First down & then up?

Jun 15, 2021

Looks like we were breaking out upwards but decided to take another pause. We might go straight up from here but I think that we could retrace creating a right shoulder and taking us down to the .5 or .618 levels creating the last shoulder for a massive triangle which should take us back to a 50k BTC.

Jun 21, 2021

Note

Looks like we never came back up to retest the trendline (creating a smaller shoulder which would probably help break upwards). We still technically can but I think it would take more consolidation.