What wave did we just finish?

Okay, almost every Elliott wave I've seen had us finished 5 waves up, and now on a corrective ABC wave. I now believe we have NOT finished 5 waves up, but only 3 waves up, and we just finished wave 4 down.

However, this "wave 4" looks ugly any which way you draw it.

Clearly we had an ABCDE pattern at the end, which I understand can occur in place of a 12345. So instead of a subwave C going down, which would have normally been a 12345 pattern, it was replaced by an ABCDE pattern. This is IMO, a very bullish sign. Instead of correcting to the proper level of 8100ish, the bulls refused and forced the price sideways instead. This has happened earlier on the way up to $9700 around the $8200 area: everyone expected it to correct down, but instead the corrective wave went sideways, confusing a lot of people. Wave 2 only corrected between 0.236 and 0.382 fib levels which happens about 15% of the time; if we just finished wave 4, wave 4 ALSO corrected between 0.236 and 0.382!!!)

The alternative way to see this, which I am less inclined to believe, is that $8650 was the start of subwave B, and we are still on subwave B which will go back down to start subwave C around $9600. I am less inclined to believe this because it is neither here nor there. We can't just willy-nilly draw Elliott waves to suit the price movement. The Elliott wave looks a certain way because it represents market sentiment. Is the market sentiment bullish, bearish or neutral?

I believe that in an extremely bullish market, downward waves are shorter or sideways, and corrective subwaves (within the downward wave) are also shorter or sideways (the overall downward wave is made to be as short as possible price-wise). In a bearish market, downward waves are longer and corrective subwaves (within the downward wave) are also longer (the downward wave is made to be as long as possible price-wise). I think a neutral market would show a downward wave that would be rather flat and extended over time.

However if we are still on subwave B, that would mean a very very big subwave B, which is highly unusual. Subwave B in an ABC is supposed to be a shorter wave, and a short reprieve from the downward trend. It doesn't make sense for it to be the largest wave. It is not impossible by Elliott wave rules, but it's hard to explain properly in terms of the market trend. A neutral market might make a sideways ABC pattern, but the waves would not be very large like we are seeing with wave A and supposedly wave B.

That's why when I look to examine "which wave are we on" when it looks confusing is to look at OTHER market indicators, like OBV, RSI and MACD to determine whether a market is bullish or bearish. It is clearly very bullish still, the 4 HR OBV looks very bullish (normally would start to flatten or trend down in a big correction, but is going up like we are in an uptrend), so I can only conclude that we finished wave 4, and are on wave 5. Also look at the performance of alt-coins which continues to be bullish. Look at the 4HR MACD - that is curling up, and will touch soon which will start a massive spike for wave 5.