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

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.