Understanding and recognizing the megaphone pattern can aid traders in anticipating market movements and making informed trading decisions.
The Bitcoin megaphone pattern features at least two higher highs and two lower lows, forming an expanding structure.
Connecting these highs and lows with trendlines creates a megaphone-like appearance, reflecting market instability.
The formation signals heightened volatility, with price swings becoming more pronounced over time.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments