Swoop6

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.

Swoop6

The time has come for the music to stop for kaspa - Expecting this to enter a long corrective phase...damp it.

Swoop6

Like many alts I think they have put in major cycle tops and we're at the start of a nasty deep correction - this will go down as one of the slickest bull traps ever.

Swoop6

Many ppl love this coin and CT shills it super hard - I can see potential here that 5 waves have been completed and we're at the beginning of a massive correction.

Swoop6

Plotting what I think may be the corrective bear targets - Structure wise it's difficult to say a bottom is currently in after retracing so much of our previous leg - hence why my bias has shifted thinking we have not finished correcting.

Swoop6

Could be forming a massive bull trap here - yes our initial dive is quite large and could be perceived to be a bottom but my bias has changed recently and I'm entertaining this possibility.

Swoop6

Making this under the assumption that we're in a larger bull trap and the correction is not yet complete - I have marked 2 target areas where I think this may stop.

Swoop6

So after the recent moves I've had to start questioning if 56k was the bottom and if this is a normal bull retrace ( it don't look like one) - moving forward I have marked 2 areas where I think the correction will likely end if we're in a larger correction.

Swoop6

One of the better alts in crypto with a good scam narrative behind it - it's getting close to a critical point which I believe will be the bottom of this correction and we will blast way higher once it's completed.

Swoop6

We're now reaching the point where we probably should start climbing higher again if this is bullish - if we break above our red fork expect fireworks to the upside - The bear case in the short-mid term is quite obvious to me (if we break 56k~ I'm expecting 40k) from here I will be buying again with the thesis it's still a bull trend but the cycle will just last longer.

Swoop6

I believe this will be one of the large winners this cycle and is currently quite unknown to the majority of crypto ppl.

Swoop6

Cat season is def coming and this chart setup looks great - correction looks to be just about done and I'm of the belief we will go parabolic...to the MEOWN!!!