Bitcoin Bullish ( Pennant )

With the closing of the last weekly candle , this is confirmation of a bullish close.

The pennant in yellow has not only been broken but the retest after the breakout has been bullish as well with the next confirmation being a broken 0.618 fibo level.

Weekly MACD has started showing a lighter shade of red signifying lesser selling power , based on my gut instincts , the MACD lines are going to cross in the positive zone upwards. Close monitoring of daily MACD is confirming this.

Target ? break of 1.0 fibo level and landing on 1.618 level.