BOREARIS

Bitcoin (BTC/USD) Double top 15 min

Bitcoin (BTC/USD) 15 minConfirmed Oct 24, 03:15 UTC+8
HNHConfirmedClosedInvalid 82,012.4Neck 81,309.0Confirm 81,209.0Target 1 80,934.580,887.0Target 80,660.0━ MA20 + Bollinger Bands ━ MA50 15 min70503039.15━ RSI ━ 9MA0-165.30━ MACD ━ MACD Signal10/23 04:1510/23 09:4510/23 15:1510/23 20:4510/24 02:15
HNHConfirmedClosedInvalid82,012.4Neck81,309.0Confirm81,209.0Target1 80,934.580,887.0Target80,660.0━ MA20 ━ MA5070503039.15━ RSI ━ 9MA0-165.30━ MACD ━ MACD Signal23 13:4523 21:0024 04:00

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

Double top: Target hit

Target80,660.0
First target80,934.5
Confirmation81,209.0
Invalid at82,012.4
Move+0.58%

Timeframe15 min
ConfirmedOct 24, 03:15
ClosedOct 24, 06:45
Duration3.8 h
Reward / risk0.68

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

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Swing points

PointTime UTC+8Price
HighOct 23, 11:4581,917.0
NecklineOct 23, 20:1581,309.0
HighOct 23, 22:0081,958.0
ConfirmationOct 24, 03:1581,209.0

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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