A Guide on Understanding the 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, otherwise known as W bottoms, are technical analysis charting bullish patterns. Traders regard double bottom and double tops as the most commonly used chart patterns in trading. They are often…