Elliott Wave Theory can be a powerful tool for analyzing cryptocurrency markets. Start by identifying the five-wave impulse pattern: three upward waves (1, 3, 5) separated by two corrective waves (2, 4), followed by a three-wave correction (A, B, C). In crypto, apply this to price charts—e.g., Bitcoin’s daily or hourly data—to spot trends. Wave 1 marks the initial surge, Wave 2 a pullback, Wave 3 the strongest rally, Wave 4 a consolidation, and Wave 5 the final push before correction. Use Fibonacci retracement to predict wave targets, like 61.8% for Wave 3. Crypto’s volatility demands flexibility—confirm patterns with volume and sentiment on X or web data. Mastering this helps traders anticipate reversals and ride momentum effectively.