jackrabbitrage

Expanding Diagonal Scenario

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT

Overall, everything is going along with our predictions.
BTC formed a bearish Seahorse, metamorphosing into a bearish Dragon, substantially achieving its target, and then testing one of the parallel channels effective for months.
I presented the idea of forming a triple zigzag with a pitchfork, but the chart also seems different.

If this 21400 level holds, the chart could form an expanding diagonal with the help of a harmonic bullish deep crab (green), up to approx. 22800 area, where the H & S's neckline zone, the pitchfork's Fib 2 level, and the 4H Ichimoku cloud are present.
Suppose the new high fails to establish there. In that case, point (D) will be the final pivot of the expanding diagonal triangle into the 20500-20700 zone, where there is a confluence of many S&R elements (daily cloud, parallel channel, pitchfork, H&S' s Fib 1.618, and significant volume zone).



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