Kept it pretty simple, (I know my waves numbering is way wrong, I haven't watched all the YouTube videos yet lol), anyway I used Fibonacci and basic Elliot wave patterns to project a full impulse wave on the Daily. Lets see if BTC can run it up to $92250, wick out and find support around 69K with a final move breaking 12500K.
Currently sitting at 2.618 level, support wicked down to the 1.618 area during the correction wave, we have pushed through the 3.618 and we hit .618 within a FIB going down from the 4 to 3.618 zone. pretty cool to see that extra FIB layer. so I applied that to the 6 and 5.618 to get Wave 3 wick and a correction wave down to the 4.618 zone anddd then pow a final tap across the 8.618 zone to complete wave 5.
I think you are using too large of a time frame. What makes you think wave 5 of current impulse will not be truncated like your 2016-2020 wave count? Im not super well versed in EW theory so asking to learn more.
chuckery
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@jryan20, You actually bring up a question I had thought, in what time frames can we see the waves and fractals in? I have not studied the relationship between EWs and time.