Bitcoin market reversal
Dec 18, · Bitcoin is making headlines all across the world of finance as even high wealth investors are now scrambling to learn more about the top crypto asset and its potential as a store of value. As word spreads of not only the % ROI-generating rally but Bitcoin’s long-term price projections, the asset class has attracted [ ]. Analyst Who Predicted Bitcoin’s V-Shaped Reversal Explains Why BTC Is Bullish. Few expected Bitcoin to bounce back after the crash in March. The cryptocurrency had basically halved within a single hour time frame, leaving many convinced that the asset’s life span was over. But one trader predicted a . Dec 19, · MARKET TIMING WIZARD BEHIND TD SIGNAL WARNS OF BITCOIN REVERSAL. Bitcoin adoption will rise: 50% of biggest companies will hold BTC by end of Bitcoin Fees Spike Almost 5X in One Week as BTC Reaches ATH. Did Bitcoin price just see a ‘retail FOMO peak signal’? This indicator says yes.
Bitcoin market reversalDigital Coin Owner – Decentralized currency provides equal access to all
Corporations now own nearly 1 million BTC of the tiny 21 million coin supply, and the trend where companies protect their treasuries using the asset has only just started. Demark is the creator of the TD Sequential indicator that crypto traders have come to swear by.
Demark also calls attention to an interesting mathematical measurement taken from June 26, , high to the recent March Black Thursday low. Demark claims that the same signal appeared at the peak, the bottom, the high, and is now back.
Demark concluded that although the signals are strong and have been effective in the past, he cannot rule out that the exhaustion signals will be ignored as more and more investors pile into the scarce digital asset.
The final chart depicting the TD Sequential indicator Demark is known for, on monthly timeframes shows what happens when the signal is ignored. Bitcoin is currently on a TD 9 sell on monthly timeframes, after what is essentially nine positive months of an uptrend. When the 13 sell countdown arrived, by then it was too late and the asset was full parabolic, and FOMO carried the cryptocurrency to much larger heights immediately after.
Using the tool as a sell signal has long been effective during the bear market, but during a bull market, the results are remarkably different. Source link. Save my name, email, and website in this browser for the next time I comment.