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MFFD
Oct 12, 2023 1:46 PM

Bitcoin ABC pattern 

Bitcoin / U. S. DollarKraken

Description

On the monthly level Bitcoin just dived under the 13 EMA again.

And stays 'caught' between the 22 and 55 MA ... ever tightening, beautiful.

I'm looking this Elliot Wave ABC pattern , which I drew some weeks ago ... and until now it's playing out quite nicely.

Target is around 23 K ... to trap all the Bears ;)

Once we close above the 55 MA on the monthly it's of to the races imho.
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