{"id":425791,"date":"2020-06-01T16:00:19","date_gmt":"2020-06-01T16:00:19","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=425791"},"modified":"2020-06-01T13:19:52","modified_gmt":"2020-06-01T13:19:52","slug":"top-cryptocurrency-price-td9-weekly","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/top-cryptocurrency-price-td9-weekly\/","title":{"rendered":"Top Cryptocurrency Assets Trigger TD9 Sell On Weekly Price Charts"},"content":{"rendered":"
The cryptocurrency market has been on an upswing ever since Black Thursday<\/a> cut the asset class down to its knees around mid-March. After several consecutive weeks of positive price action, the TD Sequential indicator has issued a “9” sell setup across Bitcoin, Ethereum, Chainlink, and other top performing crypto assets.<\/p>\n Ever since the Black Friday market collapse brought Bitcoin back down to under $4,000 briefly and further crushed altcoins, the asset class of cryptocurrency has been steadily recovering<\/a>.<\/p>\n Related Reading | Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin\u00a0<\/a><\/strong><\/em><\/p>\n Over the last 80 days, the total cryptocurrency market has grown 150% from lows and added over $160 billion in value.<\/p>\n <\/a><\/p>\n Despite the growth, Bitcoin has failed to break above $10,000 and top cryptocurrency altcoins like Ethereum, Chainlink, Cardano, and others are nowhere close to returning to previous highs.<\/p>\n After such a steady string of positive price action, a selloff may cause these assets to fall short of a full recovery from that fateful day<\/a>.<\/p>\n The TD Sequential indicator<\/a> has triggered a “9” sell setup on the weekly price charts across top cryptocurrency assets. This includes Bitcoin, Ethereum, Chainlink, Cardano, and many others.<\/p>\n This indicator, designed by market timing expert Thomas Demark, has been highly accurate over the last several years of cryptocurrency price action.<\/p>\n Take Ethereum’s weekly price chart, for example. In the image below, the 9 sell setup on the weekly timeframe marked the altcoin’s top in early 2018, just as the ICO boom began to fizzle out.<\/p>\n <\/p>\n After that powerful weekly candle close, Ethereum began a downtrend<\/a> that took the asset’s valuation down by over 94% from peak to trough. And in less than one year.<\/p>\n The same signal proceeded Bitcoin’s recent peak in February 2020, just before Black Thursday occurred. Less than 30 days later, the asset had dropped by more than 63%.<\/p>\n Chainlink, the cryptocurrency market’s top performer triggered a 9 on the weekly<\/a> just as it reached its all-time high at $5. From there, the volatility flash crashed the asset’s price down to nearly zero on some exchanges.<\/p>\n This indicator’s high level of accuracy is not a guarantee, and it doesn’t tell you at what price level or when to sell. With the signal appearing on the weekly price charts of many assets, a top forming this week becomes more probable.<\/p>\nTotal Cryptocurrency Market Cap Recovers 150% in 80 Days<\/h2>\n
Bitcoin, Ethereum, Chainlink, And More Signal Sell on TD Sequential<\/h2>\n