Just two short weeks after Bitcoin price set a record for one of its largest single-day collapses in the asset’s young history, the latest sequence of price action has led to a devastatingly accurate sell signal, that’s preceded some of the asset’s most dangerous drops.Is the first-ever cryptocurrency preparing for more carnage in the days…
Bitcoin hasn’t fared too well over the past few days, tumbling as low as $9,500 on Monday as sellers have started to liquidate their stacks en-masse. This meant that at the current correction’s worst, BTC was down just around 10% from the local $10,550 high that was set last week.While this plunge seemingly marks a…
Chainlink, the explosive cryptocurrency that recently set its all-time high amidst the peak coronavirus panic, has just triggered a sell signal on the TD 9 Sequential indicator across both the USD and BTC trading pairs.Is this unstoppable altcoin’s growth finally coming to a halt, or is this yet another minor bump in the road in…
Early this week, analysts were expecting for Bitcoin to start to reverse lower. The cryptocurrency, after rallying for five weeks straight, was seemingly starting to top out, falling to $6,800 in a move that liquidated dozens of millions.But just days later, BTC pumped higher, liquidating $70 million worth of short positions on BitMEX due to…
Just ahead of last night’s daily close, Bitcoin price exploded above $10,000 in a powerful break of the asset’s most important resistance, liquidating overleveraged shorts along the way.But Sunday night’s daily price candle coming to a close also opened a new weekly price candle, which also triggered a TD 9 sell setup. It’s that signal…
If you’ve been involved in Bitcoin or crypto investment at all over the past two years, you likely know of the TD Sequential. The technical indicator, created by Point 72 consultant Tom Demark, has long been a staple of trading suites of crypto investors, giving these individuals a way through which they can figure where…
XRP, the third-largest ranked cryptocurrency by market cap, may face continued underperformance compared to the rest of the crypto space, as the historically accurate TD Sequential indicator has triggered a signal on the asset’s daily charts.However, a conflicting signal triggered earlier this month makes predicting the trend ahead a bit more confusing given how accurate…
Bitcoin price is consolidating above $35,000, trying to build enough support to make an attempt at returning to local highs. Once there, if or not the bull run is still on will become a lot clearer. But before that happens, there could be one more deep sweep of lows, according to a highly accurate market…
Over the past few days, the prices of crypto assets have slid lower after Bitcoin ended a strong multi-week rally at $7,470, since falling to $6,800 as of the time of this article’s writing. Bears, unfortunately, are expected to push this nascent market lower as a “strong sell signal” was just observed.Related Reading: Crypto Tidbits:…
The head of Hedge Fund Telemetry, Thomas Thorntown, has been extremely accurate at predicting Bitcoin’s tops and bottoms. By employing the Tom Demark (TD) Sequential indicator, the trading veteran has been able to forecast the direction of BTC’s trend.In mid-December 2019, for instance, while the flagship cryptocurrency fell below $6,500, Thorntown noticed the formation of…