bullish pennant on CME BTC futures, impending breakout

CME's front month Bitcoin Futures are poised for a bullish breakout and steep positive movement. After a downtrend, the futures have consolidated and started to form a pennant shape, which indicates that there will be a breakout and then a substantial up-move. The pennant has been formed with a series of retested resistance on top of the candles and sequential tests of the lower support. Pennants are particularly poignant technical analyses for the BTC, as they are more suited to shorter time intervals, like this examination. The impending breakout will occur near the apex of the triangle, but usually in pennant patterns the apex is not reached because the breakout occurs often right before the apex would be reached. After the breakout from the "flat topped cone" the bullish movement is expected to be potent.