KondrackiKarl
Long

Bitcoin Launch Pad moving into place at ~$5400?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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

Jan 05
Comment: Fib retracement levels based on scale
Linear: ~$5400 for the 78.6%
Logarithmic: ~$5500 for the 61.8% (Golden Pocket)


Jan 05
Comment: Estimating a descending weekly range

Jan 05
Comment: Probably going to drop faster then I anticipated
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