{"id":421124,"date":"2020-04-17T20:00:52","date_gmt":"2020-04-17T20:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=421124"},"modified":"2020-04-17T18:50:34","modified_gmt":"2020-04-17T18:50:34","slug":"stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/","title":{"rendered":"Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem"},"content":{"rendered":"

Bitcoin<\/a> has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset’s young history.<\/p>\n

A historically accurate sell signal has just triggered across three major United States stock indexes, which not only could cause another major selloff across all markets, but it could cause Bitcoin and the rest of the crypto market to plunge in tandem.<\/p>\n

Continued Stock Market Correlation Is Dangerous for Bitcoin and Crypto<\/h2>\n

Bitcoin price<\/a> is currently struggling with overhead resistance, is facing the largest stretch of extremely fearful sentiment across the crypto market ever, and still has the coronavirus and its impact on the economy to deal with.<\/p>\n

Things are looking well for the first-ever cryptocurrency, which was expected to be trading closer to $55,000 per BTC when the asset’s halving arrives in less than 30 days.<\/p>\n

Related Reading | Bitcoin\u2019s Minute-By-Minute Correlation With Stock Market May Signal Disaster<\/a><\/strong><\/em><\/p>\n

Not only is Bitcoin price<\/a> nowhere near that lofty figure predicted by the faltering stock-to-flow model, it recently fell to a shocking low of $3,800 during the Black Thursday collapse last month<\/p>\n

Bitcoin and the crypto market was dragged down back into the deepest depths of the bear market during the record-breaking selloff.<\/p>\n

It was an unusually strong correlation with the stock market<\/a> that caused Bitcoin to plummet, and if it stays that way, another epic plunge is coming.<\/p>\n

\"\"<\/p>\n

The Dow, NASDAQ, and S&P 500 Trigger TD 9 Sell<\/h2>\n

The TD 9 Sequential indicator created by market timing wizard Thomas Demark<\/a>, has triggered a TD 9 sell across the S&P 500 (SPX), NASDAQ Tech 100 (NDX), and the Dow Jones Industrial Average on the daily.<\/p>\n

These price charts exhibiting an exhausted uptrend doesn’t bode well for Bitcoin and altcoins alike. Making matters worse, Bitcoin also reached a 9 on the indicator on 3-day price charts.<\/p>\n

\"\"<\/p>\n

Bitcoin’s correlation with the stock market continues, and major US stock indexes are vulnerable to further collapse due to the coming recession and economic slowdown thanks to quarantine conditions caused by COVID-19.<\/p>\n

Related Reading | How the Dow\u2019s Fractal of Doom Could Take Bitcoin to $1,000<\/a><\/strong><\/em><\/p>\n

In fact, things may get even worse for Bitcoin price<\/a>. Cryptocurrencies are a high-risk asset class that is difficult to assign a fair market value. Instead, market dynamics between sellers and buyers keep the asset in constant price discovery mode, making for extreme volatility<\/p>\n

Because the asset thrives on speculation, it also falls the hardest with panic. There’s never been a time in history where there was more panic in the air, putting Bitcoin and the stock market at severe risk of further collapse.<\/p>\n

Bitcoin<\/a> may have been in a bear market for over two years now, but if it says correlated with stocks, and stocks are about to enter an extended downtrend, it could spell doom for the crypto asset class.<\/p>\n

Featured image from Pixabay<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset’s young history. A historically accurate sell signal has just triggered across three major United States stock indexes, which not only could cause another major selloff across all markets, but it could cause Bitcoin and the rest of the crypto market to plunge in tandem. Continued Stock Market Correlation Is Dangerous for Bitcoin and Crypto Bitcoin price is currently struggling with overhead resistance, is facing the largest stretch of extremely fearful sentiment across the crypto market ever, and still has the coronavirus and its impact on the economy to deal with. Things are looking well for the first-ever cryptocurrency, which was expected to be trading closer to $55,000 per BTC when the asset’s halving arrives in less than 30 days. Related Reading | Bitcoin\u2019s Minute-By-Minute Correlation With Stock Market May Signal Disaster Not only is Bitcoin price nowhere near that lofty figure predicted by the faltering stock-to-flow model, it recently fell to a shocking low of $3,800 during the Black Thursday collapse last month Bitcoin and the crypto market was dragged down back into the deepest depths of the bear market during the record-breaking selloff. It was an unusually strong correlation with the stock market that caused Bitcoin to plummet, and if it stays that way, another epic plunge is coming. The Dow, NASDAQ, and S&P 500 Trigger TD 9 Sell The TD 9 Sequential indicator created by market timing wizard Thomas Demark, has triggered a TD 9 sell across the S&P 500 (SPX), NASDAQ Tech 100 (NDX), and the Dow Jones Industrial Average on the daily. These price charts exhibiting an exhausted uptrend doesn’t bode well for Bitcoin and altcoins alike. Making matters worse, Bitcoin also reached a 9 on the indicator on 3-day price charts. Bitcoin’s correlation with the stock market continues, and major US stock indexes are vulnerable to further collapse due to the coming recession and economic slowdown thanks to quarantine conditions caused by COVID-19. Related Reading | How the Dow\u2019s Fractal of Doom Could Take Bitcoin to $1,000 In fact, things may get even worse for Bitcoin price. Cryptocurrencies are a high-risk asset class that is difficult to assign a fair market value. Instead, market dynamics between sellers and buyers keep the asset in constant price discovery mode, making for extreme volatility Because the asset thrives on speculation, it also falls the hardest with panic. There’s never been a time in history where there was more panic in the air, putting Bitcoin and the stock market at severe risk of further collapse. Bitcoin may have been in a bear market for over two years now, but if it says correlated with stocks, and stocks are about to enter an extended downtrend, it could spell doom for the crypto asset class. Featured image from Pixabay<\/p>\n","protected":false},"author":517,"featured_media":421126,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1144,6664,12590,76532,56431,4707],"class_list":["post-421124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btcusd","tag-crypto","tag-dow-jones","tag-ndx","tag-spx","tag-stock-market"],"acf":[],"yoast_head":"\nStocks Print TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem<\/title>\n<meta name=\"description\" content=\"Bitcoin has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset's young history. A historically accurate sell\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks Print TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset's young history. A historically accurate sell\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-17T20:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-17T18:50:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "El Toro" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem\",\"datePublished\":\"2020-04-17T20:00:52+00:00\",\"dateModified\":\"2020-04-17T18:50:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/\"},\"wordCount\":481,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853\",\"keywords\":[\"bitcoin\",\"btcusd\",\"crypto\",\"Dow Jones\",\"ndx\",\"spx\",\"Stock Market\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/\",\"url\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/\",\"name\":\"Stocks Print TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853\",\"datePublished\":\"2020-04-17T20:00:52+00:00\",\"dateModified\":\"2020-04-17T18:50:34+00:00\",\"description\":\"Bitcoin has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset's young history. A historically accurate sell\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853\",\"width\":1280,\"height\":853,\"caption\":\"bitcoin stock market dow spx ndx\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Stocks Print TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem","description":"Bitcoin has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset's young history. A historically accurate sell","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/","og_locale":"en_US","og_type":"article","og_title":"Stocks Print TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem","og_description":"Bitcoin has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset's young history. A historically accurate sell","og_url":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-04-17T20:00:52+00:00","article_modified_time":"2020-04-17T18:50:34+00:00","og_image":[{"width":1280,"height":853,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem","datePublished":"2020-04-17T20:00:52+00:00","dateModified":"2020-04-17T18:50:34+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/"},"wordCount":481,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853","keywords":["bitcoin","btcusd","crypto","Dow Jones","ndx","spx","Stock Market"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/","url":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/","name":"Stocks Print TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853","datePublished":"2020-04-17T20:00:52+00:00","dateModified":"2020-04-17T18:50:34+00:00","description":"Bitcoin has been showing a tight correlation with the stock market\u00a0 \u2013 the largest correlation in the asset's young history. A historically accurate sell","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853","width":1280,"height":853,"caption":"bitcoin stock market dow spx ndx"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem","url":"http:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","crypto","dow jones","ndx","spx","stock market"],"dateCreated":"2020-04-17T20:00:52Z","datePublished":"2020-04-17T20:00:52Z","dateModified":"2020-04-17T20:00:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/stock-market-prints-td9-sell-signal-correlated-bitcoin-could-plunge-in-tandem\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/parachute-1416417_1280.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/parachute-1416417_1280.jpg?fit=1280%2C853\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"crypto\",\"dow jones\",\"ndx\",\"spx\",\"stock market\"],\"dateCreated\":\"2020-04-17T20:00:52Z\",\"datePublished\":\"2020-04-17T20:00:52Z\",\"dateModified\":\"2020-04-17T20:00:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/parachute-1416417_1280.jpg?fit=1280%2C853","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/421124"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=421124"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/421124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/421126"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=421124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=421124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=421124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}