The moving elevator is a circle of elevators circling around, it runs on one cycle.
Depending on how fast you approach it, you can get past it in many different ways.
All footage below is NOT mine except for the "Top Moving Elevator No BitDW Reds",
the original video is trimmed so people don't have to
rewind over and over again
and instead can replay the video, the original video
links are in the description also including those who made the video