Bitcoin price hints at 'megaphone' bottom pattern, and a breakout toward $40K

Bitcoin price hints at 'megaphone' bottom pattern, and a breakout toward $40K

The megaphone-shaped pattern reflects growing disagreement between investors over the next Bitcoin trend bias. 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 Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among investors. As a result, the price forms higher interim peaks and lower interim....


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Solana risks 35% price crash with SOL price chart 'megaphone' pattern

Solana market grapples with multiple bearish setups if it breaks below its key 50-week moving average. Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called "megaphone" pattern.SOL price "megaphone" patternIn detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive swings, with the final one typically acting as a breakout signal.SOL has been sketching a similar pattern since the beginning of 2022, with the coin....

Bitcoin Following ‘Megaphone Pattern’ – Is It Time To Accumulate BTC? Analyst...

According to an X post by crypto trader Merlijn The Trader, Bitcoin (BTC) is following the ‘megaphone pattern’, positioning the top cryptocurrency for potential upside momentum. However, BTC must stay above the $72,000 price level for the pattern to play out. Bitcoin Following Megaphone Pattern – Time To Buy? Earlier today, BTC tumbled below the […]

Bitcoin Megaphone: Speak Your Mind

Bitcoin Megaphone is a revolutionary first-of-its-kind micro-publishing platform that allows people to anonymously speak their peace in an un-moderated, free speech preserving format. What makes this business model truly unique within the Bitcoin ecosystem, is that it is on a pay-per-character basis. While short posts cost mere pennies, the more you have to say, the more bits you have to pay. Mike Solomon, owner of Bitcoin Megaphone, graciously took a few moments out of his busy day for a short CCN interview. Bitcoin Megaphone Interview. MB: What exactly is Bitcoin Megaphone? Solomon:....

XRP Price: Cup And Handle Pattern Hints At Short-Term 208% Surge

In a new technical analysis, crypto analyst Dark Defender has identified a bullish ‘Cup and Handle’ pattern on the XRP daily chart, signaling the potential for substantial gains. The pattern, which is characterized by a ‘cup’ resembling a rounding bottom and a ‘handle’ indicating a slight downward drift, suggests a continuation of an upward trend. Dark Defender notes, “XRP formed a cup & handle pattern in the daily time frame. We set targets for $1.05 & $1.88 with the Elliott Waves, and now the Cup-Handle pattern is also blinking XRP to reach the....

Cardano: ADA price eyes 30% rally with a potential 'triple bottom' setup

The only glitch in the bullish setup, for now, remains the Federal Reserve's taper acceleration plans. Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern.Sharp ADA rebound underwayDubbed "triple bottom," the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. Meaning, triple bottoms indicate sellers' inability to break below a specific support level on three back-to-back attempts, which ultimately paves the way for buyers to take over.In a perfect....