Looking at the Elliot Impulses from the 2017 bull market start using 1.9 worked well to find the 5th wave extension target once wave 4 was identified.
This is different from the usual target of around 1.25 to 1.618 max in a regular choppy market.
1.8 to 2.0 is a good region but it seems like 1.9 is a decent average.
Things are starting to gets a little crazy and if you feel the need to short (bad idea right now IMO) then at least wait for a much higher target because during crypto bull phases the 5th wave is almost always an extended 5th and this is what causes bears to get rekt over and over since they can't get out of the usual 1.618 mentality.
This is different from the usual target of around 1.25 to 1.618 max in a regular choppy market.
1.8 to 2.0 is a good region but it seems like 1.9 is a decent average.
Things are starting to gets a little crazy and if you feel the need to short (bad idea right now IMO) then at least wait for a much higher target because during crypto bull phases the 5th wave is almost always an extended 5th and this is what causes bears to get rekt over and over since they can't get out of the usual 1.618 mentality.
