jjaskulowski
Long

BTC triangle time to break out.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
328 0 6
If a pennant pattern drags on into its 12th or 13th week, it is usually considered to have become a triangle.

When dealing with a symmetrical triangle, however, it is optimal for price to break above or below the trendlines one-half to three-quarters of the way through the pattern.


Read more: What are the main differences between a Symmetrical Triangle pattern and a pennant? | Investopedia http://www.investopedia.com/ask/answers/013015/what-are-main-differences-between-symmetrical-triangle-pattern-and-pennant.asp#ixzz42WuqOTVE

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