I think it's in bitcoin's favor for another moment or two here. I'm new to both Elliot wave and pitchforks so don't trade off of this chart.
Take a look at the last year and a half
Weekly back to 2016
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update on the market 4h
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This doesn't fit a normal A-B-C pattern as I understand it (just brushing the surface of Elliot wave). I think the trend and resistant lines are more accurate at this point.