Megaphone Pattern 📣 on Bitcoin Chart
Bitcoin Price touched the bottom of megaphone and pullback to top of megaphone in 3 days. Lots of investors didnt think that move..
No problem.. Bitcoin price is on the top of megaphone pattern now. We may not see this move up again..
Volatility is too high.
Increased market volatility is usually caused by economic or policy factors, including changes in other markets, interest rate hikes, and the Fed's current monetary policy. Political instability and other global events, like a pandemic or a war, can also lead to market volatility.
We may be beginning the new global events...
You can see same pattern on Bitcoin chart before FTX FUD. After this pattern happened, Bitcoin went up hardly..
Will we see this move again?
It is possible. Market manipulation is on the top nowadays.
So, we may experience new financial crisis after 2008.
We will see..
Posted Using LeoFinance Beta
I don’t think so. We slashed the 25,3k which is a bullish sign since it was quite a resistance. In my view the way is clear now towards 30k+
Bitcoin was born one year after the 2008 financial crisis. I guess this has an important meaning.
Posted Using LeoFinance Beta