Fibs were placed on swing highs and just the golden pocket fibs are used. Long history of strong retracement/support zone.
Long term trending used to form the bottom of the parallel channel.
Ascending triangles showing a history of a continuation to the upside.
Blue bars copied from 2015-2017 in the parallel channel, before the breakout and parabolic movement.
If the pattern stays true, we will follow along the parallel channel for a while until we get another parabolic breakout. Don't expect a sudden burst to the upside soon; however, we may breakout of the parallel channel more quickly with the adoption of cryptocurrencies in banks/institutions and regulations being currently formed. This breakout will also be about the same time your local, friendly government will make it as simple as possible for the sheep to enter the market.
Comment:
