coin thinking it's going to moon more (never ends well) - Expecting all the dominoes to fall here and people will be left speechless as they're stuck holding the bag.

Swoop6

So I've plotted this in log scale - views are the whole move from 15-73k~ was one big suckers rally and now serving as a huge bull trap scamming noobs into thinking it's a new bull market and we're going to blast much higher - expecting this to bleed out for at least a year and find a bottom somewhere between 6-11k~ gl.

Swoop6

After going over many counts I've come to the conclusion this is likely the correct one - I know many people are going to look at this and their heads will explode (that's good) as the market don't care about your feelings or sloppy entries - I've used multiple confirmations to derive my view here and time will be my judge gl.

Swoop6

So I'm making this idea entertaining the possibility this may happen - This is assuming that our move from 15-73k~ has all been one big corrective B wave (suckers rally) - and we're currently in the early stages of a larger correction - Obviously this is not my most likely scenario currently but it's one worth showing.

Swoop6

Many market participants have that ''can't lose'' mentality again and it's quite obvious markets have been running hard for a while now - I've made this idea using monthly pivots and action/reaction lines which could be hinting at we're forming an important high and there is a possibility of a reversal looming - It's quite difficult to scream top yet because we...

Swoop6

This has been a tricky one trending down forever it feels but I'm still of the belief it will have a very large pump in the future so we remain patient.

Swoop6

Yep most ppl think this is dead (they may be right but who cares) - Chart is looking spicy for a huge parabolic move...send it.

Swoop6

Not many projects in this space that have real exposure to a mega trend and are uniquely positioned to capitalize enormously like this one, I have a feeling in the coming years this will be in the hundreds of billions market cap and only then it will become obvious why.

Swoop6 Updated 

One of CTs favourite shilled memecoins...yep probably in the bagholder phase where all the wild targets are being thrown around on a massive bull trap...Q the free fall.

Swoop6

That's right we're probably at the start of a huge alt season while the majority are trembling in their boots and fleeing like noobs...I'm busy buying...Why? Because I'm better duh lol.

Swoop6

Many are panic selling here and running from the market...that's some noob behaviour if you ask me - there are a lot of confluences here to say this correction ends soon - and this is most likely another great buying opportunity that the majority will fumble.

Swoop6 Updated 

So structure wise we've now seen 5 waves down and it's possible that our C wave is completing here - I see this as a decent time to get some exposure if you have none as this may be forming a bottom soon.