When I look at BTC 1D, I can see that the handle of the big cup now is forming a butterfly, crab, or bat harmonic pattern.

Here, AC is close to 0.886, so XD is likely to reach 1.27 or 1.618.

It means that I may expect a significant drop in the price of BTC down to 30384 USDT or even lower within the next half a year.

This signal corresponds with the lowest level the handle of the cup can reach, which is almost 2/3 of the depth of the cup.

There will be 2 strong levels in the downward movement, both match with the level of the expected D point of our harmonic patterns. The price may revert at either of them.

Or, I can consider this part to be a dragon pattern turned upside down. In this case, we have a head, and two legs, the last one at a lower level, and the price having crossed the head-to-spine line, which indicates at the downward movement.

So, I can see 2 signals here indicating at a longterm downward movement - the cup handle and an incomplete harmonic pattern which has already formed a completed dragon.

Comments are welcome.