2 main channels have accompanied us since the middle of 2017. The red one and the highest one in blue.
From the end of November 2017 btc -4.41% broke with extreme force the blue channel going up more and more.
Currently btc -4.41% has returned to the main channel, the red one.
I put 2 fibonacci. The main one in black, and the colored one is an extension of it.
From these 4 points:
Now btc -4.41% could retest the red channel, which is a dynamic resistance. If it goes down, it will go into the $ 5400 area (note that in this area there are old supports and a level of fibonacci 0.5).
Otherwise, BTC -4.41% may rise momentarily to touch fibo 0.786, or stop at the resistance (orange line).
If BTC -4.41% falls into the blue channel, before going all-in long I would personally expect mid-March.
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