Bitcoin is respecting the trendline while also validating the elliot structure.
The fib based trend extension .5 lands at the 1.618 fib retracement level
when the 5th wave reaches the 1.618 it is a completed elliot pattern
if you pull the length of wave 3 to the beginning of wave 5 it will
rest at the resistance line created by the previous ath which is
also the golden pocket created by the fib based trend ext
in conclusion all looks well here aslong as we dont candle
close below 53k, if we do its bck to the drawing board
because tht will invalidate the elliot structure
The fib based trend extension .5 lands at the 1.618 fib retracement level
when the 5th wave reaches the 1.618 it is a completed elliot pattern
if you pull the length of wave 3 to the beginning of wave 5 it will
rest at the resistance line created by the previous ath which is
also the golden pocket created by the fib based trend ext
in conclusion all looks well here aslong as we dont candle
close below 53k, if we do its bck to the drawing board
because tht will invalidate the elliot structure