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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.