{"id":432553,"date":"2020-07-29T17:00:51","date_gmt":"2020-07-29T17:00:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=432553"},"modified":"2020-07-29T14:36:22","modified_gmt":"2020-07-29T14:36:22","slug":"bitcoin-signals-trend-explosion","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-signals-trend-explosion\/","title":{"rendered":"Bearish Bitcoin Signal That Preceded 220% Explosion in 2017 Just Flashed"},"content":{"rendered":"
Bitcoin price this week broke up<\/a> from consolidation and surged over 15% to $11,400 at the high. On one specific timeframe, the recent push through resistance has triggered a signal that the uptrend may be exhausted and therefore coming to an end.<\/p>\n However, in the past, the cryptocurrency kept on climbing by as much as 220% before the bullish momentum came to a halt. With this supposedly bearish signal triggering yet again, will it lead to a pullback or continued pump?<\/p>\n Technical analysis involves reviewing the price charts of various assets. Charting cryptocurrencies like Bitcoin is no different and relies on various indicators<\/a> or patterns to provide signals or insight that influences strategy.<\/p>\n Not only do crypto analysts check current price action for such signals<\/a>, but they review past instances certain signals were triggered and compare them to active market conditions. Historic recurrence<\/a> is a very real phenomenon, and markets are said to be cyclical by nearly every top analyst ever.<\/p>\n Assets like gold, currencies, or even some major stock indices have been trading for more than a century for analysts to compare against. Bitcoin and other crypto assets, however, have roughly ten years or less.<\/p>\n Due to their scarcity and underlying fundamental differences, such as the relationship between miners and an asset’s decentralization, they are even more difficult to make sense of.<\/p>\n Related Reading | Was the Massive Bitcoin Rally Engineered by a Single Whale? Possibly<\/a><\/em><\/strong><\/p>\n Still, several techniques have been used with much success<\/a>. In the cryptocurrency market, few indicators are considered as accurate as the TD Sequential indicator.<\/p>\n The tool was developed by market timing expert Thomas Demark<\/a>, who utilized it to spot when reversals may occur or when trends reach a point of exhaustion.<\/p>\n A 9 count on the indicator, results in a buy or sell setup, depending on the sequence. A countdown to 13 points to a trend becoming exhausted, or yet another point of a potential reversal.<\/p>\n <\/p>\n On 3-Day BTCUSD price charts, the TD Sequential indicator reached a 13-candle countdown. And while this normally suggests that the trend is nearing a point of exhaustion, in the past, there have been some interesting results.<\/p>\n A 13 countdown on 3-Day BTCUSD price charts can be seen in only two instances in the last four years of crypto market price action.<\/p>\n In the first, a 13 count appeared just over one year ago in June 2019. The cryptocurrency smashed through $9,000 and breached above $10,000 for the first time since the bear market began. The total rally was over 60% following the trend exhaustion signal.<\/p>\n <\/p>\n <\/p>\n Another downtrend took place, dropping Bitcoin back down to $3,800 on Black Thursday, bringing the market back to where we are today.<\/p>\n As strong as the 2019 example was, it is the 2017 rally that is particularly noteworthy.<\/p>\n Related Reading | Here\u2019s What Surging Crypto Market \u201cGreed\u201d Could Say About Bitcoin’s Pump<\/a><\/strong><\/em><\/p>\n In this instance, the same 13 countdown triggered on BTCUSD as it passed through $6,000 \u2013 a level that acted as support for most of the bear market.<\/p>\n After passing through that key level, Bitcoin rocketed by another 220% through $10,000 and to its all-time high of $20,000.<\/p>\n <\/p>\nBear Signal Triggered On Bitcoin 3D Charts, Uptrend Nears Point of Exhaustion<\/h2>\n
BTCUSDT 3D TD Sequential 13 Countdown | Source: TradingView<\/a><\/pre>\n
Looks Can Be Deceiving: Lucky Number 13 Flashing Resulted In As Much As a 220% Pump<\/h2>\n
BTCUSDT 3D TD Sequential 13 Countdown 2017 Top Fractal | Source: TradingView<\/a><\/pre>\n
BTCUSDT 3D TD Sequential 13 Countdown 2017 Top Fractal | Source: TradingView<\/a><\/pre>\n