Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Double Bottom Pattern Strategy
A Guide on Understanding the Double Bottom Pattern
Cryptocurrency traders have turned to traditional technical analysis tools to track crypto prices due to extreme market volatility in the crypto space. Although crypto prices are highly volatile, they behave similarly to the old principles of traditional markets, and that is where double-bottom patterns come in. Double bottom patterns, known as W bottoms, are technical analyses charting bullish patterns. Traders regard double bottom and double tops as the most commonly used chart patterns in trading. They are often found on…
4 years ago