The pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose...
A pennant seems to be formed in LBCBTC. Further breakout is possible when pennant breaks to the upside (mind the oversold STOCH RSI). However, when pennant breaks to the downside, price may fall to around 13.7 - 14k, assuming it will bounce on the larger triangle we can see when zooming out on LBCBTC.