I'm following this idea since a few weeks. The orange pattern is the crash cycle pattern we had after the intense Mt.Gox rally in 2013. If history does repeat itself, we can expect targets betweek 9 and 11k USD.
The alternative might be that the current breakout won't become that high and it bounces off the trendline in the higher 7000s. I've checked against other past Bitcoin rallies, and the 4th correction after the blow off top isn't always higher than the third one.