Ps there is a very obvious way to tell when there is a blowout....

Ps there is a very obvious way to tell when there is a blowout.

If eg buying blowout you see a strong rise for many days followed by a multiple of that - importantly on that day you see other things. The sellers get wiped out - sell depth goes down to 1-2 million and there are no more substantial parcels to buy. Some people think wow these are so scarce this is going to keep running actually the opposite happens. As there's no parcels to buy the momentum stops, people see that the price has stopped going up and new sellers come out of the woodwork, the spike up ends.

Same happens in reverse. If today there is a rout, sellers that are in line up give up and sell at market and all the buyers get taken out in a quickly and there will be no one to sell too. A few will think this is going to keep going and it may go a tick or two lower but as above it will stop after a tick or two as there is no one to sell too. New buyers come out of the woodwork - particularly when there is a strong support at the price that the routs stops

The ideal scenario in these situations is a comple rout, the worse case scenario is buyers keep lining up below the current price (but not buying at price point) and it drops 5 cents a day as sellers keep selling to them.

My thought from open was that it could be a rout today which would mean very good buying opportunity