SIMILAR PATTERNS We saw a very similar price pattern in late November and early December on the 60 minute chart.
A a pop to 10k, a crash, and then a very gradual building sideways consolidation, forming an ascending triangle pattern.
We see the same pattern breaking out now: a pop to 18k, a crash back down to the 200 day moving average, a longer consolidation, and now we are breaking out of the triangle.
If action resembles the previous triangle, and if anything we can expect even stronger movement, then we could easily see 27k or even 30k by the end of the year.