📢 $BTC TRADER ALERTS 📢

short 🛑

entry, $66,000.00

LEVERAGE 👃 X20 X25

SL, $68,659.00

TP1) $60,000.00

TP2) $56,000.00

A double-top pattern is a price chart candlestick formation that signals an extreme bearish trend reversal. A double-top candlestick pattern forms when the price of an asset reaches a high for the second time consecutively with a decline between the two highs. A strong and prolonged market decline usually follows the double-top pattern. The double-top candlestick formation roughly resembles the letter ‘M’ of the English alphabet. A double-top candlestick pattern forms over a long period of time. The first high usually forms after a strong uptrend. A moderate decline follows the first high or peak, continuing until the price drops to a support level or neckline. The price then moves in an upward trend until it reaches a second peak. The price trend follows a steady downward movement after the second peak, moving past the support level or neckline. Traders confirm the double-top formation when the second downward movement breaks the neckline and moves further down. 

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