It's the 3rd day we're flirting the 55 EMA daily trying to break it upwards. The last time it took BTC around 7 days to test 55 ema for a final break down, so I think any break up will take another few days, which should allow time for correction back to at least the .382 levels.
This will be more "healthy" as an uptrend.... as compare to that "very bullish" scenario. I rather BTC raise up slowly with more support levels than a quick spike up...
Having said that, I measured it's a 1-1 ratio from the bottom 6000 to the current 11300 level - fit exactly forward waves up.... which can be either a 1-2-3 impulse wave up (to break above $12k in its 5th wave) or else all these are just a big zigzag ABC correction upward (the $5K scenario)?
RE: Bitcoin BTC Feb 19 Morning Update Technical Analysis - A Case of Two EW Counts