Double Bottom Pattern

Cryptocurrency traders have turned to traditional technical analysis tools to track crypto prices due to extreme market volatility in the crypto space. Although crypto prices are highly volatile, they behave similarly to the old principles of traditional markets, and that is where double-bottom patterns come in. Double bottom patterns, known as W bottoms, are technical analyses charting bullish patterns. Traders regard double bottom and double tops as the most commonly used chart patterns in trading. They are often found on…

Cryptocurrencies are highly volatile, which makes understanding chart patterns a valuable art in crypto trading. The cryptocurrency charts provide a lot of information, so they may not be helpful without proper analysis. Seasoned traders use them to gain insight into current market trends and identify opportunities for entry and signals for an exit. Crypto investors need to dedicate time to understanding particular patterns around the crypto coins in their portfolios. Reversal patterns are common and can be broken into double…