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Potential double or triple zigzag

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Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Harmonic Patterns Elliott Wave Pitchforks doublezigzag triplezigzag ichimokuclod parallelchannels Contains image
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harmonicpatterns elliottwaves pitchfork doublezigzag triplezigzag ichimokuclod parallelchannels containsimage

BTC got rejected at 4H Ichimoku cloud, and the bearish dragon pattern is still valid. With its cleanest theoretical target being a .786 retracement of XC, the prescribed bearish movement is likely if the price fails to mark a new high.

Considering parallel channels serving as S & R for months, a WXY formation (double zigzag) would be a candidate movement.

Even a WXYXZ move (triple zigzag) could be possible if an H&S pattern forms.

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Penafian

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