BTC breakout, history repeats itself

9 בדצמ׳ 2017

Another possible scenario, this time on a smaller time frame. A similar pattern happened at the end of November, when price broke out of descending triangle. This time I think the leading indicator will be fundamental, because of FUD building which wasn't present the last time around. If the support around 15272 is broken, and we have a close below that level, a retracement to a previous fibbonaci level is possible. If not, a retest of 16679 is an option. (Just an idea.)