17.15-17.25K for short entry

Morning folks,

So, downside action was even sharper than we thought, BTC collapsed without any H&S shape. Now it stands at local support area. We do not consider any long positions by far. For short entry 17.15-17.25 K-resistance area (and former trend line) looks interesting.

Alternatively, if, still, it will be the H&S of a bit larger scale, BTC could climb to 17.40-17.45K to form the right arm, but it doesn't break the context. So, whatever scenario you will choose and if you want to sell - it would be better to place initial stop above 17.5K for some case, or even slightly higher...