Yes, those are the channels MA talks about and what annoys me about him. These are not some new discovery or magical secret. There are ascending, descending and horizontal (support and resistance) Channels. From what I understand some traders make a living trading Horizontal Channels, Buy at support and sell at resistance and /or short resistance and buy back at support. I was never able to achieve that myself, different skillset. As to the 60k the yellow channel shows 2041 but the red shows 2027. But as I stated before the red steeper channel may not be sustained. But, I guess if it continues along that red channel, you could ride it up and when it breaks you can run for the exit.  , hopefully before everyone else. Unless the yellow channel has a blow off in 2032 that channel shows 2041 for 60k.

Just a point about charts, as was told to me, "Charts are a graphical representation of human behavior".