Is Double Tops Pattern Bullish or Bearish?

Example of Double Tops Bitcoin Chart Pattern

Double Tops Bitcoin Chart Pattern is a Bearish Cryptocurrency Pattern - Double Tops Pattern is a Bearish Bitcoin Trading Signal Pattern

Summary:

• Double tops cryptocurrency chart pattern forms after an extended move upwards- upwards bitcoin trend
• Double tops cryptocurrency pattern signal indicates that there will be a reversal in btcusd trading market trend
• We sell when bitcoin price breaks-out below neckline: as explained on the cryptocurrency trading example illustrated below.

Analysis of Double Tops Crypto Chart Pattern in Crypto Trading?

Double tops cryptocurrency pattern look like an M-Shape pattern, the best reversal cryptocurrency signal from the double top bitcoin pattern is where the second top is lower than the first top as shown below:

This means that the reversal cryptocurrency signal can be confirmed by drawing a downwards bitcoin trend line as shown below. If a trader opens a sell bitcoin trade using this double tops reversal cryptocurrency signal the stop loss will be placed just above this downward bitcoin trend line.

Analysis of Double Tops Crypto Pattern - Example of Double Tops Crypto Chart Pattern