FTT has emeged as the top performer on a weekly scale, due to the growing rumors of a FTX restart.Aside from brief price pumps and dumps at around the $37,000 level over the weekend, #bitcoin’s price has largely calmed in the past several days.Most altcoins are also quite sluggish today, with the exception of Filecoin, Polygon, Optimism, and a few more.#BTC Calms at $37KIt was about a week ago when the primary cryptocurrency last dipped below the $35,000 line. However, the bulls took over the market at that point and pushed the asset north to almost $36,000 almost immediately.After a minor retracement, bitcoin went on the offensive on Thursday and skyrocketed to $38,000 for the first time in 18 months. Nevertheless, it failed to maintain this momentum, and the subsequent rejection pushed it back down by over two grand.BTC started reclaiming some of the lost value in the following hours and had claimed above $37,000 by the weekend. Saturday and Sunday were expectedly calmed, with little-to-no actual price movements.Did you like this market update?This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Enter your emailAs of now, BTC stands at around $37,000 once more, with its market cap sliding inches below $725 billion. Its dominance over the altcoins has taken a breather and is just above 51% on CMC.Last Week’s Top Gainers: 🕊(@manwilchip)The past seven days were quite positive for most of the crypto market. Ethereum was among the leaders in terms of gains due to the speculations that BlackRock will file for a spot ETH ETF in the States. The native token went from $1,900 to a 7-month peak at over $2,100 at one point. Now, though, ETH trades around $100 lower.Speaking of speculations, the rumors about FTX finally being able to restart operations under one form or another, which even got a nod from the SEC Chair Gary Gensler, sent the FTT token flying within the same timeframe. Despite a 9% daily retracement, FTT is up by 200% on a weekly scale.The other triple-digit price gainers from the top 100 include ORDI, Celestia, and OX Protocol. Terra, THORChain, Solana, Avalanche, Cronos, and Filecoin follow suit.The total crypto market cap added roughly $100 billion over the past week and stands well above $1.4 trillion on CMC.$BTC #BTC #Poloniex #binanacesquare #Binancefeed

When a double top or double bottom chart pattern appears, a trend reversal has begun.Let’s learn how to identify these chart patterns and trade them.Double TopA double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks that are formed when the price hits a certain level that can’t be broken.After hitting this level, the price will bounce off it slightly, but then return back to test the level again. If the price bounces off of that level again, then you have a DOUBLE top!This is a strong sign that a reversal is going to occur because it is telling us that the buying pressure is just about finished.With the double top, we would place our entry order below the neckline because we are anticipating a reversal of the uptrend.Wow! We must be psychic or something because we always seem to be right!Looking at the chart you can see that the price breaks the neckline and makes a nice move down.DOUBLE BOTTOMThe double bottom is also a trend reversal formation, but this time we are looking to go long instead of short.These formations occur after extended downtrends when two valleys or “bottoms” have been formed.You can see from the chart above that after the previous downtrend, the price formed two valleys because it wasn’t able to go below a certain level.Notice how the second bottom wasn’t able to significantly break the first bottom.This is a sign that the selling pressure is about finished, and that a reversal is about to occurWill you look at that!#BTC #doublebottom #binanacesquare