Not that I think many are reading this, but for the couple that might see it....
I gave the "principle" a shot, since everything lined up. I sold a couple of bitcoin and waited for the drop. Alas, in this case, it never came. I waited as long as I could and bought back in at a small loss. The loss was a loss on profits I had already made so no biggie, only a few hundred and as the saying goes, no risk no reward. But still frustrating.
So the big 5th wave never really happened. One could argue a small 5th wave correction did. Had I sold around 4800 and gotten back in around 4200 I would have made a few bucks. But I was not confident enough in the idea of the principle to risk that. HODL'ing.