Further, stocks that are
at new price highs tend to do better than those making new price lows.
Because there is no overhead supply with stocks breaking
into new price highs, the stock runs into less resistance.
If «averaging in» is handled in a disciplined way, new allocations are unlikely to always come
at new price highs or lows.
«Spikes in conversation volume often precede spikes in search volume by one full day, and
new price highs for Bitcoin by one to three days,» explains the report.
For example, on November 12, 2017, when cryptocurrencies were
reaching new price highs, blockchain spectators noticed 25,000 BTC was sent to the exchange Bitfinex.
Theory: In addition to above average earnings growth, the theory behind growth stock investing, as opposed to value investing, is that stocks breaking
into new price highs have no overhead supply.
Other digital assets have had much better trading sessions on January 2, and some coins are touching
all new price highs.
Bitcoin is at it again surpassing
all new price highs across global exchanges.