Bullish Pennant forming since the beginning of Q1 2017 with the Q4 2017 bull run overlaid as a loose future projection, which looks good based on how it plays with the Fibonacci retrace/horizontal supports from the previous two quarters.
Notes:
Notes:
- Price is still above Log support from Mid 2015.
- A previous bullish pennant can be seen playing out over a similar time frame in Mid 2016 (shown on the chart).
- The future projection is only to show a general direction and that if BTC did go that way, it wouldn't be unreasonable for price action to continue playing off these same fib-retracements just as it has for the previous two quarters.