total crypto market cap just tagged the 100% extension for this massive zig-zag.
is that all the blood we're going to see in the short term?
possibly.
if 100% extension successfully holds, we will see a mean retracement of this move, before further downside.
---
if it happens to get below it \ flip it into resistance, we could potentially enter into capitulation territory;
where the titanic would simply sink, and it would take everyone with it who didn't bring a life jacket.
---
stop loss is your lifejacket in this market, be careful out there my peoples.
is that all the blood we're going to see in the short term?
possibly.
if 100% extension successfully holds, we will see a mean retracement of this move, before further downside.
---
if it happens to get below it \ flip it into resistance, we could potentially enter into capitulation territory;
where the titanic would simply sink, and it would take everyone with it who didn't bring a life jacket.
---
stop loss is your lifejacket in this market, be careful out there my peoples.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.