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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.