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Crypto · chart pattern

Double bottom on Arbitrum

On Arbitrum the double bottom showed up 67 times. The target came first 45% of the time, the stop 54%, and 1% went nowhere within 12 candles.

Counted on Arbitrum (ARB/USDT): daily candles from March 2023, 4-hour candles from March 2023 and hourly candles from March 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily20%100%0%
4-hour2050%50%0%
Hourly4544%53%2%

Arbitrum against the rest

ChartsFoundTarget firstStop firstWent nowhere
Arbitrum6745%54%1%
All Crypto charts3,29436%58%6%
Every market4,67237%57%6%

Year by year

YearFoundTarget firstStop first
2023944%56%
20242839%61%
20251040%60%
20262055%40%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the double bottom is

Two lows at the same level, then a break above the peak between them.

Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.

The full double bottom lesson, video and quiz ›

Other patterns on Arbitrum

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them

The double bottom elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · EUR/JPY

Questions

How often does the double bottom work on Arbitrum?

In 67 cases on Arbitrum, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 54%; 1% went nowhere within 12 candles.

What is the double bottom?

Two lows at the same level, then a break above the peak between them.