BITCOIN Another reason why this wave targets $22000.

This is a quick weekend update on BTC and why I believe it still has some room to grow before it takes a breather. I have already showed why I have 22k in mind as a temporary top on my recent study on the 4H time-frame (see the chart at the end), focusing on the Fibonacci Channel. The current short update is on the 1W time-frame and uses the long-term historic Parabolic Growth Channel as its base.

As you see it is already 1 month since the current bullish wave broke above the Growth Channel. In Bitcoin's history, every time it crossed this barrier, the price rose at least +90% (the others from lowest to highest were approximately 145%, 590%, 1000%, 1600% and 1920%). Assuming BTC follows the lowest of those, the +90% from the break-out is a little over $22000. On top of that, the RSI is approaching the 90.500 Resistance that was set on June 2017.

Are you selling before or after 22k?

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Recent $22000 study on 4H: