Can BTCUSD continue to rise? Updated.

I am very new to TA. Any information should be for educational use only.

This is an update to an idea I posted last night. I have adjusted the a-b-c wave. The (a) is now extended lower. I have also adjusted the angles of the of rays a-b and b-c. I have also drawn in what could be the forming of a head and shoulders .

It looks like currently we are fighting between the 200 EMA in black and the 10 EMA in pink. Hopefully we keep the 200 as support and break through the 10. I would like to see a break above the 10 EMA and to turn it into support. Really only time will tell how this will play out.

I am hoping to get some feed back on the Elliot wave . Can anyone confirm that the the waves are drawn in such a way that they could be valid? I am a little confused on the exact rules that the a-b-c waves should follow.
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