BTC Trading Channel

Updated
This is the channel I identified the other day and today it reached the bottom. I predict a top of BTC at 18k on 1/16 assuming this channel remains valid.
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Alright so this SK FUD put a dent in the channel but we're getting back on track... may delay the target by a day or so. Let me know your thoughts or feedback!
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AlanMasters, the only trader that has gained my confidence, has now identified this channel as well.

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Alright well SK fake news didn't help but BTC has been struggling to stay in this channel for some time now. I think it may be safe to ascribe to the Elliot Wave Theory, assuming I and others are applying it correctly, along with a Fibonacci Retracement.

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Parallel Channel

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