Bulllish (possible) alert on BTCUSD - Bitfinex.

As a newcomer to Elliot, my correction pattern might be off. If it isn't, I've calculated:
1) Fib retracement at historic bounce off level.
2) Second downward wedge (in orange) signaling a bullish breakout.
3) Support from the past two years acting like the end of the triple Elliot correction wave.

Kommentar:

We broke out of the wedge earlier than expected which leads me to three different scenarios:

i. On the (X) to (Y), we just finished A, making this bounce B, which leaves C for some future shorting.
ii. We truncated C in the golden pocket of the fib on my image, this is now Wave 1 of our new rally.
iii. Bull trap! (highly inprobable, given that we've surpassed yesterday's volume already and it's only noon UTC time).

Right now my new wedge is our months-old support and the 13 MA on a daily chart -- if we confirm above that MA, then I think we have a chance at 10-12K.