This graph represents a parabolic growth pattern of BTC if it continues at it's growth rate over the past 6 years. The concept here is that every time it finds new highs it falls back to level on the fork channel that's one step above the previous market cycle, thus keeping BTC parabolic. This chart shows BTC functioning under an Elliot Impulse wave pattern. If you consider we are in wave 2 of 3, 2018 still has a lot more steam left in it and we could see a new high of 110k by Jan 2019.
This is a simple pattern continuation. I realize the number is high, but that's how the chart lines up. If I'm missing something or exagurating my fork angle please comment below as I'm curious of other opinions in this subject.
This is a simple pattern continuation. I realize the number is high, but that's how the chart lines up. If I'm missing something or exagurating my fork angle please comment below as I'm curious of other opinions in this subject.
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Scenario B:
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I've tried lining up the fork like this, but it just doesn't make sense to me that the linear line would not be startling a major support line during this period. When the fork is set like this we fine the lines are not parallel as well.
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also in the above image you'll notice the major linear growth line never finds a major support line and just floats