Note circle 1 could be a large expanding .
See the red line that we are just passed? That is the minimum a wave-2 can be when correcting the entire bull market to 1200. Considering that the only possible count that has a complete structure since the ATH ended back around the 50% fibo time point, It wasn't long enough. Halving or not, it is better to just make a complete wave-2 now than not.
Let the down votes rain! I know you people don't like it, but the very fact that the bullishness snapped right back so easily says that wave-2 is not complete. A wave-1 should be full of uncertainty... Thoughts that "this is just another bear market rally!", not euphoria, as the 500 hit had.
If user100000 is right and we're going into a third wave (of Wave III) to $1800 - $4800, that's good enough for me.
If your green count is correct, then Wave II was flat, which means that Wave IV correction will be sharp. Which would make for a very nice multi-year bull run all the way to the promised land (end of Wave V).
All of these outcomes look good to me.