What’s a Double-Top and How Do We Trade It?

26 Feb

Hey there, friends! 👋

Let’s take a look at what’s happening with Bitcoin right now.

A double top is a bearish pattern that signals a potential trend reversal. It happens when price fails to break resistance twice, forming two peaks at a similar level, with a neckline (support) between them.

How do we trade it?
✅ Short entry – after the neckline breaks (a retest of the neckline makes the setup even stronger).
✅ Stop-loss – above the second peak, in case of a fake breakout.
✅ Profit target – measure the height from the peak to the neckline and project it downward from the breakdown point.

Extra confirmations: If RSI shows bearish divergence, that’s an extra clue the trend is weakening.
Increasing sell volume on the breakdown makes the move more reliable.
Key Levels to Watch
📍 Resistance: $100K–$102K – Bitcoin needs to break this zone for bulls to regain control.
📍 Support: $90K – This is the first critical area; losing it could accelerate the drop.
📍 Major Support: $84K – A key decision point for whether we see a bounce or further decline.

What’s Next?
🔹 Bullish case: If BTC holds $84K and shows strength, we could see a move back toward $100K.
🔻 Bearish case: If the double-top pattern plays out and BTC loses $90K, we could be looking at a drop to $80K–$76K.

💬 What’s your take? Will Bitcoin bounce or keep dropping? Let’s discuss in the comments!

🚀 Stay tuned, my dear friends😍!
Always Yours, Kateryna 💛

28 Feb

Dagangan aktif

We are near our last target! 😍 After it, we can expect some rise - a retest of the neckline is possible😉