Bitcoin / TetherUS

BTC pattern replication

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BTC channel updated with added found pattern

It looks like there is an imminent correction before the next BTC bull run

So this points to a SHORT before the LONG

Target date points to mid January and price could be around 43k

MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.

Just sharing my personal charts for learning purposes only. This is not an investment recommendation.

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