Just an idea for Elliot wave count. I expect a bounce up to $15-$17 range and then back down for the correction wave. Price is right around the 0.618 Fibonacci Ratio. RSI looks oversold on 4 hour and is approaching oversold on the daily chart as well.
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The bounce to 9.30s showing a bullish pinbar on the weekly chart. I'm keeping my eye on the weekly close to see where the EW stands.
Mmm...we just broke the 200ema, i think that nasty H&S is gonna play out, all the way, to the Monthly S2, 5/6$. BTC dangling on the weekly 20ema , and breaking the monthly S2 didn't exactly helped avert it either. And given that even the S&P looks pretty hungover atm, i don't see where the rally is coming from. I don't see a bottom yet, but i agree, we won't stay there long .