BTC looks to be in a support zone now

Looking at the H1 charts we are seeing btc attempting to break out the current downtrend channel for the 3rd time. There is a good possibility this time around as bears are loosing momentum seen on the MACD. The price we look to to break out from is $8400

Not a big fan nor an expert of Elliott Waves but putting the $BTCUSD chart upside down, this looks like a pretty nice EW count by the book.
Look btc 1W and 1D still look bearish today. The 4hr however looks to be reversing.

divergence on the RSI. Low was right inside the 2 key fib levels. A break above the ema circled would make a higher high and would make all 3 timelines bullish imo...

A wave extended further than my original projection so that was adjusted
B wave is still the same target between ($8400-$8550)

Don't be in a hurry to comment, I will read all of your comments later and then upvote the best. 😍