I'm still working on this and can't seem to fit it into a wave cycle that conforms to the rules of formation, but it seems like BTC is going through some kind of fractal correction, with each iteration being smaller than its parent.
Will publish new idea and link it in an update here if I can make this all fit together.
I left the fib extensions off but each 3rd wave seems to be right at 1.618 and each smaller fractal seems to end at .236
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