The Tweezer Top is a two-candle bearish pattern that often appears after an uptrend. Both candles have the same high, showing strong resistance. This signals that buyers may be losing strength, and a price reversal could follow.
Why It Matters for Bitcoin ($BTC ):
In volatile markets like crypto, especially with Bitcoin, this pattern is often accurate. A Tweezer Top can help traders exit at the top or prepare for a short trade.
How to Trade It:
1. Look for it after a bullish trend.
2. Enter a short position below the second candle.
3. Set a stop-loss just above the pattern.
4. Target the next support level.
Example:
In 2021, Bitcoin formed a Tweezer Top near $64,000 before a big drop. Traders who saw it early avoided losses.
Conclusion:
The Tweezer Top is a small pattern with a big message. Learn it, watch for it—especially on BTC—and trade smarter.
