Bitcoin Launch Pad moving into place at ~$5400?
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
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
Comment:
Estimating a descending weekly range
Comment:
Probably going to drop faster then I anticipated
Linear: ~$5400 for the 78.6%
Logarithmic: ~$5500 for the 61.8% (Golden Pocket)