Elliott Waves

Does technical analysis of charts work for trading and predicting cryptocurrency trends?

I’m not a financial advisor or even someone very knowledgeable about the crypto space but I keep hearing about the Elliot Wave Principle and how important it is.

Call me skeptical, but isn’t the cryptomarket extremely volatile? So volatile in fact that predictive techniques used in other markets fail to transfer.

Also the Elliot Wave techniques are from the 1930’s when you go look it up. Isn’t it weird to trust techniques from the 1930’s to become master analysts at cryptocurrency in 2018?

I can be wrong about these things and I haven’t looked deeper but this is my beginners reaction to some of the posts I see floating around about Elliot Wave Principles.