Ah yes Elliot and text ... tricky. I'm going to attempt to put up a chart but I'm currently looking at spaghetti and no option to fix it right now.

I should have been more specific in that looking o for the bottom of wave C correction there is a possibility to fit to the preexisting channel support (but no space to fit the final 5 wave impulse.

If that was to work the ABC of wave 4 must aggressively extend up to allow for that space.
The result is not as I implied a "short 5" but a wave 5 that starts higher(close to crossing 1) and results in a lesser extension below the 3

Thus fitting nicely into my preconceived idea that BTC should do what I tell it and never the reverse. :)

Maybe we are just going to make that channel a bit wider.

The problem there is that for wave 4 to be that aggressive it will look bullish and impulsive, the ABC will look like 123-4- oh where did 5 ... down we go?
I'd guess the giveaway would be
A&C of ABC should be equal ?
but 3 of an impulse is longer than 1.

So even now I'm still expecting that EMA150 to have a candle end planted quite a bit closer than it is now. RSI on the daily bottom and a big old 5 waves down as I resume hitting the buy button. I just really didn't like the look of it as it left the gates @9200 .. short term ... oops

OR quite the epic triangle is forming into February ............