Should crypto traders use Elliott wave analysis?

Should crypto traders be considering the application of Elliott wave analysis in their trading strategies? This method, rooted in the idea that market prices move in discernible patterns, has gained popularity among traditional financial traders. But with the unique volatility and unpredictable nature of the cryptocurrency market, does it still hold relevance? How can traders adapt the principles of Elliott wave analysis to the fast-paced world of digital assets, and what potential benefits or drawbacks might it present? Is there a way to balance this theoretical approach with more practical, data-driven strategies?