In some cases yes, extreme volatility ignores gravity -- when they ignore gravity wait for topping and bottoming -- use RSI - but for sure, sometimes they defy chart logic - this is because we have limited supply and a lot of investors and traders who are novice and may or may not understand risk - BCH is perfect example, went parabolic, from 1200 to 2700 late last night in just a few hours - no person in their right mind would chase that. Those that did are bag holders.