Nova-73 › BTCUSD (Bitcoin / US Dollar) · 4h
Double Top
Drag to rotate, scroll to zoom.
Draw it on TradingView
No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.
- 1.Copy the script and open the chart on TradingView.
- 2.Open the Pine Editor at the bottom, clear it and paste.
- 3.Click "Add to chart"; the drawings appear.
Swing points
| Point | Candle open (UTC) | UTC | Bar # | Price |
|---|---|---|---|---|
| T1 | Oct 12, 04:00 AM | Oct 12, 04:00 AM | 0 | 84,352.0 |
| N | Oct 15, 12:00 PM | Oct 15, 12:00 PM | 20 | 79,800.0 |
| T2 | Oct 21, 04:00 PM | Oct 21, 04:00 PM | 57 | 84,898.0 |
| BRK | Oct 26, 12:00 AM | Oct 26, 12:00 AM | 79,800.0 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- NecklineOct 12, 04:00 AM · 79,800.0 → Oct 25, 08:00 PM · 79,800.0
- ResistanceOct 12, 04:00 AM · 84,352.0 → Oct 21, 04:00 PM · 84,898.0
This pattern's track record
On the 4h chart
56%
Target reached after breakout
- Breakout rate
- 48%
- Reached half the target
- 77%
- Average time to target
- 7.2 days
- Cases
- 55 resolved cases
All timeframes
62%
Target reached after breakout
- Breakout rate
- 52%
- Reached half the target
- 79%
- Average time to target
- 7.9 days
- Cases
- 271 resolved cases
What is this pattern?
After an advance, two peaks form at about the same level. The low between them is the trigger; a close below it targets a move equal to the peak-to-trough height.
A close above the peaks invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.