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Double Bottom
What is a Double Bottom?
A double bottom is a bullish reversal pattern in technical analysis. It's characterized by a drop in price, followed by a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The pattern resembles the letter "W" when viewed on a price chart.
Key Aspects
Reversal Pattern: Indicates a potential change from a downtrend to an uptrend.
"W" Shape: Appears as a "W" on price charts.
Support Level: The bottom of each drop often represents a support level.
Volume: Often accompanied by decreasing volume on the second drop.
Confirmation: The pattern is confirmed when the price breaks above the middle peak of the "W".
How Double Bottoms Work
Initial Drop: Price falls to a support level.
First Rebound: Price bounces back from the support level.
Second Drop: Price falls again to the same or similar support level.
Second Rebound: Price bounces back again.
Breakout: Price moves above the middle peak, confirming the pattern.
Double Bottom vs. Other Chart Patterns
Double Top: The inverse of a double bottom, indicating a bearish reversal.
Head and Shoulders: Another reversal pattern, but with three peaks instead of two troughs.
Triple Bottom: Similar to double bottom, but with three troughs instead of two.
Rounding Bottom: A more gradual reversal pattern without distinct bottoms.
Similar Terms
Bull Trap: A false signal indicating that a declining trend in a market has reversed.
Bear Market: Prolonged period of price decline.
Technical Analysis: The broader field of study that includes pattern analysis like the Death Cross.
ChainFi, Inc (dba "Arch Lending" and referred to as "Arch" on this website) is not a bank.
Loan Services. Crypto backed loans (“Loans”) are offered to U.S. borrowers by ChainFi, Inc. NMLS #2637200. NMLS Consumer Access.
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Supported Assets. For the latest list of supported assets, refer to our Help Center.
No Financial, Investment or Tax Advice Provided. The information on this website, articles, guides, tools, or communications, is for general informational purposes only. It is not, and should not be construed as, financial, investment, tax, or other professional advice. Arch is not a financial advisor, investment advisor, broker, tax advisor, or accounting firm. We do not provide personalized advice or recommendations for your unique financial situation or goals. You should consult a qualified professional before making any financial, investment or tax decisions. Any examples, hypothetical scenarios, calculator results, or general discussions of financial or tax concepts are for illustration only and don't guarantee specific outcomes or apply to your personal circumstances. By using this website, you acknowledge you are solely responsible for your financial decisions and will seek independent professional advice as needed.
No Guarantee of Offers, Loans, or Returns. Your use or access to this website or platform does not guarantee the availability of any current and/or future offer, promotion, terms, loan, or return. All offers, promotions, terms, and loans are subject to availability and the sole discretion of Arch. We reserve the right to modify or withdraw any offering at any time without prior notice.
State-Specific Disclosures. Additional state-specific disclaimers may apply depending on your location. We encourage you to review all relevant disclaimers and terms carefully before proceeding.
State of Idaho Disclaimer. In Idaho, ChainFi, Inc is doing business as Arch Lending and does not conduct activity under the name Arch.
ChainFi, Inc (dba "Arch Lending"), 595 Broadway, Floor 4, New York, NY 10012
For general questions, visit our Help Center or use the Intercom chat widget in the bottom right corner of any screen on this website.
For customer service or complaints, email us at support@archlending.com, or call us toll-free: +1 855-272-4670 between Monday-Friday from 9am-7pm ET and Saturday-Sunday from 10am-5pm ET.
© 2025 All Rights Reserved
ChainFi, Inc (dba "Arch Lending" and referred to as "Arch" on this website) is not a bank.
Loan Services. Crypto backed loans (“Loans”) are offered to U.S. borrowers by ChainFi, Inc. NMLS #2637200. NMLS Consumer Access.
Loan Availability. Loan availability may vary based on jurisdiction. Loans are not available to U.S. residents of AL, CA, DE, HI, ID, IL, MN, MS, MT, NV, ND, RI, SC, SD, TX, VT, VA, or WA or to U.S. businesses in CA, DC, HI, MT, NV, NM, ND, RI, SD, or VT. We encourage you to contact us to determine if our loans are available in your state.
Loan Agreement. Loans are issued pursuant to a loan agreement between Arch and you. This legally binding document outlines your rights, obligations, interest rates, repayment schedules, potential fees, default consequences, and any other terms and conditions related to your loan. Your loan agreement may contain state-specific provisions. By signing the loan agreement, you acknowledge your acceptance of these terms, so please ensure you understand every aspect before proceeding.
Interest Rates. Annual interest rates are subject to change and may vary based on loan type, the principal amount requested, and the borrower's jurisdiction of residence.
Supported Assets. For the latest list of supported assets, refer to our Help Center.
No Financial, Investment or Tax Advice Provided. The information on this website, articles, guides, tools, or communications, is for general informational purposes only. It is not, and should not be construed as, financial, investment, tax, or other professional advice. Arch is not a financial advisor, investment advisor, broker, tax advisor, or accounting firm. We do not provide personalized advice or recommendations for your unique financial situation or goals. You should consult a qualified professional before making any financial, investment or tax decisions. Any examples, hypothetical scenarios, calculator results, or general discussions of financial or tax concepts are for illustration only and don't guarantee specific outcomes or apply to your personal circumstances. By using this website, you acknowledge you are solely responsible for your financial decisions and will seek independent professional advice as needed.
No Guarantee of Offers, Loans, or Returns. Your use or access to this website or platform does not guarantee the availability of any current and/or future offer, promotion, terms, loan, or return. All offers, promotions, terms, and loans are subject to availability and the sole discretion of Arch. We reserve the right to modify or withdraw any offering at any time without prior notice.
State-Specific Disclosures. Additional state-specific disclaimers may apply depending on your location. We encourage you to review all relevant disclaimers and terms carefully before proceeding.
State of Idaho Disclaimer. In Idaho, ChainFi, Inc is doing business as Arch Lending and does not conduct activity under the name Arch.
ChainFi, Inc (dba "Arch Lending"), 595 Broadway, Floor 4, New York, NY 10012
For general questions, visit our Help Center or use the Intercom chat widget in the bottom right corner of any screen on this website.
For customer service or complaints, email us at support@archlending.com, or call us toll-free: +1 855-272-4670 between Monday-Friday from 9am-7pm ET and Saturday-Sunday from 10am-5pm ET.
© 2025 All Rights Reserved
ChainFi, Inc (dba "Arch Lending" and referred to as "Arch" on this website) is not a bank.
Loan Services. Crypto backed loans (“Loans”) are offered to U.S. borrowers by ChainFi, Inc. NMLS #2637200. NMLS Consumer Access.
Loan Availability. Loan availability may vary based on jurisdiction. Loans are not available to U.S. residents of AL, CA, DE, HI, ID, IL, MN, MS, MT, NV, ND, RI, SC, SD, TX, VT, VA, or WA or to U.S. businesses in CA, DC, HI, MT, NV, NM, ND, RI, SD, or VT. We encourage you to contact us to determine if our loans are available in your state.
Loan Agreement. Loans are issued pursuant to a loan agreement between Arch and you. This legally binding document outlines your rights, obligations, interest rates, repayment schedules, potential fees, default consequences, and any other terms and conditions related to your loan. Your loan agreement may contain state-specific provisions. By signing the loan agreement, you acknowledge your acceptance of these terms, so please ensure you understand every aspect before proceeding.
Interest Rates. Annual interest rates are subject to change and may vary based on loan type, the principal amount requested, and the borrower's jurisdiction of residence.
Supported Assets. For the latest list of supported assets, refer to our Help Center.
No Financial, Investment or Tax Advice Provided. The information on this website, articles, guides, tools, or communications, is for general informational purposes only. It is not, and should not be construed as, financial, investment, tax, or other professional advice. Arch is not a financial advisor, investment advisor, broker, tax advisor, or accounting firm. We do not provide personalized advice or recommendations for your unique financial situation or goals. You should consult a qualified professional before making any financial, investment or tax decisions. Any examples, hypothetical scenarios, calculator results, or general discussions of financial or tax concepts are for illustration only and don't guarantee specific outcomes or apply to your personal circumstances. By using this website, you acknowledge you are solely responsible for your financial decisions and will seek independent professional advice as needed.
No Guarantee of Offers, Loans, or Returns. Your use or access to this website or platform does not guarantee the availability of any current and/or future offer, promotion, terms, loan, or return. All offers, promotions, terms, and loans are subject to availability and the sole discretion of Arch. We reserve the right to modify or withdraw any offering at any time without prior notice.
State-Specific Disclosures. Additional state-specific disclaimers may apply depending on your location. We encourage you to review all relevant disclaimers and terms carefully before proceeding.
State of Idaho Disclaimer. In Idaho, ChainFi, Inc is doing business as Arch Lending and does not conduct activity under the name Arch.
ChainFi, Inc (dba "Arch Lending"), 595 Broadway, Floor 4, New York, NY 10012
For general questions, visit our Help Center or use the Intercom chat widget in the bottom right corner of any screen on this website.
For customer service or complaints, email us at support@archlending.com, or call us toll-free: +1 855-272-4670 between Monday-Friday from 9am-7pm ET and Saturday-Sunday from 10am-5pm ET.
© 2025 All Rights Reserved