mortonpeak

Managin BTC penants

Short
COINBASE:BTCUSD   Bitcoin
it's been interesting to follow the highs in BTC, followed by its penants. What interests me is when the penant triangle converges, it selects a mid point. If after the penant forms, this mid point represents a point at near-term breakouts take place. This happened with both LTC and ETH today (both broke up violently, 5%+). It's hard to buy into these violent uptrends once they begin. It's critical to time the break out with the mid point of the triangle. Let's see how this pans out

THX!

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