Bearish seahorse transforming into a dragon
This is a sequel to my previous idea.
As we predicted, BTC substantially formed a bearish seahorse pattern, which induced a sharp drop already matching a roughly 1.5 BC extension from point D.
I expect a bearish dragon follows next.
The target is 0.786 retracement from the top to the "tail" (point X) of the sea horse, which is approximately the 21200-21250 zone where we would see a confluence with POC.
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