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KondrackiKarl
4 jan 2020 18:58

Bitcoin Launch Pad moving into place at ~$5400? Lång

Bitcoin / United States DollarCoinbase

Beskrivning

Looks like Bitcoin is preparing to make its final drop to $5400
which is the 78.6% retracement from 3k to $14000
setting up a nice launch pad to send us to new all time highs!
We could break through the channel with force or maybe see slight resistance dragging us along 5500ish
but as soon as we break the channel after bouncing from $5400 we will see the new impulse send us to the moon!

This image actually turned out right. Not sure why main image shifted

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Fib retracement levels based on scale
Linear: ~$5400 for the 78.6%
Logarithmic: ~$5500 for the 61.8% (Golden Pocket)


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Estimating a descending weekly range

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Probably going to drop faster then I anticipated
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