Quick summary of the most recent move down.

Ok so most Alts have dipped enough to touch some major resistance levels or bottoms of their respective zigzag channels. All of them held and didn't touch .618 but some came close and dipped just under .5 which may or may not be concerning. If we stop here then we will be fine but if we continue or have another dipper retracement from this point on and invalidation of waves 4 this will get ugly and open doors to a lot more bearish scenarios. BTC barely dipped 15% which is great and respectable pull back and dip enough to satisfy minimum wave 4 requirements. Alts did a lot worst but still within ranges they are allowed to be in. The OG of Alts like ETH dipped 25%, SOL and XRP 34%, rest of the Alts are between 40% to even 65% on some of the meme coins like Bonk and WIF. Next few days will show if this is it or if we are going to get into an issue.

We could just get a nice Flat from here, which is the most common correction pattern, with this move down as the largest dip in wave A, Regular flat or running flat and that would make all of the dips final at these levels while giving all coins time to consolidate and accumulate over next 2-3 weeks. We would be in great shape for another great move upwards in the middle of January which historically is very very likely. IF we get an expending flat or a zig zag from here it will be fine for BTC still but many of the Alts could be in trouble of larger correction. If BTC gets a crazy price increase in mid of January, then the larger pull back for Alts can become just another 1,2 up with bigger dip and set them up for Altseason like nothing else. So we have to watch and see what BTC does in next 2-3weeks and it makes sense it will range during holiday season.

Everything happened faster this time around. New ATH happened before halving which is unheard off. So there are two options on the table. We end the bull run faster then before or we have the most insane bull run with extra year left for additional price appreciation after we already reached ATHs, which would allow for actual Alts season to happen since its missing so far in this bull run. All I'm saying it that every single bull run started and ended in the 60 day window between Nov 15 and Jan 15 which we are in right at this moment. Just go back to all the bull runs and their tops you will confirm. This is a very very uncertain time for sure and it could go one way or the other. No one really knows and that is why its so impossible to call the top. Its always 50/50 at this point in the game. Well maybe 60/40 or a even higher for the continuation of the bull run since we have no invalidation of that as of yet.