Bitcoin (BTC) has broken out of a four-year bullish megaphone pattern, which may propel its price to new record highs in the coming months, according to market analyst Gert van Lagen. The bullish ...
The overarching pattern in stocks that I have been following for years is called a megaphone pattern. It is simply a series of higher highs and lower lows. The S&P 500 traced out a large megaphone ...
Crypto has been under pressure, with two key chart developments being fodder for the bears. “Out of control” Bitcoin price action and a negative moving-average indicator point to additional downside.
In detail, megaphone setups consist of a minimum of lower lows and two higher highs forming during a period of high market volatility. But, generally, these patterns consist of five consecutive swings ...
One of the most bearish patterns in the stock market is the megaphone pattern. Found more often in individual stocks than the broader markets, it is rare to see a megaphone in the S&P 500 (SPY) or ...
Bitcoin's (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening ...