Which way will we go George, which way will we go..?

Just throwing out some ideas on BTC. I see a large pennant that looks to be forming quite well (bullish), and we seem to have nice support along the trend line heading back up. If we break downward I don't see 8k out of the realm of possibilities. We dropped from ATH of 20k down to 11k in a week, so this could also happen. Either way, this has been a much needed and healthy looking correction imo. My thoughts are that it looks like we are forming a cupping formation right now which is usually an indicator of upward movement, hopefully we can bust out in that direction. Time will tell. Just my novice thoughts and opinions. Thanks, now let's ROLL!