Bitcoin (BTC/USD) Double top 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Double top: Active
Last 79,716.4, 16% of the way to target (target is 1.37% from confirmation).
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.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| High | Oct 28, 16:00 | 81,710.0 |
| Neckline | Oct 29, 00:00 | 80,262.4 |
| High | Oct 29, 04:00 | 81,725.0 |
| Confirmation | Oct 29, 10:00 | 79,897.4 |
Recently closed Double top patterns: 29 in total, 22 reached the target first (76%), 5 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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