BTCUSD short term - ABCDE correction in progress?

BTCUSD might channel up and down a couple more times, didn't look like a large enough a correction as an ABC after the strong wave 1 impulse from 7.8k.

A more prolonged flat channel might be the answer.

If it plays out, larger wave 3 should be in play next taking us higher.

Komen:

Invalidated.

Looks like it was a smaller ABCDE triangle correction that finished at $10,400

Next impulse was already underway when I posted original idea