Wave's are fractals which means the five wave impulse breaks down into smaller 5 waves at wave 1,3,and 5, so you literally can see when a major bull market is ending and turns into bull market. Or, you can trade the 5m. fractals if you are a day trader. You just trade the waves appropriate to your timeframe that you prefer. Those that traded ETH with me, know I got out around $16 (a little late) because it had confirmed a 'bear market' and thus avoided the move to $5.92. I forget exactly where I got into ETH, but started longs around 9 or $10. I'd have to look. Point is Elliot Wave should still be useful to you.
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If you want to see a view of a long term fractal and a short term fractal in play, see my ETC post just made. We have the i-ii waves in place on the hourly chart but are in the 5th of a larger third wave on the daily timeframe.