I have drawn two megaphones on the chart:
It seems that the blue one is more likely to succeed. However, I would be careful here and wait for price action to confirm one or the other. Bitcoin's price is seriously overheated in my opinion.
This is not financial advice.
- orange, right-angled broadening (bearish),
- blue, symmetrical (bullish).
It seems that the blue one is more likely to succeed. However, I would be careful here and wait for price action to confirm one or the other. Bitcoin's price is seriously overheated in my opinion.
This is not financial advice.