Harmonic sequences: Cypher or Shark expected
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 don't see any such break in the chart this time.
BTC exhibits immaculate movement of harmonic patterns sequence, which implies how deep and persistent this decline could be.
For the details of this analysis, please look at the related ideas below.
I will write an educational subject to explain the price action pattern shortly.
