Two megaphones

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Mar 8, 2024 5:36 PM

I have drawn two megaphones on the chart:

orange, right-angled broadening (bearish),
blue, symmetrical (bullish).

It seems that the blue one is more likely to succeed. However, I would be careful here and wait for price action to confirm one or the other. Bitcoin's price is seriously overheated in my opinion.

This is not financial advice.

Chart Patterns