BTC/EUR deja vu
Updated
Long term resistance from the all-time-high now converging with short term support - and almost playing out the exact same pattern over the same period from 21st December to 5th Jan. In that instance there was a sharp break above the trend followed by a 25% drop. If we get a close above the pennant it may be worth considering a long position if it can go on to test the €10.6k swing high, otherwise it looks like a drop toward the €8.4k support and maybe a good time to fill up your bags.
Note
Failed to break above the pennant, and it has indeed fallen to the €8.4k support.Trade closed: target reached
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