The core of Channel ABC is to find out the last active wave, and follow the trend if it is not t reversal pattern. In this case, Btcusd broke the purple trend line already, and retese the top with CLEAR RIS DIV.
The blue trend line is a long term ascending trend line, that for our short trade target. And the top ABC REVERSAL WAVE is modified as a five wave to help to recognize trade settting .