#TradeToWin #OrderTypers101

📉 How to Track Coins That Are Oversold and in Double-Bottom Setup (Buy Zone Strategy)

To catch powerful reversal trades, you want coins that meet both of these criteria:

Double-bottom pattern (W-shape)

Oversold condition (typically RSI < 30 or price below lower Bollinger Band)


Here’s how to track these setups across coins on Binance using free and pro tools:



🛠️ Step-by-Step Tracking Guide
✅ 1. Use TradingView + Free Pine Scripts
A. Detect Double-Bottom Pattern Automatically

Go to TradingView.com and search for free indicators like:

"Double Bottom Finder" by AlgoxAlgo

"Patternsmart Auto Chart Pattern"

"Double Top/Bottom Detection" by TheTradingChannel

These scripts scan price action and flag “W” formations.

B. Check for Oversold Indicators

Add the following indicators to confirm oversold:


RSI (Relative Strength Index):

Below 30 = Oversold zone

Bollinger Bands:

If price touches or pierces the lower band, it's a sign of oversold conditions

⚠️ 2. Combine Both Conditions (Buy Signal Filter)

When a double-bottom is detected AND the coin is oversold (RSI < 30 or price under lower BB), it's a potential buy zone

You can manually scan your TradingView watchlist (e.g. BTCUSDT, ETHUSDT, SOLUSDT, etc.) with both indicators applied.


🚨 3. Set Alerts (Free or Pro)

In TradingView:

Set an alert on the double-bottom detection indicator

Add a secondary alert for RSI < 30

Combine them with manual or visual confirmation, or use Pine Script to trigger one alert when both conditions occur together.


🧪 Optional: Use Screeners
A. TradingView Screener

Use the Crypto Screener tab:

Filter by RSI < 30

Then manually check the charts for double-bottoms


B. Other Tools

ChartEx, TrendSpider, or LuxAlgo Premium offer visual pattern scanning with automated alerts for complex conditions (paid plans)
✅ Best Timeframes to Watch
TimeframeUse When1H or 4HShort-term swing trades or intraday setupsDailyHigher probability, longer hold tradesWeeklyMacro double-bottoms (e.g., BTC at cycle lows)

🔁 Recap: How to Spot Oversold Double-Bottom Coins
ToolUseTradingViewScan charts for pattern + RSI/BBScreenerFilter oversold RSI coinsAlertsCombine conditions using scriptsPine ScriptAutomate alerts with logicWatchlistBTC, ETH, SOL, MATIC, ADA, AVAX, etc.