BTCUSD - POTENTIAL SHORT-TERM BULLISH TRADE SETUP

BTCUSD is trading at an area that could offer significant support. Breaking decisively out of wave (b)'s corrective price channel give us reason to favor more bullish scenarios, and it should stage a wave (c) advance. Wave (c) should travel at least the same distance as wave (a) and more likely 1.236x that distance - around $11500 area.