{"id":429060,"date":"2020-06-30T20:00:40","date_gmt":"2020-06-30T20:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=429060"},"modified":"2024-06-11T14:04:33","modified_gmt":"2024-06-11T14:04:33","slug":"crypto-accurate-tool-bitcoin-uptrend","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-accurate-tool-bitcoin-uptrend\/","title":{"rendered":"The Crypto Market’s Most Accurate Tool Says New Bitcoin Uptrend Is Here"},"content":{"rendered":"
The crypto market is at a pivotal moment. A new uptrend in Bitcoin was starting prior to the Black Thursday selloff<\/a>, and now prices are consolidating below a critical level.<\/p>\n A breakout all but guarantees a new bull market for cryptocurrencies. And now, one of the most accurate tools used in crypto technical analysis is signaling that a new uptrend is here.<\/p>\n Bitcoin price continues to trade sideways<\/a>, following a V-shaped recovery from the Black Thursday bottom below $4,000.<\/p>\n Prior to that catastrophic collapse a new indicator developed by Bitcoin expert Willy Woo, shows that the crypto asset was ready for a new bull market.<\/p>\n Related Reading | Bitcoin Bull Run Was Here, But White Swan Pandemic Put It On Lockdown<\/a><\/strong><\/em><\/p>\n What he calls a “white swan<\/a>” event by way of the pandemic, got in the way and set the cryptocurrency back a couple of months.<\/p>\n However, another indicator that’s been used with regular success across the cryptocurrency market for spotting important reversals, is now pointing to a new, long-term uptrend.<\/p>\n The TD Sequential indicator<\/a> is a technical analysis tool created by market timing expert Thomas Demark. The tool is used for trend recognition, as well as for watching for a sequence of candles that could result in a reversal.<\/p>\n The TD Sequential was popularized in the crypto industry by controversial internet personality Tone Vays. Love him or hate him, the TD Sequential has been extremely accurate.<\/p>\n It called Bitcoin’s top at $20,000, and again at $14,000, and in February 2020 ahead of Black Thursday. It also signaled a reversal just ahead of the asset bottoming the last two Decembers.\u00a0 It has also worked well with altcoins, like Ethereum, Chainlink, and more.<\/p>\n Related Reading | Bitcoin Holds Bullish On Key Technical Indicator, But Trend May Be Turning<\/a><\/strong><\/em><\/p>\n Reversals are likely when the tool reaches a 9 or 13 on a specific candle sequence. If the sequence is broken before the countdown has finished, the count starts all over again.<\/p>\n Given its accuracy, crypto traders have come to give it a lot of weight when making decisions or planning a trading strategy. But the tool can also be used for trend recognition.<\/p>\n <\/p>\nA New Cryptocurrency Bull Market May Finally Be Here<\/h2>\n
BTCUSD 6-Month Price Chart: TD Sequential Signals New Uptrend In Bitcoin<\/h2>\n
Brave New Coin Bitcoin Liquid Index 6M Price Chart | Source: TradingView<\/a><\/pre>\n