Instead of currently being in a bullish trend at the base of the second shoulder Bitcoin could already have formed that second "shoulder" and now bounced off the support line and undergo a massive correction down the 25k support line.
I personally still believe that like explained in my previous post, we are currently like I said at the "base" of the second...
EUR/CHF started its last impulse at 1.07400 and correctly completed at 1.11516 on the 1 hour timeframe, using Fibonacci, then the correction began.
This formed a symmetric triangle which it's retest in turn formed a parallels channel to the base of the symmetrical triangle.
I think right now it has began it's journey to retest the level where the impulse broke...
I noticed this ascending triangle and thought it would be a great opportunity for an easy 25 pips or so. I believe the market will break out above the resistance line and ascend toward the previous structure high that falls around the 1.618 extension of the first leg of the triangle. i have place my buy in just above the resistance level, my limit at the 1.618...
