BTC channel and probable correction limits

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.

Given that BTC reached a "probable" dynamic roof, this could lead to a correction in the price and later keep on on the bull run. Nevertheless this could be a not so small correction.

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

Kommentera:

I didn't mention a timeframe for this correction because I don't know, I'm just pointing this top limit as a bounce effect.