Bearish seahorse transforming into a dragon

6 Şub 2023

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.