Megaphone patterns are considered both reversal and continuous patterns and usually appear at major market tops and bottoms.
Broadening formations imply Volatility, just another sign, together with the wedge that we should expect that from Bitcoin.
The price reflects the random disagreement between investors (Buyers and Sellers- short term and Long term!), and it also reflects conflicting fundamental factors (Chinas opposes, UK also against it but El Salvador lkikes it, Sorros might buy it and ETFs are arising).
This conflict has been ongoing but we are starting to get indications of volatility arising. ie The price might soon pick a clear direction!
Here is how to trade this patterns.
Let me know your comments,
the FXPROFESSOR
Broadening formations imply Volatility, just another sign, together with the wedge that we should expect that from Bitcoin.
The price reflects the random disagreement between investors (Buyers and Sellers- short term and Long term!), and it also reflects conflicting fundamental factors (Chinas opposes, UK also against it but El Salvador lkikes it, Sorros might buy it and ETFs are arising).
This conflict has been ongoing but we are starting to get indications of volatility arising. ie The price might soon pick a clear direction!
Here is how to trade this patterns.
Let me know your comments,
the FXPROFESSOR
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