Potential double or triple zigzag
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.
