BOREARIS

Bitcoin (BTC/USD) Double top 15 min

Bitcoin (BTC/USD) 15 minConfirmed Oct 22, 08:00 UTC+8
HNHConfirmedClosedInvalid 84,906.0Neck 84,078.0Confirm 84,029.0Target 1 83,661.5Target 83,294.082,834.4━ MA20 + Bollinger Bands ━ MA50 15 min70503020.80━ RSI ━ 9MA0-336.44━ MACD ━ MACD Signal10/21 20:4510/21 23:3010/22 02:1510/22 05:0010/22 07:4510/22 10:30
HNHConfirmedClosedInvalid84,906.0Neck84,078.0Confirm84,029.0Target1 83,661.5Target83,294.082,834.4━ MA20 ━ MA5070503020.80━ RSI ━ 9MA0-336.44━ MACD ━ MACD Signal22 00:4522 04:4522 08:45

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

Double top: Target hit

Target83,294.0
First target83,661.5
Confirmation84,029.0
Invalid at84,906.0
Move+0.47%

Timeframe15 min
ConfirmedOct 22, 08:00
ClosedOct 22, 09:45
Duration2.0 h
Reward / risk0.84

What this tells you

Price is rejected twice at a similar high; a break below the low between them (the neckline) often marks a turn from up to down.

Check it on the live chart

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

Swing points

PointTime UTC+8Price
HighOct 22, 00:3084,862.0
NecklineOct 22, 03:0084,078.0
HighOct 22, 05:4584,791.0
ConfirmationOct 22, 08:0084,029.0

Recently closed Double top patterns: 26 in total, 21 reached the target first (81%), 3 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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