Is BitCoin ready for another run?

What if we the price is currently forming a bullish pennant instead of a descending triangle and the continuation is to the upside. If this is the case I'll open a long position with the ATH as a target. However, if we break to the downside, the picture will get awfully ugly, and a bearish impulse of a larger-scale may actually play out.
bitfinexBTCUSDChart PatternsTrend Analysis

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