Swoop6

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.

Swoop6

I believe what we're currently seeing is capitulation on many alts and this is a buying opp - huge shake outs are common right before alt season really starts.

Swoop6

Ok So I don't rate this very likely at all but the future is quite unpredictable and this coin is totally written off/hated - People tend to not believe things until they happen.

Swoop6

Many ways to derive targets here regardless what you use it's obvious this is going down.

Swoop6

Harmonic patterns to da rescue for da noobs - it's easy as 123 abcD...This Bat is no doubt heading towards the power lines and won't make it out alive.

Swoop6

Low Risk High Reward setup here...I've had to spell it out in so many ways I guess...but anyway thar she blows I think.