Bitcoin - Huge drop will continue! Then a new ATH (buy here)

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Bitcoin and mainly altcoins have been pumping in the recent weeks, so the important question is - will this trend continue, or is it over? My Elliott Wave analysis on Bitcoin suggests that we should see a correction to 105,000 USDT before another push to the upside. Why? I see a completed Impulse wave 12345 inside the rising wedge pattern, so this is a pretty bearish combo, to be honest. What's more, September is the worst-performing month for Bitcoin statistically, so that's also a problem. You probably don't want to be speculating on price increases during this period. I recommend buying in October and riding the bullish cycle until December 2025.

Where should we buy BTC? When we take the Fibonacci retracement tool on the whole 12345 impulse wave, we have 105,386 - a strong Fibonacci 0.382 support. In confluence with the previous price action, there is a FVG (Fair Value GAP) between 103,399 and 104,622 on the daily candles. That's a pretty high-probability setup for buying BTC here, so thank me later!

What about alt season? We have seen a pretty strong uptrend on altcoins, but they also need to breathe, so expect a pullback as well. Of course, some altcoins will start pumping pretty much because we are in the alt season, but let's say the major altcoins in the TOP20.

Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!

[Maxwell]

Great TA, thanks for sharing The Fib confluence at 105K looks really strong. Could you do an analysis on Ethereum (ETH) next? Curious how it looks compared to BTC’s setup.

[rafihasan]

Interesting call on the September pullback Makes sense with seasonality. For alt season, can you break down XRP? It’s been consolidating for a while, and I wonder if it’s ready to move once BTC cools off.

[Nahiar806]

Love the patience in this plan. Waiting for the dip instead of chasing pumps is key . Would you mind doing a chart for Cardano (ADA)? Seems like it’s been lagging behind other majors, curious if it’s due for a breakout.

[Nahid10]

Really interesting take on the 105k retracement Makes sense with September seasonality too. Could you do an analysis on Ethereum (ETH)? I’m curious if it will hold up better than BTC during the pullback.

[jacson4]

Great breakdown! Totally agree about altcoins needing to cool off a bit. Can you check Solana (SOL) next? I feel like it’s been leading the pack lately, wondering where the next good entry would be.