Bitcoin CHOP! "Bear trap" or "Bull trap"?

BTCUSD.P, BTCUSD: A failed pennant

Observing the SILVER and GOLD chart we can see similar chop, and violent shakeouts to our phantom fib level.

In my opinion, I don't think the run is over.
I do believe that if BTC regains the pennant territory, we could chop out some more before a swift leg up.