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Crypto · chart pattern

Double bottom on BNB

On BNB the double bottom showed up 101 times. The target came first 39% of the time, the stop 51%, and 10% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily20%100%0%
4-hour1638%56%6%
Hourly8340%49%11%

BNB against the rest

ChartsFoundTarget firstStop firstWent nowhere
BNB10139%51%10%
All Crypto charts3,29436%58%6%
Every market4,67237%57%6%

Year by year

YearFoundTarget firstStop first
2021989%11%
20221839%39%
20232133%67%
20241718%82%
20252236%55%
20261443%29%

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 BNB

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

The double bottom elsewhere

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

Questions

How often does the double bottom work on BNB?

In 101 cases on BNB, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 51%; 10% went nowhere within 12 candles.

What is the double bottom?

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