Elliot wave analysis of REQ/BTC

breakout above the red downtrend line is the new trend confirmation
wave 3 can extend more than 1:1 but safe target = 1:1
wave 5 can hit 1.618 if wave 3 hits 1:1
wave 5 can hit 2.618 if wave 3 hits 1.618

הערה:

of course everything changes when BTC drops
if BTC fails at 8.4k this might fail