BTC tried the Gann Square's arc and stagnated there for a while - the chart is developing precisely as we predicted .
After the black swan summons the dragon, a cypher (.786) or a shark (.886) pattern is expected next.
Usually, the chart rebounds approximately between 0.5 and 0.618, even when the consecutive pattern formation isn't inhibited.
However, we...
BTC has been rejected at the apparent resistance of the 25200 zone.
Gann Square, as applied, also implies that the buy-side liquidity above is hard to reach.
Moreover, a harmonic black swan pattern (black) has formed, which would trigger another potential bearish harmonic pattern - a dragon (red).
The bearish dragon's target would be 0.618 (20104) -0.786...
The price is overextended in the oscillators. Price is also reaching into the upper Bollinger bands (not shown on this chart). The bearish black swan is icing on the cake. Wait for day pullback and go short if it looks like there is momentum. Follow the 45 degree trend line to profits and adjust stops as necessary just above the 45 degree trend line.
