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…
Bitcoin price just touched over $9,500, while altcoins have set new lows on their BTC trading pairs.Amidst the crypto confusion, a highly reliable indicator just gave a mixed bag of signals that has only added to the usual state of the cryptocurrency market.Crypto Market Assets Appear to Be Deviating in Correlation CycleThe crypto market is…
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…
More than $80 billion have been injected in the cryptocurrency market over the past month. The substantial inflow of capital allowed most digital assets to recover the losses incurred during the Mar. 12 crash. However, a well-known technical index among institutional investors suggests that a retracement is underway.Bitcoin current chart thoughts. Have had a low…
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…
In the wake of the crash to $3,700, investors thought Bitcoin was on a certain path to fresh macro lows under $3,100. But, this has quickly changed as the cryptocurrency has embarked on a stunning recovery, reaching $7,500 last week on the back of hype regarding the May 2020 block reward halving.Unfortunately, the 100% move…
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…
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…
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:…
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…