Arched Top Reversal Pattern
The arched top is a very solid reversal pattern, which has high practical value in real trading. The arched top pattern represents a gradual change in trend that is very gentle. The trading volume at the top shrinks as the market gradually shifts, and when a new price direction takes the lead, it gradually increases correspondingly. This pattern resembles a crescent-shaped curve, referred to as the arched top.
Characteristics of the arched top are as follows:
1. The arched top pattern appears near the highest price zone of the coin, often slightly lower than the peak.
2. During the process of rising to form the top, the trading volume is huge and irregular. However, after the top is formed, there is a significant decrease in trading volume. When the coin price begins to decline, the trading volume starts to increase again.
3. The formation time of the arched top is usually relatively long, generally lasting from two to four months, or even longer, which also gives investors ample time to exit.
When investors encounter the arched top pattern, how can they find the best selling point?
1. The arched top is a signal of a peak followed by a decline, but it does not have a neck line, so there is no breakout point. Therefore, once investors notice that the coin price has been rising for a period and then gradually stagnates, followed by a transition from stagnation to decline, this is the first selling point.
2. If it is already confirmed that the stock price is in a downward trend and the speed of decline is increasing, this indicates that the arched top pattern has been confirmed, at which point it is the best second selling point. #比特币市场波动观察