If this Corona Virus doesn't completely mess up the markets (it already does though) then we should expect the fifth EW to come soon. However, with BTC crashing to sub-6k levels for the first time since last year and dragging the rest of the market down with it, we may not see the 5th EW forming quite as expected, so this scenario here may not really play out. It has the potential to do so, but we must not overlook the effect of external factors such as world economies being in lockdown for a while...
Comment:
Seems it's taking a slightly longer timeframe than I anticipated but it's still going in the direction I expected..
