The first time I noticed these megaphone patterns was in March of last year and Tezos was apart of the few tickers that showed that pattern.
Since then, I understood how these patterns usually played out, however, the drastic increase and drop in price for the pattern to continue seemed impossible - given where we were at in the market. (April 21' - July 21' - Oct 21' - Jan 22')
After seeing these last 3 swings, along with price holding the long term lower trend line, to think a next leg up is impossible this time might be a bit insane.
Previous post with these findings are linked below. I may post a few old examples.
Since then, I understood how these patterns usually played out, however, the drastic increase and drop in price for the pattern to continue seemed impossible - given where we were at in the market. (April 21' - July 21' - Oct 21' - Jan 22')
After seeing these last 3 swings, along with price holding the long term lower trend line, to think a next leg up is impossible this time might be a bit insane.
Previous post with these findings are linked below. I may post a few old examples.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
