Bitcoin's Fibonacci Channel and the Band Shift to 100k

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC's last bull market can be adequately broken down using the Fibonacci Channel as a Phase Marker.

During 2015 the 0 - 0.236 Fibonacci band was used as a Support.
Similarly in 2016 the 0.236 - 0.5 was the Transition Phase from the Bottom to the start of the new Bull Market, leading to then Bullish Band (0.5 - 0.786). As Bitcoin's historic price action has shown, every such bull market peaks on a Parabolic move (0.786 - 1.414).

Assuming that the 420 day bear cycle has come to an end on a near -85% price loss, then the support band has moved higher by 0.5 Fibonacci points. This should technically shift the other bands higher by a proportional rate (if all fibonacci levels were illustrated on the chart, it would be hard to read).

What's fascinating is where this sequence places the next Parabolic Band. That's within the 1.618 - 2 levels, which on rough estimates translates in a 100000 - 1500000 valuation on the next peak.

By all means this is an analysis based on that specific set of technical tools. Any attempt to tackle this with other technical evidence on the comments section is very welcome.

Other useful material on BTCUSD long term projection:

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One of my favorite charts on TV, if not the favorite one! I visit it at least once a month. Thank you very much for taking the time to make it and share it with the rest of us!
Here is my extended wave analysis on overall market overview

Tks for sharing, and this is my chart
Thank you for your analysis.

We think we are close to a trend reversal. This happens for the first time since Aug 2018.

TradingShot WBM_Team
@WBM_Team, Thanks we are already on the trend reversal !
TradingShot CryptoEngineering
@CryptoEngineering, Looking insanely similar right?
@TradingShot, Exactly.

BTW, Hope we can all see $120,000 . Finger crossed. You did a great analysis.
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