Broom

$25,000 - elliptical wedge breakout + increasing slope

Long
COINBASE:BTCUSD   Bitcoin
Log scale here. Volatility is decreasing, slope and mania are increasing, but we aren't parabolic yet. If the current curvature of the slope continues we could see $12/31/17 by approximately 12/31/17. It could also go even higher, depending on the sentiment in the market over the coming weeks. Ever since breaking out of the wedge at $8,200, volatility has decreased and slope has become steeper (on a percentage basis).

This is only an extrapolation of the exponential slope we've witnessed thus far, not a prediction or my opinion of what will happen! I wanted to point out is that $25,000 BTC by the end of the year is still in the realm of possibility (though probably not very likely)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.