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Double Top or Bottom

What is Double Top or Double Bottom and how it works?Hello in this educational content we are talking about one of the major reversal pattern in market or maybe even the most important reversal pattern which is exist. Double Top: Like the pattern mentioned on the chart now double Top is made by two reject from resistance but it is complete when the support or neckline of this two top break and then the pattern is complete and we can say this is a valid double Top and market now can get correction and get bearish. here is chart & example take a look at Two kinds of Double Top available in my View: As we can see sometimes price even made fake breakout to the upside or downside of the pattern and in these kinds of situation we can expect more fall if we had Advance Double Top because the liquidity was more at the beginning of second phase rejection. We also have other Strong Reversal patterns like Head & shoulders and ... which you can mention them in comments or we may have another live post for them in next Educational posts. most of You know about Regular Double top or Double Bottom and in this Educational post we mention some data about Advance form of it too and also so many know this form as regular form and consider this fake breakout a sign of good double Top and .... Double Bottom is the same like the Double Top but reverse(This time support can not break two times and price after breaking neckline or resistance start to pump and bear market turn to bullish with Double Bottom). DISCLAIMER: ((Always trade based on your own decision))-----this post is not signal content or analysis and just Try to talk about an important Reversal pattern with Example which happened also on Bitcoin in previous days in my Opinion. <<press like👍 if you enjoy💚
Education
by MMBTtrader
22
$SOL Trying For W Patter ReversalTHE MARKET REALLY WANTS TO GO UP. Stronger coins, such as CRYPTOCAP:SOL keep putting in higher lows. If we close above the EMA9 on the Daily that will be really telling. A bit premature to call a reversal, but I’ve been speculating on this W reversal pattern forming since Trump announced the Crypto Strategic Reserve. 

Perfect setup for that. The lack of liquidity is the only thing holding back the reversal and reason for the pump n dumps on every bit of news.
CRYPTO:SOLUSDLong
by jonnieking
5
BTCUSD – Descending Broadening Wedge With Key Buy ZonesBitcoin is trading within a Descending Broadening Wedge on the 6-hour timeframe, a pattern that typically signals increasing volatility before a potential breakout. The price is fluctuating between two diverging trendlines, with several critical buy levels forming along the structure. Descending Broadening Wedge Resistance Breakout at 94,543 The upper boundary of the wedge, around 93,000 to 94,500, serves as dynamic resistance. If Bitcoin pushes through this level, it could trigger a breakout toward the first target at 108,000 and possibly extend to 124,407. Volume has been increasing near resistance, indicating strong market participation. Ascending Trendline Rebound at 84,536 This level aligns with an ascending support trendline inside the wedge. Bitcoin has previously bounced from similar trend structures, making this an important zone to watch for a potential reaction. Double Bottom Possibility at 79,006 The 79,000 level has acted as support in previous price movements, creating a possible double bottom scenario. If the price stabilizes here, it could be an early sign of trend reversal within the wedge. Descending Broadening Wedge Support at 75,092 The lower boundary of the pattern, around 75,000, remains a major support level. This is where previous downward movements have found buying interest, making it a crucial point for potential price reversals. Stop Loss at 69,000 to 68,000 A drop below this range would indicate that the wedge structure has failed, opening the possibility for further downside movement. Bitcoin remains within a widening consolidation phase, with increasing volume showing heightened market activity. As long as the price respects the wedge boundaries, these key levels present potential opportunities for positioning ahead of a breakout.
COINBASE:BTCUSDLong
by DNP-FX
Bitcoin: Mastering the Art of Resistance and SupportBitcoin recently broke below a 105‐day trading range, anchored by the critical 90K level. After the breakdown, it found support around 80K, prompting a sharp rebound back toward the previous range. This rebound, however, was short‐lived: BTC tested 95K, then quickly retraced, only to rally again toward 90K, where it trades at present. Overview of BTC’s 105‐Day Range Break and Retest: Yearly Open at $93,576: This is the single most important level to watch. Price currently sits below the yearly open, suggesting that, for now, bears hold the upper hand. If bulls cannot reclaim this threshold, the yearly candle remains vulnerable to turning red. 90K–95K Resistance Zone: With Bitcoin failing to sustain gains above 95K, this band becomes a natural focal point for potential short entries. Bears are expected to defend this region aggressively. The question: Where do we go next? Let’s break down both the resistance (short setup) and an upcoming support zone (long setup), incorporating a variety of confluences—from volume profiles and trend lines to Fibonacci retracements and pitchfork alignments. 1. Resistance Analysis & Short Thesis 1.1. Double Top Target at $72,800 A double top pattern has formed, suggesting a measured‐move target near $72,800. While not a guaranteed endpoint, this target serves as an early directional clue. Price could still find support at higher levels, so we use this only as one piece of a larger puzzle. Double Top Pattern with $72,800 Target: 1.2. The 105‐Day Trading Range & Retest Bitcoin spent over 100 days ranging between roughly 90K and 105K. The downside break turned that prior range into a new resistance zone—specifically 90K–95K, with an even stronger cluster up to $96,418 (Point of Control from that range). Fixed Range Volume Profile: The POC (Point of Control) from this 105‐day period lies at $96,418.05, further extending our resistance zone. Price retesting anywhere between 90K and the POC around 96K sets up potential short entries. Fixed Range Volume Profile Showing POC at $96,418.05: Stop Loss Guidance: Given the possibility of wicks or “stop hunts,” a safer invalidation point sits above 98K. That buffer allows the trade room to breathe without prematurely stopping out on minor spikes. 1.3. Daily & Weekly Moving Averages In addition to the above factors, both the daily 21 EMA/SMA and the weekly 21 EMA/SMA are converging in the 90-92K region, acting as additional resistance. 1.4. Bearish Trend Line & Pitchfork Alignment Bearish Trend Line: Connecting the all‐time high at $109,588 and the swing high at $106,457.44 yields a downward sloping line. This trend line has already acted as resistance near 100K on February 21. Pitchfork (Modified Schiff): Anchoring from the all‐time high (109,588) to the swing low (97,777.77) and back up to 106,457.44 confirms the same bearish trajectory, aligning neatly with the trend line around 95K. Bearish Trend Line & Pitchfork Convergence Around 95K: 1.5. Monthly Order Block & Fibonacci Confluence Monthly Order Block: Spanning from the yearly open (93,576) up to the POC (~96,418), this monthly order block forms a substantial supply zone. Price often gravitates toward the median line of an order block, which sits near 94–95K. Fibonacci Retracement (0.786): From the swing high at 99,475 (Feb 21) down to the low at 78,258.52, the 0.786 retracement is at 94,934.67—almost exactly the median line of the monthly order block. Monthly Order Block, Median Line, and 0.786 Fib at ~94,934.67: When price rallies swiftly to the 0.786 for the first time, it often presents an ideal short entry—especially under a confluence of bearish signals: 2. Short Trade Setup: Laddering In & Out 2.1. Scaling In (Entries) We allocate $25,000 (from a $100,000 account) and ladder our entries from 89,736 up to 96,206: Short Trade Laddered Entries: Stop Loss: $97,560 (slightly below the higher “breathing room” area of 98K). Max Risk: Approximately $1,028.16 (about 4.11% of the GETTEX:25K position, or 1.03% of the $100k account). 2.2. Scaling Out (Exits) We plan to take profits in increments as price drops, aiming for an average exit around $79,822.10: Potential Profit: Approximately $3,704.16 on a $25,000 position, which is +14.82% (or +3.70% of the $100k account). Risk‐to‐Reward Ratio: 3.60, an attractive R:R for a swing trade. 3. Support Analysis & Long Thesis Having addressed the downside retest and short scenario, let’s turn to potential support where Bitcoin might reverse for a long trade. 3.1. Double Top Target & 5‐Wave Structure The double top projected target near $72,800 aligns with a broader Elliott Wave possibility, where BTC may have completed a 5‐wave structure from the low at $15,476 to the all‐time high at $109,588. A typical Fibonacci retracement of this 5‐wave move suggests the 0.382 level at $73,637.22, which sits near a notable swing high of $73,777—coincidence? 5‐Wave Structure & 0.382 Fib Retracement at ~$73,637: 3.2. Monthly Bullish Order Block & Further Fib Confluence Monthly Bullish Order Block: Located around $71,280, historically a place where buyers have stepped in. Fib Retracement (49K to 109K): The 0.618 retracement lands at $72,144.62, adding further confluence around the 72–73K zone. Taken together, we begin to see a support band forming between $73,777 and $71,280. Monthly Bullish Order Block & 0.618 Fib ~$72,144.62: 3.3. Fib Speed Fan & Bullish Trend Line Fib Speed Fan (0.7): On higher timeframes, the 0.7 fan lines up with the same 71–73K region if BTC dips this month. Bullish Trend Line: Connecting the lows at 49K and 52,550 also aligns with this zone, reinforcing the idea that a cluster of support awaits if price slides that far. Bullish Trend Line & Fib Speed Fan ~$71–73K: 3.4. Potential Long Trade Setup Entry Range: Ladder in from 76K down to 71K (or adjust according to personal risk appetite within that 73–71K zone). Stop Loss: Below 70K, providing sufficient buffer. Target: At least the monthly open ($84,350), or higher if momentum supports a stronger bounce. Risk‐to‐Reward (R:R): Aim for 2:1 or better, depending on exact entries and the final target. 4. Summary Short Trade: Resistance Zone: 90K–95K, extending up to $96,418 (POC) and with the daily/weekly 21 EMA/SMA acting as additional resistance in the 90-92K region, plus a stop‐hunt buffer above 98K. Laddered Entry: GETTEX:25K allocated, averaging around $93,706, with a stop near $97,560. Scaling Out: Average exit near $79,822, netting a +14.82% gain on the position (+3.70% on account). R:R: 3.60—solid for a swing setup. Long Trade: Support Zone: Between $73,777 and $71,280, with multiple Fibonacci and structural confluences. Laddered Entry: Potential DCA from around 76K down to 71K, with a stop under 70K. Target: At least $84,350 (monthly open), likely offering a 2:1 or better risk‐to‐reward. Sharp moves up or down have been the norm lately, often gravitating to the 0.786 fib retracement on each leg, so remain vigilant for sudden volatility. Ultimately, flexibility is key. If Bitcoin reclaims the yearly open at $93,576 and pushes decisively above 95–98K, the bearish case weakens. Conversely, a significant drop below 80K brings the deeper support zone near 73–71K into sharper focus. Always be prepared for shifts in market conditions—confirm each setup with multiple indicators and chart patterns before entering any trade. Stay up to date with evolving market dynamics and adjust your strategy accordingly. Happy trading! P.S. If you have any coin requests, feel free to share them in the comments. I will be selecting one or two for the next technical analysis.
Short
by SiDec
8
BTCUSD – Head & Shoulders Confirmed?In my previous analysis ( ), I outlined a potential Head & Shoulders formation that could lead to a bearish move. So far, price action has followed this structure accurately. Key Developments: ✅ The right shoulder seems to be forming as expected. ✅ Price grabbed liquidity above $92,500 before reacting downward. ✅ A double top has formed, adding further bearish confluence. What’s Next? If the market respects this pattern, a break below the neckline could confirm a continuation lower, with a potential target at $59,117 , aligning with the full Head & Shoulders projection. Conclusion: So far, this setup is playing out perfectly. If bearish pressure continues, we could see a deeper decline. However, a sustained move above $95,150 would invalidate this scenario. 🔔 Do you see BTC following this path, or do you expect a bullish surprise? Drop your thoughts below!
INDEX:BTCUSDShort
by ProcessAndIntercept
Unswervingly short goldRecently, gold was rejected at 2930, then rejected near 2925, and today gold was rejected again near 2920. From this point of view, the resistance area of ​​gold moves down, and the high point drops accordingly. If gold is repeatedly rejected near 2915 next, then gold will have more room to fall. This is also the reason why I advocate shorting gold recently. At present, I still hold a short position in gold and look forward to the performance of gold and its fall back to the 2880-2870 area, or even 2860. Bros, only by following the right people can you execute the right transactions and master the skills to make money. If you want to master independent trading skills and thinking while copying trading signals and making stable profits, you can join the channel at the bottom of this article to liberate your trading talent!
OANDA:XAUUSDShort
by Trader_Marvin
USDJPY & NFP Preview: Key Levels & Market ImpactThe USDJPY has dropped more than expected since our last update, and now, with Non-Farm Payrolls (NFP) on the horizon, the pair is back in focus. A weak NFP report could push USDJPY lower, especially with Japan's tightening stance and global trade tensions weighing on the dollar. In this video, we break down key technical levels, fundamental drivers, and trading strategies. Watch now and leave your thoughts in the comments! This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Short
by ThinkMarkets
Double Top Trading Pattern: A Classic Reversal SetupHello, Traders! 👋🏻 Have you ever noticed a market attempting to break through the same resistance level twice, only to fail both times? This formation is known as the double top pattern and often signals a potential bearish reversal. But is a double top bullish or bearish across all markets? Let’s dive into the meaning of the double top pattern and how to identify it on your charts! What Is a Double Top? 👀 A double top is a chart formation where the price reaches a high, pulls back, and then rallies again to the same or a very close high but fails to break through. This second failure to surpass the previous peak suggests buyers are losing momentum, paving the way for a potential downtrend. Key Points of the Double Top Chart Pattern: Two Prominent Highs: The peaks are usually at similar price levels. Neckline (Support Level): The interim low between the two peaks forms a support line. Bearish Sentiment: When the price breaks below the neckline, it confirms a potential trend reversal to the downside. Is a Double Top Bullish or Bearish? The double top pattern is bearish because it signals that the uptrend is weakening and sellers are gaining control. After the neckline breaks, it often results in a significant price drop. Key Features of a Bearish Double Top Pattern The Two Peaks Are Nearly Equal in Height. Volume Declines on the Second Peak, Showing Reduced Buying Pressure. A Breakdown Below the Neckline Confirms the Pattern and Triggers the Downtrend. Advantages of a Double Top Pattern Clear Trend Reversal Signal: A double-top chart pattern visually indicates a potential shift from an uptrend to a downtrend. Defined Resistance Level for Risk Management: The two peaks at similar price levels create a strong resistance zone. This allows traders to place Stop-Loss orders effectively and set profit targets with more confidence. Volume Confirmation for Stronger Signals: During a valid double top trading pattern, volume often decreases as the second peak forms and increases when the neckline breaks. This helps confirm the authenticity of the breakout and strengthens trade decisions. Favorable Risk-Reward Ratio: Because the expected price drop is often equal to the pattern's height, the potential reward is typically larger than the initial risk. This can make the double-top pattern an attractive setup for risk-management-focused traders. Disadvantages of a Double Top Pattern Not Always Reliable (False Signals): Like any technical pattern, the double top can fail, leading to false breakouts. Prices may temporarily create two peaks but then continue upward instead of reversing. Subjectivity in Pattern Recognition: Traders may interpret the double top pattern meaning differently based on variations in peak height, neckline positioning, or symmetry. This subjectivity can lead to inconsistent trade execution. Variations Across Different Markets: Not all double top chart formations look the same. Some may have uneven peaks, wider time frames, or irregular structures, making setting precise entry and exit points harder. Limited Profit Potential in Some Cases: While the projected price drop is based on the pattern's height, market conditions may prevent the price from reaching the expected target. Final Thoughts: Why the Double Top Pattern Matters The double top chart pattern is a bearish reversal signal that helps traders identify when an uptrend is losing momentum. So, traders, have you ever caught a double top trading pattern before a major price drop? Your experiences and strategies are valuable to the trading community. Share them in the comments and let's learn from each other!
Education
by WhiteBIT
Continue to short gold after the reboundBros, overnight we shorted gold near 2923, and gold fell as expected and directly hit TP: 2908, and we took this opportunity to reap a lot of profits. Recently, I have been insisting on shorting gold, and have achieved 11 consecutive victories in shorting gold transactions. We have made a lot of money in short-term swing trading, and we will continue our trading journey and continue our glory. At present, gold continues to fall and has rebounded slightly after hitting a low near 2891. Although the recent game between the long and short sides has been extremely fierce, to be honest, this wave of decline has directly fallen below the 2900 mark in the short term, and the strength of shorts is relatively strong; and gold has repeatedly hit 2930 failed, and a triple top structure was constructed at the short-term technical level. While it exerted absolute suppression on the gold price, it also strengthened and confirmed that 2956 is a stage high. Therefore, the short trend of gold may not be over, and gold will reverse again and continue to fall after rebounding. Therefore, in short-term trading, I prefer to continue shorting gold after the rebound. As the center of gravity of gold moves downward, we can consider using the 2910-2920 zone as resistance and shorting gold in an appropriate amount. If gold touches this area and falls again, gold is expected to test the support of the 2880-2870 zone again. Bros, are you optimistic that gold will continue to fall?Wise choices are far greater than hard work. Only by following the right people can we execute the right transactions and accumulate profits that change our lives and destiny. If you want to copy trading signals and make stable profits, or want to learn the correct trading logic and techniques in depth, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
LTCUSDT on the Edge – Major Breakdown or Fakeout?Yello, Paradisers! Is LTCUSDT on the verge of a major drop? The signs are stacking up, and if you’re not watching closely, you could miss a big move. 💎Right now, LTCUSDT is looking bearish as it forms an M-pattern near the resistance trendline of a descending channel. At the same time, a bearish divergence is confirming the weakness in momentum. On top of that, we’re seeing a triple-three wave pattern playing out, which further increases the probability of a downside move. All these signals combined suggest that sellers are gaining control. 💎If LTCUSDT breaks down and closes candle below the support level, the M-pattern will be validated, opening the door for a significant move lower. 💎However, if the price consolidates around this level without breaking down, the setup loses its strength, and in that case, it’s best to ignore it as a low-probability trade. 💎On the flip side, if LTCUSDT manages to break out and close candle above the resistance zone, the entire bearish outlook would be invalidated. In that scenario, waiting for fresh price action before making any moves would be the smartest approach. 🎖 Discipline and patience separate the pros from the amateurs. Stay sharp, Paradisers—trade only high-probability setups, and you’ll always stay ahead of the game! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
14