Update: BTC Scalping short trading opportunity
This is a sequel to my previous idea.
The diagonal triangle's unexpected, extended wave 5 (possibly an expanding diagonal) morphed the bearish white swan into a bearish anti-butterfly.
The basic strategy stays the same, but the basis for calculus would be slightly different.
Target is unchanged anyway.
If this breakout forms wave 5 of the impulse, a drop to the 22400 zone or below is likely, but some reversal is expected at FE 1.618 (23051), 2(22999), and 2.618 (22905), at each of which the price crosses a pitchfork's channel line.
This running flat scenario is invalidated above the high of A (23217), but another bearish scenario will likely develop under an expanded flat.
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