Actual patterns
Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
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Double Bottom
was formed on 26.08 at 14:24:37 (UTC+0)
signal strength 1 of 5
The Double Bottom pattern has formed on the #Bitcoin M5 chart. Its upper boundary is at 78910.69, its lower boundary is at 78313.32, and its width is 61418 points. A break above the upper boundary at 78910.69 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
The M5 and M15 time frames may generate more false entry signals.
