I love the guy but i was starting to notice/think the same thing. Some of the "bullish" triangles he kept pointing out were just "3 desending peak" patterns.
Also, you are right about these 5th wave. A ton of these coins were at the end of their 5th wave and nothing of this was mentioned either.
Ive actually picked a few undeveloped coins myself and came out with some gains. Hes been right on the undeveloped coins but so-so with the bigger developed coins. Hes been completely wrong with BTC/XVG for over a month now.