Elliott Waves in the channel on $BTC showing the way?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Just learned a bit more about elliott waves and applied this to BTC including a possible way this may be going. I took the trend channel range and looked for possible support marks as turn around points, knowing that this is highly speculative.

Please note that I lowered the huge support/trend line a little bit way south against my previous ideas based on a more precise candle stick low (around Feb 06/2018).

I've been told that elliott waves are more reliable and whale action resistant than several other indicators. Following my own research there is a good chance that this is true.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out