USDtb is a blockchain-based USD stablecoin primarily backed by BlackRock's BUIDL tokenized treasury fund. Learn more here.

 have become a cornerstone of the crypto ecosystem, providing stability in a market known for its volatility. Among recent innovations is USDtb, a new stablecoin from Ethena Labs that leverages BlackRock's tokenized funds to create a reliable digital dollar alternative. 

This article examines USDtb's unique structure, its relationship with Ethena's existing 

 stablecoin and the way it bridges traditional finance with decentralized systems to offer a differentiated risk profile for both retail and institutional users.

 is a blockchain-based USD stablecoin primarily backed by the BlackRock BUIDL tokenized treasury fund. It provides institutional-grade stability with 24/7 accessibility in volatile market conditions.

, USDtb follows a traditional fully-backed stablecoin model in which each token represents one US dollar. This structure ensures value stability and transparency through a direct 1:1 backing relationship.

Eighty percent of USDtb reserves are invested in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which holds cash, repurchase agreements and US Treasury instruments. The remaining 2% is held in stablecoins like 

, in order to maintain immediate liquidity during weekends or holidays when traditional treasury markets are closed.

, is known for USDe, its innovative synthetic dollar. The Ethena protocol bridges traditional finance with decentralized systems through sophisticated financial engineering and institutional partnerships.

Generally based on Arthur Hayes's early 2023 "Dust on Crust" blog post, Ethena has quickly established itself as a major player in the stablecoin ecosystem. The protocol employs 

 that pair spot crypto assets with corresponding short positions on derivatives exchanges, enabling impressive revenue while maintaining stability.

The Ethena ecosystem is governed by its native ENA token. With the introduction of USDtb, Ethena expands its offerings to include a fully-backed stablecoin supported by BlackRock's institutional-grade BUIDL fund, thus diversifying its solutions to suit different market conditions and users.

BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund that invests in dollar-equivalent assets, including cash, US Treasury bonds and repurchase agreements. Developed in partnership with Securitize, a leading 

 tokenization company, BUIDL represents BlackRock's entry into the tokenized treasury space.

BUIDL is cross-chain compatible, operating across multiple blockchains including Ethereum, 

. As the largest tokenized fund of its kind, BUIDL provides institutional-grade backing for USDtb, lending credibility to the stablecoin through BlackRock's established reputation in traditional finance.

USDtb represents Ethena's strategic approach to creating a more resilient ecosystem that can weather various market conditions, while bridging the gap between DeFi innovation and traditional financial systems. Following are some of its characteristics.

USDtb operates as a blockchain-based stablecoin through a sophisticated infrastructure designed for independence, transparency and security. Unlike traditional dollars, USDtb enables faster and cheaper transactions, while maintaining stability through institutional-grade backing.

The minting and redemption process occurs through a 

 system with strict controls. Only verified

 checks can mint or redeem USDtb directly. The system’s safeguards include maximum mint/redeem limits per block and whitelisted custodian addresses to prevent manipulation.

For transparency, USDtb maintains visible on-chain 

 and publishes monthly fund administrator NAV reports. Holders can use USDtb just as any digital dollar for payments, trading or storing value, though they receive no governance rights or claims to income generated by the backing assets.

USDtb offers the following four key benefits that make it a distinctive and valuable addition to the digital asset ecosystem.

USDtb delivers institutional-grade security through its strategic backing by BlackRock's BUIDL fund, which comprises over 80% of its reserves. This partnership leverages BlackRock's trillion-dollar asset management expertise, providing unparalleled stability and trust.

The USDtb stablecoin's sophisticated legal framework features a bankruptcy-remote structure, while its core smart contracts have successfully passed three comprehensive security audits by industry leaders Pashov Audit Group, Quantstamp and Cyfrin.

USDtb creates powerful bridges between traditional finance systems and cryptocurrency markets. For institutions, it serves as a low-friction entry point to digital assets without requiring users to navigate the complexities of volatile cryptocurrencies.

For individual users, USDtb is designed for seamless integration across DeFi protocols, use as collateral on 

 (CEXs) and prime broking venues, and direct accessibility for TradFi institutions — expanding its role within both digital and traditional financial ecosystems.

USDtb combines world-class expertise from multiple industry leaders. Ethena has demonstrated remarkable execution capability by scaling USDe to over $6 billion in market cap, while BlackRock brings unmatched credibility and treasury management expertise.

In addition, Securitize contributes cutting-edge tokenization technology as the recognized leader in converting real-world assets to blockchain tokens, creating a stablecoin with institutional pedigree, which is rarely seen in cryptocurrency markets.

Unlike TradFi systems that are constrained by business hours and settlement windows, USDtb operates continuously on blockchain infrastructure. This enables round-the-clock trading, transfers and redemptions, regardless of traditional market hours.

The strategic 20% stablecoin reserve ensures seamless redemptions, even during weekends or holidays — when treasury markets are closed — thus eliminating cross-border friction and enabling value transfers in minutes (rather than days).

USDtb's forward-looking strategy focuses on expanding its ecosystem presence and institutional adoption throughout 2025. The project aims to establish USDtb as a reliable dollar alternative, with multiple avenues for growth.

Looking toward broader financial applications, Ethena plans to incorporate USDtb into new DeFi offerings, including perpetual swap trading, prediction markets and undercollateralized lending solutions. These expanded use cases aim to increase USDtb utility beyond simple transfers.

USDtb operates as a fully collateralized stablecoin with a straightforward 1:1 peg to the US dollar. Each token is backed by institutional-grade assets, primarily BlackRock's BUIDL treasury fund (80%) and USDC reserves (20%), creating a stable digital dollar alternative.

The token supply expands and contracts, based on market demand, through a controlled minting and redemption process. New USDtb can only be created when onboarded users deposit equivalent value in approved assets, ensuring the backing never falls below 100%.

Distribution follows a hybrid model: initial minting is restricted to KYC-verified participants, but once in circulation, USDtb tokens trade freely across blockchain ecosystems with no transfer restrictions. This approach balances regulatory compliance with the open accessibility expected within 

USDtb is purely a transactional asset, with no governance functions. Holders receive no voting rights, participation in management decisions or claims to revenue generated by the backing assets — keeping the token's purpose clear as a stable medium of exchange and store of value.

Looking to trade USDtb tokens? Bybit now offers the USDtb/USDT Spot trading pair. To get started, you'll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is launching a 30-day promotional event with a 5% APR on USDtb holdings, as well as a permanent rewards program. Find out more 

Minting/Redeeming USDtb directly requires KYC and onboarding, in addition to following a structured verification process:

: Prospective users must first confirm they’re in a permitted jurisdiction by reviewing the 

: Qualified entities should make contact via this 

 to begin the evaluation process and determine suitability.

: All applicants must complete comprehensive know-your-customer and anti–money laundering verification. This process is thorough, and is designed to meet institutional compliance standards.

: Upon successful verification, users may be onboarded at their discretion, subject to the USDtb Terms and USDtb Mint User Agreement.

: Whitelisted users can then deposit approved assets into the system and receive newly minted USDtb through the secure smart contract infrastructure.

The direct minting process is primarily designed for qualified institutional participants who can meet the regulatory and compliance requirements.

While USDtb offers institutional-grade stability in the stablecoin market, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its institutional backing and integration with Ethena's ecosystem, USDtb shows promise as a stable digital dollar alternative, particularly during market downturns. However, potential investors should 

 and consider their goals before investing, as USDtb is primarily a stability tool, rather than a yield-generating asset.

USDtb merges BlackRock's institutional credibility with blockchain technology's accessibility, creating a powerful bridge between traditional finance and decentralized systems. With its secure backing structure, utility during times of market volatility and an ambitious integration road map, USDtb is positioned to become a significant player in the digital dollar ecosystem.

Intermediate

usdtb.png

USDtb: The Ethena stablecoin backed by BlackRock's digital funds

Stool Prisondente (JAILSTOOL) is a meme coin launched on Solana, which stems from an inside joke within Dave Portnoy's Barstool Sports community.

Meme coins thrive on hype, but few have the backing of an internet icon like Dave Portnoy. Stool Prisondente (JAILSTOOL), a Solana-based token, was born from a joke about Portnoy’s hypothetical imprisonment, and has since become a real, tradable asset. Its rise highlights the ongoing Solana meme coin frenzy — as speculation meets sheer internet absurdity.

But is JAILSTOOL just another flash-in-the-pan meme coin, or could Portnoy’s influence push it toward becoming something bigger? This article will cover everything you need to know, from its origins and market performance to the risks of trading a coin driven entirely by online sentiment.

The Solana meme coin scene is a high-stakes, high-reward battlefield, where new tokens rise and fall within days — sometimes hours. Recent months have been particularly wild:

Unlike many meme coins that pop up without real backing, JAILSTOOL’s so-called Portnoy effect sets it apart.

, a media empire built on sports, pop culture and internet controversy. Portnoy is a polarizing figure, known for his unfiltered takes, viral rants and ability to move markets through sheer personality — whether in stocks or crypto.

During the 2021 crypto bull run, Portnoy dabbled in Bitcoin (BTC), Dogecoin (DOGE) and other speculative assets, often live-streaming his trades to his millions of followers. Though his crypto track record is mixed, his ability to command attention is undeniable.

This influence has played a major role in JAILSTOOL’s rapid rise.

The origin of Stool Prisondente, a meme coin launched on Solana, stems from an inside joke within the Barstool Sports community. Its name references a hypothetical scenario in which Portnoy ends up in prison — a concept that his audience found amusing enough to turn into a cryptocurrency.

The token was minted shortly after Portnoy publicly expressed interest in getting reinvolved with meme coins. Seizing the moment, opportunistic traders launched JAILSTOOL — and, thanks to Portnoy’s implicit endorsement, it quickly gained traction.

Though Stool Prisondente has no fundamental utility, its value lies in community engagement and the ongoing meme-driven trading culture that has defined Solana’s recent market dynamics.

 a fully diluted valuation (FDV) of $9.35 million, with a 24-hour trading volume of $12.45 million. The token hit an all-time high (ATH) of $0.2179 on February 9, 2025, when it reached a peak FDV of over $209 million. However, it has since plunged by over 95%, highlighting the extreme volatility of meme coins, and is currently 17.3% above its ATL of $0.007417 on February 18, 2025. 

The coin has experienced wild price swings typical of meme-driven assets. Early traders saw huge gains, while latecomers have been caught in inevitable sell-offs. This volatility is a feature, not a bug, and is what makes meme coins both exciting and incredibly risky.

 have directly impacted JAILSTOOL’s price movements. His ability to drive engagement and trading volume is reminiscent of Elon Musk’s influence over Dogecoin.

Several of Portnoy’s recent tweets have kept the coin’s momentum alive, with traders hanging onto every word for potential buy or sell signals. However, Portnoy himself has been careful not to overcommit — and therefore, likely to avoid any regulatory scrutiny.

Still, the mere association with Portnoy has been enough to sustain interest, proving once again that in the meme coin market, narrative often outweighs fundamentals.

For all its hype, JAILSTOOL is a high-risk asset, and potential investors should proceed with caution. Here’s why:

In short, investing in JAILSTOOL is more like betting than traditional investing. If you’re in it, you’re speculating on the next viral moment, rather than long-term value.

Stool Prisondente (JAILSTOOL) is a prime example of the modern meme coin era — a joke that turns into a multimillion-dollar token through hype, community engagement and effective influencer backing. Its association with Dave Portnoy has given the meme coin a stronger foothold than most new ones.

For those looking to trade JAILSTOOL, it’s now available on Bybit, where users can access the 

Beginner

jailstool.png

Stool Prisondente (JAILSTOOL): Dave Portnoy–Backed Meme Coin

Canary Capital, led by former Valkyrie co-founder Steven McClurg, has filed with the SEC to launch an ETF tracking Axelar’s AXL token, citing its strong developer team and growing institutional adoption. 

The S&P 500 gained 1.12%, led by materials, consumer discretionary, and industrials, after a one-month auto tariff exemption. Gold dipped 0.1% to $2,913.79, holding above $2,900 amid tariff concerns and ahead of U.S. payroll data. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.42%, with Bitcoin and Ether rising by 4.24% and 2.71%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is KAITO, which surged nearly 6.51% following the announcement of Kaito AI powering FalconX’s AskFocal to enhance crypto market insights.

Kaito (KAITO), founded in 2022, is an AI-powered crypto search engine that indexes web3 sources beyond traditional search engines. Priced at $1,099/month, it gathers data from platforms like Twitter, Discord, and research papers, using AI to filter noise and assess sentiment. 

, an AI-driven platform helping 80+ funds managing $10B+ navigate crypto markets by analyzing sentiment and filtering data from partners like CoinGecko and Token Terminal.

Check Out the Latest Prices, Charts, and Data of 

Canary Capital, led by former Valkyrie co-founder Steven McClurg, has filed with the SEC to launch an ETF tracking Axelar’s AXL token, citing its strong developer team and growing institutional adoption. Axelar, a cross-chain protocol integrated by J.P. Morgan, Microsoft, Uniswap, and MetaMask, enables secure blockchain interoperability. Former Coinbase legal chief Brian Brooks has joined Axelar’s new Institutional Advisory Board to support regulatory alignment. McClurg believes AXL will become a top-20 token as the market recognizes its potential.

Yesterday, BTC Spot ETFs saw a total net outflow of $6.9M, with no change in GBTC and the entire outflow coming from non-GBTC funds.

, a game server platform, raised $13.5M in funding and is backed by Bitkraft, Solana, and Polygon. Its Beamable Points Program is live, allowing users to earn points for a potential airdrop. The "Day 1 OG Badge" claim ends in 6 hours, so users should quickly create an account, complete tasks, and claim the badge.

3.png

Canary Capital Files for Axelar ETF as Institutional Adoption Grows

Aave's new proposal outlines a major update to its tokenomics, focusing on revenue distribution, risk management, and a buyback initiative.

The S&P 500 dropped 1.22%, with most sectors down except tech, which gained on chipmakers and crypto stocks. Gold rose to $2,918 as US tariffs weakened the USD, fueling safe-haven demand amid recession fears. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.02%, with Bitcoin and Ether rising by 1.02% and 3.20%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is ADA, which surged nearly 18.4% following major developments, including its inclusion in the U.S. Crypto Strategic Reserve, governance advancements, and staking updates.

Cardano (ADA), founded in 2015 is a third-gen Proof of Stake blockchain designed to address scalability issues. Its five-phase roadmap—Byron (launch), Shelley (decentralization), Goguen (smart contracts), Basho (sidechains), and Voltaire (governance)—aims to make Cardano fully decentralized and self-funded. 

 ADA’s inclusion in the U.S. Crypto Strategic Reserve, an upgraded staking rewards calculator, and IOG’s new documentary on Cardano’s governance. Other key updates include Babel Fees for flexible payments, the 2025+ governance roadmap for on-chain voting, and the launch of the Cardano Development & Ecosystem Cooperative (CDEC) to drive decentralized innovation.

 outlines a major update to its tokenomics, focusing on revenue distribution, risk management, and a buyback initiative. It retains rewards for GHO stakers while introducing “Anti-GHO,” a non-transferable token earned by AAVE and StkBPT stakers. The “Umbrella” safety system is designed to reduce the impact of bank runs and safeguard against bad debt. Additionally, the proposal suggests forming the Aave Finance Committee (AFC) to manage a $1M/week AAVE buyback over six months. With DeFi expanding and Aave leading at $17.5B in total value locked, buybacks are increasingly used to boost investor confidence and ecosystem resilience.

Yesterday, BTC Spot ETFs had a net outflow of $143.5M, with GBTC unchanged and all losses from non-GBTC funds.

 token on Ronin on March 11 after migrating from Avalanche. The 7B supply token will fuel the game's ecosystem, with 50% allocated to community incentives, including airdrops and staking rewards. A community sale via Ronin Launchpad offers FAME at $0.00429 before launch. The game, backed by NBA stars and brands like Gatorade, aims to expand its sports gaming presence.

Aave Proposes Tokenomics Revamp with Safety System, Revenue Redistribution, and Buybacks

Candlestick

Trading

A triple top and bottom chart pattern are rare but powerful formations that signal an upcoming reversal in trend. Learn how to spot these patterns to secure the winning trades.

What_Are_Triple_Top_and_Bottom_Patterns_in_Crypto_Trading.jpg

Triple_Bottom_Pattern.jpg

Triple_Top_Pattern.jpg

Triple_top_pattern_vs_head_and_shoulders.jpg

BTCUSD_Perpetual_Contract.png

Start_of_Downtrend.png

Confirmed_Triple_Bottom_on_a_Break.png

Triple_Top_Confirmed_on_a_Break_Lower.png

Ether_(ETH).png

Triple_Bottom_High_Point.png

Triple_Bottom_High_Point_2.png

The triple top and triple bottom patterns are rare but powerful formations that signal a reversal in trend. They’re useful in crypto trading, as the triple bottom could be the kickoff to a new bullish trend while the bearish triple top could signal a near-term correction. However, it is unlikely to spot a perfect triple top or bottom pattern where the horizontal resistance and neckline are parallel to one another. The rarity of these patterns is what makes them powerful. 

The ingredients to spotting a triple pattern are simple and, once observed, can be easily utilized as a source of 

 to formulate a trading strategy. We’ll review the triple top and bottom patterns and discuss how to generate a trade idea once you spot these chart patterns.

A triple bottom is a chart pattern that occurs at the end of a downtrend. It is a bullish candlestick pattern that consists of three failed attempts at new lows near the same price and is confirmed once the price breaks higher above resistance.

The triple bottom pattern forms after prices have been correcting lower. The crypto market begins to rebound but fails to follow through to the upside. Additionally, each failed rebound is met with a failed attempt at new lows, and the market trades in a sideways range. Sellers become completely exhausted, and the market rebounds a third time, but with enough energy to break out higher.

The pattern looks like the letter “W” as the lows of the pattern form near the same price level. Some traders would suggest the pattern takes the shape of a rectangle as well. Both interpretations are valid, as the pattern is a bullish reversal setup.

Understanding a Bullish and Bearish Reversal Pattern

A bullish reversal pattern is a formation on a chart that suggests a downtrend or correction will reverse, becoming an uptrend. There are three parts to a bullish reversal pattern:

Patterns like the hammer candlestick or bullish engulfing are other examples of bullish reversal patterns.

The opposite of a bullish reversal pattern is a bearish reversal pattern. It has three parts as well, corresponding to those of a bullish reversal:

Patterns like the bearish engulfing or rising wedge formation are examples of bearish reversals.

In addition to reversal patterns, there are continuation patterns. Continuation patterns do not reverse but simply trade sideways before a breakout continues in the direction of the original trend. Patterns like flags and 

 are examples of consolidation patterns.

What Does the Triple Bottom Pattern Represent?

The triple bottom pattern is a bullish reversal pattern. This means that once you spot the triple bottom chart patterns, you can anticipate a bullish rebound that eventually breaks above the pattern’s high.

This is useful for long-term HODLers, as the pattern’s confirmation represents another opportunity to add to your bullish position. The triple bottom pattern can also be used as an exit signal for those traders who want to short the market.

The reliability of the triple bottom will depend on how close the actual pattern conforms relative to the idealized one. If the actual market carves close to an idealized pattern, then the results are fairly reliable.

The triple top is a bearish chart pattern that tests the high of a price three times before the price falls and breaks to new lows. As opposed to the triple bottom, it appears at the end of an uptrend suggesting a likelihood of trend change.

The triple top chart pattern forms after a sustained rally. The buyers and whales are no longer supporting the rally, and sellers are pushing prices down. However, sellers aren’t strong enough to create a new downtrend initially. 

 takes place, as each short correction is met with another rally that fails near the old highs. Eventually, the bulls are exhausted and the crypto market begins its correction, breaking below the recent support.

The triple top pattern looks similar to the letter “M,” except that there are three failed attempts at new highs that are close to one another, creating three peaks. 

The triple top looks somewhat similar to the head and shoulders pattern, except the three highs price pattern, are somewhere near the previous same price level. In contrast, a head and shoulders pattern will see the middle top exceed the highs to its left and right.

The results of both the triple top and head and shoulders patterns are similar, as each pattern implies a break below the support as a new downtrend is created.

The triple top pattern is quite useful for bullish traders, as the bearish pattern signals a potential deep correction is coming. This allows bullish traders to adjust their 

 and deploy their risk management strategy or close out a portion of their position to lock in profits.

Since the triple top is a bearish reversal chart pattern, bearish traders may use the pattern as a signal to enter the crypto market as a short seller. This would allow a trader to profit if the price were to move lower as intended.

How to Spot Triple Top and Bottom Patterns on a Crypto Chart

Triple top patterns can appear on any chart time frame, but they must form after an uptrend. To identify a triple top, look for a large rally that’s topped with three failed attempts at new highs.

The three failed attempts at new highs should print near the same price. If they deviate significantly in price from one another, then there’s likely another pattern forming that’s different from the triple top.

Let’s look at a specific example. In the Bitcoin 15-minute chart below, BTC rallies 9% from $42,100 to $45,876 in a matter of minutes. This rally forms the uptrend and the beginning of the triple top pattern.

Bitcoin fails to rally further and corrects back to $42,130, then begins another rally attempt. This rally attempt fails at $45,800 in a bearish 

 pattern and corrects again to $44,628. This rally attempt is the second failure to form a new high.

After finding a bottom at $44,628, a third rally attempt starts, carrying to $45,694 before failing and reversing lower.

These three failed attempts all reverse near the same price level between $45,694 to $45,876. These amounts are all within 0.4% of each other.

The anatomy of a triple bottom is the opposite of a triple top.

Using the Bitcoin daily chart time frame as another example, three failed attempts to new lows occur between May and July 2021.

On April 14, 2021, Bitcoin began a large and swift correction that found its first support at $29,800. This low forms the first failed attempt of lower lows in the triple bottom pattern.

Bitcoin then rallies to $42,444, which forms the high point of the triple bottom pattern. At this price, Bitcoin then trades lower to $28,726, which forms the second low of the triple bottom.

After rallying for a bit, another attempt at a breakdown fails at $29,258. This last low becomes the final low of the triple bottom pattern. From this low, Bitcoin aggressively rallies to new highs above the high of the pattern at $42,444.

What Happens After a Triple Bottom Pattern?

After the three low points of a triple bottom have formed, anticipate a bullish reversal to break out to new price highs. To confirm the breakout higher, first identify the high point of the triple bottom pattern.

The easiest way to identify the high point is to place vertical lines at the first and third bottoms of the pattern. Then, identify the highest price point (or peak) between those two vertical lines. In the chart below, the highest price between the three bottoms is $42,396. Mark this high point with a horizontal line that extends to the right.

The sustained break above this high price point will alert the bullish trader the reversal is underway — and even higher prices are likely coming. This confirmation isn’t 100% foolproof, but it does provide a level of reliability that traders can count on to make higher probability trades.

Other confirming factors can help support the case for a bullish break, such as increasing volume on the upside movement, or expanding ranges of the bullish candles.

These conditions don’t necessarily have to be present for a bullish breakout to succeed. However, their presence further confirms the likelihood of follow-through on the breakout.

After the three high points of a triple top have formed, anticipate a bearish reversal. The bearish reversal chart pattern is confirmed when the price breaks below the low point of the triple top.

To confidently identify the triple top pattern’s low point, mark a vertical line at high points (1 and 3 in the illustration below). Then, identify the lowest price on the chart between the two vertical lines. Mark a horizontal line at the lowest price point identified. Make sure this line extends to the right. This triple top low point will become the price level where we can confirm the pattern and its break downward in a new correction.

In the Bitcoin chart above, after failing at these three highs the largest cryptocurrency starts a more robust downtrend. This pattern is confirmed when we see a new low below the low of the triple top pattern. The lowest price between the three tops is $42,130.

If the price fails to break below the low point of the triple top pattern, then the triple top isn’t confirmed. Failure to confirm a break lower suggests that there’s another pattern carving — and that you should avoid selling short.

How to Trade with the Triple Bottom Pattern

Once the three extreme price points of the pattern are discovered, confirming and trading the pattern is fairly straightforward.

During the summer of 2021, Ether (ETH) was correcting lower to consolidate previous gains. Standing back and looking at the daily chart, you can easily identify three low points forming near the same price level.

The first low point is at $1,728, the second is at $1,697 and the third is at $1,716. The three prices are separated by less than 2% of the respective previous prices.

Now, it’s time to set up the entry for the triple bottom pattern. To do so, we need confirmation first. The triple bottom is confirmed once price breaks above the high point of the pattern.

The high point of the pattern is found by marking the first and third bottoms with vertical lines. Then, find the highest price point between the two vertical lines and mark this with a horizontal line. In the ETH chart above, the high point of the pattern sits at $2,912. 

Since the triple bottom is a bullish reversal pattern, we’ll establish a long position at the breaking point. This means we want to go long at $2,912.

The stop loss is used to limit the losses on the trade and will be placed below the entry. A conservative stop loss can be placed at the lowest point of the triple bottom pattern. The lowest price point of this ETH triple bottom pattern is $1,697.

On a confirmed breakout higher, the market generally travels the same distance to the high point as it does to the low point of the triple bottom pattern.

The length of the triple bottom pattern is $1,215 ($2,912 high minus $1,697 low = $1,215). 

If we add $1,215 to the breakout price of $2,912, then an initial target is placed at $4,127.

Therefore, the stop loss will be placed at $1,697 and the take profit level at $4,127.

Limitations of the Triple Top and Bottom Patterns

A confirmed triple top or bottom pattern can be reliable, but neither one can be 100% accurate. 

A challenge that inexperienced traders may face is impatience. Beginners may see three failures near the same level and open their position accordingly. The limitation of such a decision is that the pattern hasn’t been confirmed. Entering into the position prematurely opens the door to a failed pattern — and a losing trade in the account.

Additionally, a trend direction tends to follow volume. If a breakout is occurring on a lack of volume, then it may fail. On the other hand, a breakout occurring on increased volume benefits the break and suggests we may see follow-through to the target.

Lastly, smaller cryptocurrencies have much less liquidity than large cryptos such as Bitcoin and Ether. This means there’s a greater chance that breakouts won’t follow through on these smaller cryptocurrencies, simply due to the size of their tokens.

Due to these limitations, a trader needs to implement a stop loss on every trade to ensure the account isn’t destroyed, should the market move against them.

The triple top pattern is a bearish reversal formation that can alert traders to an upcoming correction. Additionally, the triple bottom pattern can signal the kickoff to a new bull rally.

The triple top and bottom patterns have their limitations, so be mindful to wait until a formation is confirmed when using it to trade with larger 

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

What Are Triple Top and Bottom Patterns in Crypto Trading?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards