[BTC] Our Pennant/FW Proved VERY Bullish! RSI Has Running Room
We knew BTC had a big decision to make, now we know the answer!
The Pennant/FW double breakout seems to have given this breakout extra power.
Very likely we'll test the nearby 24.8 trend fractal now especially with RSI running room but seems we're nearing some semblance of a peak.
If we reject, we may be heading back down to 22. If we breakthrough and continue seeing these bullish breakout structures we could be set to go to 28.7 where there is much higher likelihood of strong rejection.
OG Idea:
![[BTC] PENNANT + FW Chimera... BIG Decision SOON!](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
The Pennant/FW double breakout seems to have given this breakout extra power.
Very likely we'll test the nearby 24.8 trend fractal now especially with RSI running room but seems we're nearing some semblance of a peak.
If we reject, we may be heading back down to 22. If we breakthrough and continue seeing these bullish breakout structures we could be set to go to 28.7 where there is much higher likelihood of strong rejection.
OG Idea:
![[BTC] PENNANT + FW Chimera... BIG Decision SOON!](https://s3.tradingview.com/l/L0v1YzZy_big.png)
Comment:
Here's the zones we're lookin at here...
Comment:
Ooooh... another bullish pennant...
Data analyst with a passion for best fit lines B)
