So a few weeks ago I posted this https://steemit.com/steem/@danlupi/steem-chart-looks-super-interesting-10-dollars-in-about-4-to-5-weeks
Again the current movement confirms we are in a large range that just broke.. The large range is $4.58 to 8 cents. According to Wyckoff u have to look at this range as an accumulation and the length of the horizontal can be tilted vertically.
If we do this we get a target of 16 dollars. I am pretty confident we will hit this in February. I you look at the previous rise of Steem it takes 3 months of up movement. as show in the chart below:
u can see the middle of the chart where the last run occurred around July , it looks very similar to current run.. So we have another month left of up side. but if we break the previous bitcoin price then we could see a much higher move.
As for the chart in usd... if you take the whole base and make it vertical then u get the 16 dollar prices.
