This is a 12 hour chart clearly showing higher lows within a triangular pennant. The 12 hour chart over the 1-Day provides greater detail showing the pattern that has been forming. In chart analysis, it is perfectly acceptable to revise trendlines as emerging experience develops, AS LONG AS your revisions are valid. Revising trend lines to create a biased story...
The descending triangle that some are comparing to occurred after a massive move to the DOWNside. This apparent potential descending triangle is occurring after a massive move to the upside at the start of a bull market. It's a flag, a very LARGE bull flag.
Dominance has been increasing, while MACD & RSI have been showing negative divergences