BOREARIS

Bitcoin (BTC/USD) Double bottom 1 hour

Bitcoin (BTC/USD) 1 hourConfirmed Oct 18, 12:00 UTC+8
LNLConfirmedClosedTarget 82,805.0Target 1 82,320.082,019.0Confirm 81,835.0Neck 81,723.0Invalid 80,578.4━ MA20 + Bollinger Bands ━ MA50 1 hour70503061.54━ RSI ━ 9MA0-44.68━ MACD ━ MACD Signal10/16 11:0010/16 23:0010/17 11:0010/18 06:0010/18 19:0010/19 07:00
LNLConfirmedClosedTarget82,805.0Target1 82,320.082,019.0Confirm81,835.0Neck81,723.0Invalid80,578.4━ MA20 ━ MA5070503061.54━ RSI ━ 9MA0-44.68━ MACD ━ MACD Signal17 03:0018 04:0018 23:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Double bottom: Invalidated

Target82,805.0
First target82,320.0
Confirmation81,835.0
Invalid at80,578.4
Move-1.64%

Timeframe1 hour
ConfirmedOct 18, 12:00
ClosedOct 19, 04:00
Duration17.0 h
Reward / risk0.77

What this tells you

Price finds support twice at a similar low; a break above the high between them (the neckline) often marks a turn from down to up.

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← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
LowOct 17, 01:0080,641.0
NecklineOct 17, 06:0081,723.0
LowOct 18, 05:0080,667.0
ConfirmationOct 18, 12:0081,835.0

Recently closed Double bottom patterns: 23 in total, 13 reached the target first (57%), 8 were invalidated and 2 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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