ETH Elliott Wave Theory? The beginning of cycle 2

POLONIEX:ETHBTC   Ethereum / Bitcoin
If this is true, then we've only just seen the beginning of the bull run.
The corrective wave should be over, and cycle 2 has just begun.

What do you guys think?
Comment: I didn't even think about this before, but (3) is August 1.
ETH should rise as a result of the fork, but that means bitcoin should also rise which coincides with my long here:

Maybe the fork won't be so bad for the bitcoin price after all
Keeping ethereums hunger for scaling in mind, Best TA I've seen this evening. A bit beyond my skill at this point so I closed my long and will watch this one. Nice job
BitzGvng HyperEnergy
@HyperEnergy, thank you! Please consider following me if you like my charts :)
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