triplebottom

📘 What are Triple Tops and Triple Bottoms?
$ETH gave us a textbook example of this pattern just weeks ago. Price tested the same level three times before picking a direction.
• Triple Bottom: price hits the same low three times and holds. Bullish, it often ends a downtrend or a long range.
• Triple Top: price hits the same high three times and fails. Bearish, it often ends an uptrend.
Why three? Every test that holds shows the other side is running out of strength. Sellers tried three times to break the floor and failed.
📊 Live chart in the cover and in the image post below.
🔍 How to spot a Triple Bottom
• Three clear lows at about the same price (within ~1–2%)
• Each low is separated by a bounce. The highs of those bounces form the resistance line
• The lows are usually days or weeks apart, not hours
• Volume often fades on the second and third test
• The signal comes only when a candle CLOSES above resistance
A Triple Top is the mirror image: three equal highs, the support line is the lows between them, and the signal is a close BELOW it.
📈 How traders use it
• Entry: on the daily close above resistance, or on a retest of that level from above
• Stop-loss: below the third low (for a triple top: above the third high)
• Target: measure the height (resistance minus the lows) and add it on top of resistance
🧪 Real example: $ETH , August–September 2026
• Low 1: Aug 23 at $2,355.7
• Low 2: Sep 2 at $2,356.4
• Low 3: Sep 15 at $2,358.9
• Three lows only $3 apart. A rock-solid floor.
• Resistance: the Aug 27 high at $2,566.5
Fakeouts along the way:
• Sep 11: a wick to $2,666, but the day closed at $2,516, back inside the range
• Sep 14: a wick to $2,615, close at $2,516 again
• Traders who bought those wicks got trapped. No close = no signal.
The real breakout:
• Sep 18: daily close at $2,612, above resistance, volume doubling vs the day before
Target math:
• Height = $2,566.5 − $2,355.7 = $210.8
• Target = $2,566.5 + $210.8 = $2,777
• ETH tagged $2,807 on Sep 21, three days later. Target hit.
Fun detail: the same range also had three highs near $2,550 (Aug 21, Aug 27, Sep 4). That looked like a triple top, but it never closed below $2,356, so the bearish version was never confirmed.
Where ETH is now: $2,702, above the 20-day EMA ($2,643) and 50-day EMA ($2,483), daily RSI 61.8. Note that $2,777 has capped price twice (Sep 22 and Oct 2). A third rejection there is something to watch.
⚠️ Common mistakes
• Buying the wick, not the close. Sep 11 and Sep 14 were both traps
• Calling it early. Many "triple bottoms" break down on the fourth test
• Lows too far apart in price. If they differ by 5%+, it's not the same level
• Forgetting the stop. Below the third low is your line in the sand
✅ Quick checklist
• Three lows (or highs) at nearly the same price?
• Resistance (or support) line drawn at the bounces between them?
• Daily CLOSE beyond the line, ideally with rising volume?
• Stop-loss placed beyond the third test?
• Target measured before entering?
💬 Do you trust triple bottoms more than double bottoms? Tell me why 👇
Not financial advice. DYOR.
#TradingTips #TripleBottom #ETH