this is an upadate to the market cap i called a few weeks back
im expecting the entire market cap to crash to 1.269 mcap
key takes 1w jefe bear has formed indicating a sell top is in
1w low ran the open candle meaning prce want lower targets at 1.829 mcap next
we can see a test/ bounce back to a 2.374 mcap as that would be a 50 ine fib level
the 3d low ran under the open for showing profit booking has taken place but also ran under more then i would like
the 1d low came in at an 1d open but no balance this means lower prices is wanted
after such a strong selling pressure price will want to come back to a balance bc it is the most liquid area which allows for clean exist and entry
the daily targets under there would be 1.75 mcap then
1.55 mcap as a test
but since we see a weekly set up a daily structure will not be able to reverse or stop this move
this will take time to play out so as far as intraday i can see a bounce back to the prev daily open at 2.439 mcap and if price close above then a finally test at 2.56 mcap
with a move like this "they" can brig enough confidence in the market to trap them on a dead cat bounce and liquidate their positions for a strong selling move. after such a strong sell of the market is extremely fearful so they have to bring dumb money hype back in to get dumb money comfortable and greedy to take high risk trades and trick them to think that the buttom was in .
the longer it takes for price to recover the better as time maturation will allow new money to come in on top of the hype of ending sell off.
once enough greed is in the market and retail is thinking the worse is over that is the perfect time to leave them lost and dumbfounded. remember smart is always doing the opposite of retail so if the majority consensus.
im expecting the entire market cap to crash to 1.269 mcap
key takes 1w jefe bear has formed indicating a sell top is in
1w low ran the open candle meaning prce want lower targets at 1.829 mcap next
we can see a test/ bounce back to a 2.374 mcap as that would be a 50 ine fib level
the 3d low ran under the open for showing profit booking has taken place but also ran under more then i would like
the 1d low came in at an 1d open but no balance this means lower prices is wanted
after such a strong selling pressure price will want to come back to a balance bc it is the most liquid area which allows for clean exist and entry
the daily targets under there would be 1.75 mcap then
1.55 mcap as a test
but since we see a weekly set up a daily structure will not be able to reverse or stop this move
this will take time to play out so as far as intraday i can see a bounce back to the prev daily open at 2.439 mcap and if price close above then a finally test at 2.56 mcap
with a move like this "they" can brig enough confidence in the market to trap them on a dead cat bounce and liquidate their positions for a strong selling move. after such a strong sell of the market is extremely fearful so they have to bring dumb money hype back in to get dumb money comfortable and greedy to take high risk trades and trick them to think that the buttom was in .
the longer it takes for price to recover the better as time maturation will allow new money to come in on top of the hype of ending sell off.
once enough greed is in the market and retail is thinking the worse is over that is the perfect time to leave them lost and dumbfounded. remember smart is always doing the opposite of retail so if the majority consensus.