December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
Double tops and double bottoms: The guide that traders need
In crypto charts, these patterns are pure gold if you know how to read them well.
The Double Roof: Your Warning Signal
Imagine that the price goes up, up, up… but at a certain point it hits an invisible wall. It bounces back, tries again and… hits again! That is a double top. It's not by chance: the buyers ran out of fuel.
The play: When you see it rejecting that level for the second time, it's the moment. You enter short below the neckline (the line that connects the two peaks). The price generally falls sharply afterwards.
The Double Bottom: The Opposite, But Just as Effective
Same logic, but in reverse. After a prolonged drop, the price hits a low, bounces back, drops again and… cannot break that floor. Sellers have given up. Buyers are waiting.
The move: You go long when the second bottom confirms. The reversal is usually brutal upwards.
The Secret That No One Tells
These patterns work because they are pure market psychology. Traders see the same thing, act the same way, and the price moves predictably. But be careful: always confirm with volume and wait for the breakout of the neckline.
In BTC and alts, these patterns appear every cycle. Learning them is taking advantage of them.