BTC 1H Elliott Wave Forming

17 Haz 2021

Elliott wave appears to be formed on this rising wedge on the hourly chart. I'd expect a bounce off resistance at the shown level back into an A/B/C Elliott correction, but if we clear the target area, there's really no resistance until 48-50k.

I'm watching for invalidation of this by dropping below the bottom trendline in the next few hours. Breakout fakeout is possible here.