A blow off top is characterized by a sudden rise then sudden decline in price, accompanied by a large volume spike
This can be seen across the board on Bitcoin (BLX) throughout its Tops within the Fibonacci circle
Currently the volume is lacking for a blow off top, and the chart seems to be prepping itself to perform a move like a blow off top at the next Fib level
I think the price right now Is great for Bitcoiners and should be bought up quickly before this move occurs
I was inspired by BitFink who talked about Blow off tops to make this analysis
I doubt this is the Top..
This can be seen across the board on Bitcoin (BLX) throughout its Tops within the Fibonacci circle
Currently the volume is lacking for a blow off top, and the chart seems to be prepping itself to perform a move like a blow off top at the next Fib level
I think the price right now Is great for Bitcoiners and should be bought up quickly before this move occurs
I was inspired by BitFink who talked about Blow off tops to make this analysis
I doubt this is the Top..
