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Crypto · chart pattern

Double top on Bitcoin

On Bitcoin the double top showed up 122 times. The target came first 43% of the time, the stop 50%, and 7% went nowhere within 12 candles.

Counted on Bitcoin (BTC/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily367%33%0%
4-hour2931%62%7%
Hourly9047%47%7%

Bitcoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bitcoin12243%50%7%
All Crypto charts3,43440%53%7%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
20212433%62%
20221436%57%
20231250%33%
20242654%38%
20252654%46%
20262030%60%

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 top is

Two peaks at the same height, then a break below the dip between them.

Imagine climbing a wall, slipping back, then reaching the same spot again before sliding down even further. A double top looks like the letter M: two peaks at the same height with a dip between them. When price falls below that dip, the M is complete.

The full double top lesson, video and quiz ›

Other patterns on Bitcoin

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

The double top elsewhere

Ethereum · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave · GBP/USD · EUR/JPY

Questions

How often does the double top work on Bitcoin?

In 122 cases on Bitcoin, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 50%; 7% went nowhere within 12 candles.

What is the double top?

Two peaks at the same height, then a break below the dip between them.