Double Tops Reversal Strategy

Double Top Strategy

Double tops upwards bitcoin trend reversal trading strategy is a reversal bitcoin pattern that forms after an extended crypto upward cryptocurrency trend. As its name implies, this reversal strategy is made up of two consecutive peaks that are roughly equal, with a moderate trough between.

Double tops upwards bitcoin trend reversal trading strategy is considered complete once bitcoin trading price makes second peak & then penetrates lowest point between highs, called the neckline. The sell cryptocurrency signal from this up bitcoin trend reversal trading strategy occurs when the btcusd trading market breaks below the neck-line.

In Bitcoin, Double tops upwards bitcoin trend reversal trading strategy is used as a early warning cryptocurrency signal that a bullish upwards bitcoin trend is about to reverse.

However, Double tops upward bitcoin trend reversal trading strategy is only confirmed once the neck line is broken and the btcusd trading market moves below neckline. Neckline is just another name for the last support level formed on the bitcoin chart.

Summary:

• Double tops upwards bitcoin trend reversal strategy Forms after an extended move upward
• This Double tops upward bitcoin trend reversal strategy formation indicates that there will be a reversal in btcusd trading market
• We sell when bitcoin price breaks below the neck line point: see below for explanation.

Crypto Trading Up Crypto Trend Reversal Trading Strategy - Double Tops Reversal Crypto Trading Strategy

The double top look like an M-Shape, the best reversal cryptocurrency signal is where the second top is lower than the first one as shown on the cryptocurrency trading example illustrated below, this means that the reversal cryptocurrency signal can be confirmed by drawing a downward bitcoin trend line as shown below.

Double Top Crypto Trend Reversal Crypto Trading Strategies