What Is a Blow-Off Top?
looking at the monthly chart will show you what you may not see easily in the daily charts!
What Is a Blow-Off Top?
A blow-off top is a chart pattern that shows a steep and rapid increase in a security’s price and trading volume, followed by a steep and rapid drop in price—usually on significant or high volume as well. The rapid changes indicated by a blow-off top also called a blow-off move or exhaustion move can be the result of actual news or pure speculation.
Blow-off top patterns are common in securities where there is a lot of speculative interest.
A blow-off top is a chart pattern showing a sudden rise in price and volume, followed by a sharp decline in price also with high volume.
The rally into the blow-off could be based on news, or speculation of good news, growth, or higher prices in the future.
Blow-off tops can occur in all markets, are volatile, and can be very hard to trade as an ill-timed trade in either direction can mean huge losses.
To all those who think I do not know about blockchain technology:
This article tries to explain the price pattern of bitcoin..!
Educational Reference:
https://www.investopedia.com/terms/b/blowofftop.asp
What Is a Blow-Off Top?
A blow-off top is a chart pattern that shows a steep and rapid increase in a security’s price and trading volume, followed by a steep and rapid drop in price—usually on significant or high volume as well. The rapid changes indicated by a blow-off top also called a blow-off move or exhaustion move can be the result of actual news or pure speculation.
Blow-off top patterns are common in securities where there is a lot of speculative interest.
A blow-off top is a chart pattern showing a sudden rise in price and volume, followed by a sharp decline in price also with high volume.
The rally into the blow-off could be based on news, or speculation of good news, growth, or higher prices in the future.
Blow-off tops can occur in all markets, are volatile, and can be very hard to trade as an ill-timed trade in either direction can mean huge losses.
To all those who think I do not know about blockchain technology:
This article tries to explain the price pattern of bitcoin..!
Educational Reference:
https://www.investopedia.com/terms/b/blowofftop.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.