Wave 4 cannot be below the height of wave 1, you need to start your wave count over.
scaramucci
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@pacsdude, I had initially rejected this count because of that, but I came back to it after thiinking long and hard. The thing, this isn't an exact science. If we accept that a 99.999% retracement for wave 4 is possible, then we also need to accept the possibility that in some cases, it might be possible that there be a slight overlap. In this case, we're talking about a less than 2% overlap in relation to the length of waves 1 to 3. Not insignificant, but considering the volatility in the crypto market, pretty close to insignificant. Another thing is that it was following the Bitcoin, which it outperformed in it's downward move for wave 4. When I do the same count with BTC, the fourth wave arrives well over the first. For these reasons, I think we shouldn't be too quick to reject this count.