BTC -30% price correction incoming
2024-12-18
Category: None

Hello dear followers. While the media is trying to FOMO people about BTC price getting higher and higher and that Altcoins season has started. I see different signals in the graphs. Both BTC and altcoins are heading towards a price correction of -30%.

BTC is currently at the end of an Elliot wave 5 which is usually followed by a corrective abc wave. First wave a could be a correction of -30%. 

Always around Christmas and New Year there is a price correction also during bull markets this type of corrections are common. 

For the Long term BTC is moving in a cup and handle with a price target of $120.000, but on the 1H, 4H and 1D grapsh I see BTC price moving in a bearish rising wedge which is usually followed by a correction all the way back to where the price increase started.

So please be carefull and don't FOMO into crypto right now.