The red parabola seems to fit the current healthy bull trend. A one-week pennant was completed on Christmas. The market is going up in a way that displays a buying program by strong hands -- that is, not aggressive bids, but market action where all offers are just immediately hit. The black line under the red line is the current parabolic advance on the weekly chart originating at the Dec 2018 low.
i will stick to your forecast. Super Bitcoin cycle.
axistrader
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That bounce off your parabola it just did was remarkable. Jan. 10th, 2021, 34.3k.
BobbyZilliox
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Can we get an updated chart?
cosmicjim
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Really nice, elegant analysis. Thanks, Peter!
MaPaC
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4th of Jan was on the money. Great analysis! For anybody interested - this is the formula of the curve, with X being the day of the year (eg 5th Jan = 5) :
BTC minimum Value at day X of 2021 = 30824050000+(26636.44-30824050000)/(1+(X/11223.95)^2.196426)..this would mean 100k by end of month - lets see how long it lasts