Fib channels for Bitcoin

In previous bear markets, BTCUSD bottomed out in the negative reciprocal fib channels corresponding to the steady build up trends preceding each "vertical" phase of the bull runs. After bottoming, a new set of fib channels carries the price into the next cycle at a less steep angle. Macroscopically this means the price seems to be increasing at a decreasing rate and can be fitted with a log growth curve.