I share the correction percentage, I am being optimistic here but I see it between 80-85. different analyses yield similar results
Kaizen 2414
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Be very careful with this possibility for bitcoin We are still far away and must lose the daily MA of 50, but as the days go by it becomes more likely. A drop in the coming days towards $80000 would close the GAP and capture all the liquidity from the trend line, so we could then push ourselves up with more strength above $100000. Let's see 👀 $BTC
The "corrections" are nothing more than liquidity catchers to push the price to other levels.
At this point, we have two options: either seek that liquidity at lower points ("area marked in green") or, if there is a lot of strength, accumulate liquidity at the current values.
For now, it is very certain that it has to go seek lower points.
Bitcoin - More blood will follow (Do not buy now, buy here!)🚨🚨
$BTC
Bitcoin is completely manipulated by the banks and huge institutions. They sent Bitcoin down just to make your Christmas and New Year celebrations bad. But luckily I warned you about this crash a few days ago, just before it happened in my previous analysis, when almost everyone was drunk with strong greed. Bitcoin crashed by 15% so far; altcoins are down by 30% to 70%.
The last days were very profitable, but let's focus on the future, because that's the most important. Bitcoin bounced a bit from 92k to 99k, giving players hope that the bottom is in. But do not be fooled, this looks like a corrective move for multiple reasons.
The first reason is that the crash was extremely fast and strong, pretty much no one expected such a drop in the short term. My Elliott Wave analysis suggests that this is a strong impulse wave 12345 and therefore the start of a larger corrective structure ABC. We have finished wave A, now we are in wave B, and we can expect wave C to finish at around 85k! You want to take a Fibonacci extension, as you can see on my chart.
I strongly recommend waiting for 85k because we have an unfilled FVGAP on the daily chart, and this needs to be tested. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss. I share my trades privately. Thank you, and I wish you successful trades!
If this coincides with high asset prices, it usually leads to a healthy correction, liquidating leveraged longs and capturing new liquidity that serves as fuel for the start of the "rally"
morpids
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Bullish
$BTC for those who have been in the game for a while, how does the market usually behave during this time, I mean, Christmas and New Year?