If Elliott Wave analysis worked, the creator of Elliott Wave would be a billionaire from trading profits, and not made almost all his money from selling books.
So save yourself the trouble of all that scientific analysis.
A better analysis would be studying his precision gaming of the Steemit system, which is outstanding in its craftiness. But if you're going to do him, you should do ALL the whales who've been on the system since 2016 bc most of them have gotten majority of gains from acceleration of Steem price combined with having most followers due to time in service.
The only real question is, will Steem be able to improve as a semi-decentralized organization, or will it die bc it becomes nothing but a game only the old and gamey can win? THAT is the more interesting question, and probably best answered by witnesses.
You make a good point. But I think I've probably painted a big enough target on my back for now.