Le-Loup-de-Zurich

BTC: Neutral-Symmetrical triangle- SEC news waiting

BITSTAMP:BTCUSD   Bitcoin
The SEC must give its response before Wednesday January 10, but the news may break before! Pay attention to the news.
SYMMETRICAL TRIANGLE detected!


SYMMETRICAL TRIANGLE:

The triangle of indecision, just like the RANGE!!
The price is tightening, and we don't know in which direction it's going PETER!!??
Draw a bullish and bearish diagonal.
Wait for a break in one of the diagonals.
The Take Profit is calculated by reporting the highest side of the rectangle which made a PULLBACK (see my old publication on "PULLBACK") and see graph below.
Report this segment to the BREAK of one of the diagonals, but ESPECIALLY to the CLOSING of the candle in its time unit!!!
STOP Loss below the previous low if you are BUYING.
STOP Loss above the previous high if you are SHORT (Seller).
Trade closed: target reached:

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