|
Title: Has there only been one double top since 2017? Post by: thegoatiest on October 11, 2018, 07:41:46 PM Heya,
I've just read about double tops... and now I'm looking back over the last couple years of charts to try and identify them. (I've been looking at Ethereum charts at the time of writing this) I'm pretty sure there was one at the ATH, first peak on the 13th Jan and second on the 28th Jan. The second peak had slightly lower volume which was perhaps confirmation..? Apart from that - I can't seem to find any others, I guess it has been a bear market since then... Am i on the right track? Or have i missed something. I was using a daily chart for this. Title: Re: Has there only been one double top since 2017? Post by: kryptqnick on October 11, 2018, 08:18:37 PM Heya, Double top is a situation when there was a significant increase of the price, which was followed by a drop and then another increase. Even though the perfect top is when the peaks are equal, I guess we could lower the standards and say that what you're talking about is also a double top. I'd call the February 20 and March 5 2018 a double top as well. Another pretty perfect double top in November 30 2013 and December 4 2013. There are many of them, really, just like double downs. Why are they of interest to you anyway? It's just a natural thing to happen.I've just read about double tops... and now I'm looking back over the last couple years of charts to try and identify them. (I've been looking at Ethereum charts at the time of writing this) I'm pretty sure there was one at the ATH, first peak on the 13th Jan and second on the 28th Jan. The second peak had slightly lower volume which was perhaps confirmation..? Apart from that - I can't seem to find any others, I guess it has been a bear market since then... Am i on the right track? Or have i missed something. I was using a daily chart for this. Title: Re: Has there only been one double top since 2017? Post by: xIIImaL on October 11, 2018, 08:42:36 PM Heya, I've just read about double tops... and now I'm looking back over the last couple years of charts to try and identify them. (I've been looking at Ethereum charts at the time of writing this) I'm pretty sure there was one at the ATH, first peak on the 13th Jan and second on the 28th Jan. The second peak had slightly lower volume which was perhaps confirmation..? Apart from that - I can't seem to find any others, I guess it has been a bear market since then... Am i on the right track? Or have i missed something. I was using a daily chart for this. Double the value means last year bitcoin and altcoins showed it well and went up with the big growth after the mid of January this year price started falling in the marketplace. Before that many of the holders and traders was telling we may expect the bitcoin value at 25k USD but unfortunately it doesn't happened as of now bearish market and fake news only holding the market. Title: Re: Has there only been one double top since 2017? Post by: thegoatiest on October 12, 2018, 10:38:56 AM Thanks!!
I'm learning chart patterns. And want to get better at spotting them. I'll have a look at those now ;D Yeah the crash this year was brutal... |