btc daily arc top pattern

1. Appears during the uptrend, where the stock price fluctuates repeatedly at a high level.
2. Connect the highs produced by the stock price oscillating at a high level with a curve to obtain an upwardly convex arc.

The shape that conforms to this characteristic is called the arc top shape.

The rounded top pattern indicates that after a period of price increase, although the upward trend continues, the dominant buying force is gradually weakening. The price increase is slowing down and eventually reaches a stagnation state. Later, the selling force gradually strengthens, and the price begins to enter a slow downward trend, with the decline speed gradually increasing. When people notice the formation of the downward momentum, an obvious rounded shape appears at the top. Therefore, the rounded top is also a type of reversal signal.