That what you wrote there is not true.
I can call out any ATH... there being a breather after it or not. An ATH (at its time) doesn't depend on what comes after it. It's just the highest price ever reached. And you can call it at that moment every single time!
(or maybe I don't get what you wanted to say)
As long as the price is climbing, you can't really pin an ATH, because it's continuing to climb the other moment.
There needs to be a lower price after a higher price that you can identify the higher price as an ATH (aka. the most recent highest price), otherwise the temporary ATH is invalidated at the blink of an eye by another temporary ATH, but we're speaking definite ATH. Price has to retrace to fix the ATH.
Seems logical to me, at least.
Your definition of an ATH is false.
https://www.fortrade.com/glossary/all-time-high-ath/ The all-time high is the highest price any given asset has ever reached on the open market.
An ATH is defined by what comes
before it (lower prices only) and not what comes after it.
Any ATH can be invalidated (in BTC especially), but that doesn't mean it's not an ATH at its time. It doesn't matter how soon a new ATH arrives.
That's why you can call an ATH at the time it appears.
What you describe is a cycle high (or a "pump high" if you will). That is also an ATH (at its time), but not every ATH is a cycle high!
Or just scroll-zoom through the shorter-timeframe charts, where you can see it if you don't believe it.
Feel free to post an example of an ATH which was immediately followed by a higher price
It's plain simple: Buys are triggering sells (and vice versa). You already knew that, didn't you?
We can agree that there are prices were BTC shoots through and never revisit them again, right?
You say that never happened with with any ATH ever created... I have strong doubts but no time to go through an hourly chart of 13 years.
So let's you are right, then everybody could sell every ATH an make money right by buying back? That sounds like a money machine everybody could use with a 100% success rate. And I'm 100% certain that doesn't exist.
(or maybe I don't get what you wanted to say here either)
No, sorry, i was not saying anything like that. How can you sell a (definitive) ATH before you know it actually is the highest price of a pump? You can't. If it's still going up, you didn't sell the ATH. The ATH is being printed when the price gets over the highest price ever (you know that) and it's definitely the highest ever since. You can't tell which price is the highest ever, if it doesn't go down. Or you're thinking many ATH's if the price pumps over the formerly highest price UNTIL it stops pumping. But i think that's not correct. I still say ATH is ATH when you know it was the highest price ever. And you only know if it stops climbing.
EDIT: This starts to taste like the old chicken/egg debate. I don't care if you get my point or not. You are free to believe what you want. No offense.
EDIT2: I think i remember getting stuck with you like that a couple of times in past discussions already. Coincidence?
As long as you bring your own definitions of words it doesn't make much sense to discuss this matter.
If you don't believe me, please look up the definition of an ATH by your own and try if you find any definition that says that an ATH is defined by what comes
after it.
