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RE: Sideways Market, not looking good
Right, this is something that has been bothering me and where long term charting experience is missing.
For Alts with wild spiky charts I tend to go with the candle bodies and ignore the wicks. For BTC on a big exchange I try to stay true to the extremes for Elliot and knock them out for triangles and trend-lines. I'm guessing experience on each asset will improve judgement there.
I would comment on your chart though that the aesthetic form of the 5 wave impulse just does not present well and leads me to look for a better looking solution. I guess time will tell.
The aesthetic form is just as much shaped by time as price, and I don't predict time :)
You have wave 3 as shortest price travel.
That doesn't make your bullish impulse wrong of course, just makes me question the completion of the overall form. It seems to be a really awkward count. But I'm convinced we will look back on this and see it clearly for what it is.
Damn, you are right :/
lol ... hate it when that happens