Maybe it's a bit of a busy drawing. But I wanted to show why I think we may be correcting and why this is very healthy for the bull market.
It seems that after the larger correction we have now completed 5 waves and we also have to correct this wave. That is the phase we seem to be in now.
Now I have 2 expected positions where the correction can go. I think that we will not correct very deeply and will therefore not reach 50%, but that we will correct up to fib 618. So possibly just under 90k.
Unfortunately, no Christmas run is expected. But just a super healthy correction that we don't have to worry too much about.
The altcoins also seem to be less willing to participate and we seem to be settling in for the bull run.
Be kind to the world and each other!
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