I was always turned away from Elliott Wave Theory by other crypto analysts and traders, but after reading the "personalities" and psychology behind each wave, and saw how well the targets matched up with BTCUSD recently, that I am increasingly convinced that Bitcoin is in wave 3 and is trying to decide if the wave will extend, or complete and retrace.
If wave 3 does complete around current levels, an extended wave 5 is expected instead. This is the idea I am following, along with the math and psychology to back it all up.