Double Bottom Reversal Strategy

Double Bottom Reversal Strategy

Double bottoms down bitcoin trend reversal trading strategy is a reversal bitcoin pattern that forms after an extended bitcoin trading down btcusd trend. Double bottom down bitcoin trend reversal strategy is made up of 2 consecutive troughs which are roughly equal, with a moderate peak between.

Double bottoms down bitcoin trend reversal strategy formation is considered complete once bitcoin price makes second low & then penetrates highest point between lows, called the neck line. The buy indication from this bottoming out signal occurs when the btcusd market breaks-out the neckline to the upside.

In Bitcoin, Double bottom down bitcoin trend reversal strategy formation is an early warning cryptocurrency signal that the bearish Bitcoin trend is about to reverse.

Double bottoms down bitcoin trend reversal strategy is only considered confirmed once the neckline is broken. In this Double bottoms down bitcoin trend reversal trading strategy formation the neck-line is the resistance level for the bitcoin price. Once this resistance is broken the btcusd trading market will move up.

Summary:

• Double bottom down bitcoin trend reversal strategy forms after an extended move downwards
• This Double bottom down bitcoin trend reversal strategy formation indicates that there will be a reversal in btcusd trading market
• We buy when bitcoin price breaks-out above the neck-line: see below for an explanation.

Crypto Trading Down Crypto Trend Reversal Crypto Trading Strategy - Double Bottoms Reversal Crypto Trading Strategy

The double bottoms reversal pattern looks like a W-Shape, the best reversal cryptocurrency signal is where the second bottoms is higher than the first one as displayed below, this means that the reversal can be confirmed by drawing an upward bitcoin trend line as shown below.

Double Bottom Crypto Trend Reversal Crypto Trading Strategies