Quote from: afbitcoins on May 04, 2017, 05:05:11 PM

Bitcoin going 'parabolic' has been happening for over a year, maybe 2 years. It looks like a straight line on a log price scale.

I think bitcoin is reaching a danger zone. Top of this channel marked by an Andrews pitchfork only been breached a couple of times followed by steep corrections.

Bullish scenario, bitcoin breaks up above the channel and goes hyperbolic in full on bubble mode, god knows how high, ending with full on epic crash.
Bearish scenario, bitcoin corrects down a few hundred dollars and continues its merry path along this channel.

ps Give Afrikoin a break. I also know how hard it is putting your predictions out there. No-one knows the future. If its so easy make your own threads.

Nice chart, I'm looking at pretty much the same things as you. The RSI divergence is there, but for now, it hasn't locked in. For all we know we might have another 3 weeks of rally which would then erase the div.

My question is, how do you expect this bullish period to end? First a break above the channel + hyperbolic move (which could be now or in a few months time, after yet another correction), or just failure at the top of the channel, retrace to the bottom and break down after a few more weeks/months of sideways?

Cheers!