Macro Downtrend Break - BTC held on the 7.8k support and pumped up after forming major bullish divergence on RSI to touch and break the macro downtrend that started at 20k.
Bull Pennant - BTC Held on the .382 fib and is now making a pennant (using the wicks) with bullish divergence on RSI, the target using the flagpole for this first run is the 10k area which coincides with historical resistance.
Comparison With Long Term Fractal - on the weekly chart we are technically still inside the downtrend, but if this bullish scenario plays out then tommorows new weekly candle should break up out of the downtrend , possibly breaking the fractal.
Bull Pennant - BTC Held on the .382 fib and is now making a pennant (using the wicks) with bullish divergence on RSI, the target using the flagpole for this first run is the 10k area which coincides with historical resistance.
Comparison With Long Term Fractal - on the weekly chart we are technically still inside the downtrend, but if this bullish scenario plays out then tommorows new weekly candle should break up out of the downtrend , possibly breaking the fractal.
