{"id":478597,"date":"2021-12-09T20:30:20","date_gmt":"2021-12-09T20:30:20","guid":{"rendered":"https:\/\/wncen.com\/?p=478597"},"modified":"2024-06-11T14:09:42","modified_gmt":"2024-06-11T14:09:42","slug":"bitcoin-bottom-signal-from-bear-market-black-thursday-could-save-the-bull-run","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bottom-signal-from-bear-market-black-thursday-could-save-the-bull-run\/","title":{"rendered":"Bitcoin Bottom Signal From Bear Market, Black Thursday Could Save The Bull Run"},"content":{"rendered":"
Bitcoin price is clearly on the ropes<\/a>, sending the market and its participants into a state of extreme fear. But much like a superhero donning their cape and hustling toward danger, an ultra-reliable bottom signal has returned to save the day.<\/p>\n Here is a closer look at the signal that appeared twice at the crypto bear market bottom, again on Black Thursday, and once again today.<\/p>\n Markets, much like everything else in the universe, are cyclical in behavior. Cryptocurrencies go through cold winters<\/a>, but when they thaw, they run hotter than ever before.<\/p>\n However, there are two types of cycles: fixed, and sequences (also called linear and non-linear). Fixed cycles would focus on, for example, how price action might react related to the halving. Sequences are a bit different.<\/p>\n Related Reading | Finding Fibonacci: Is Bitcoin Beginning A “Golden” Recovery?<\/a><\/i><\/b><\/strong><\/em><\/p>\n Sequences instead must meet certain conditions. Fibonacci sequence<\/a>, for example, involves a sequence where the next number in the sequence is always the sum of the previous two numbers.<\/p>\n The TD Sequential indicator created by market timing wizard Thomas Demark, works via a unique sequence of candlestick closes that when followed, triggers a buy or sell setup.<\/p>\n Why is this worth pointing out? Because one of the most reliable buy signals produced by the TD Sequential might have just called the Bitcoin bottom<\/a>.<\/p>\n <\/p>\n The TD Sequential indicator has swooped in to save the day with a “TD 9” buy setup on the 3-day time frame. The chart<\/a> above has been cleaned up to remove bearish signals and “TD 13 buy countdowns” that haven’t yielded nearly as dramatic results.<\/p>\n What is left is a chart that since the very bear market bottom, has only triggered five other times including today. Each signal was either a short- or long-term bottom in Bitcoin.<\/p>\n Related Reading | Point & Figure: The Chart That Makes Bitcoin Support Cut And Dry<\/a><\/strong><\/em><\/p>\n Significant moments the TD 9 buy setup has appeared was at the very bear market bottom, the subsequent retest of lows, and Black Thursday<\/a>. Less powerful signals in August 2019 and December 2019 both eventually led to new lows, but there is no denying a bounce occurred. During each of those moments, fear was especially prevalent across crypto.<\/p>\n The signal is so strong, that Bitcoin today remains more than 1000% above the last time it appeared back in March 2020. With that in mind, what type of ROI might this latest signal result in?<\/p>\n https:\/\/twitter.com\/tonyspilotroBTC\/status\/78544656<\/p>\n Follow <\/i><\/b>@TonySpilotroBTC on Twitter<\/i><\/b><\/a> or join\u00a0<\/i><\/b>the TonyTradesBTC Telegram<\/i><\/b><\/a> for exclusive daily market insights and technical analysis education<\/i><\/b>. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice.<\/i><\/b><\/p>\n Bitcoin price is clearly on the ropes, sending the market and its participants into a state of extreme fear. But much like a superhero donning their cape and hustling toward danger, an ultra-reliable bottom signal has returned to save the day. Here is a closer look at the signal that appeared twice at the crypto bear market bottom, again on Black Thursday, and once again today. Bitcoin Price: Bottoming Sequence Initiated? Markets, much like everything else in the universe, are cyclical in behavior. Cryptocurrencies go through cold winters, but when they thaw, they run hotter than ever before. However, there are two types of cycles: fixed, and sequences (also called linear and non-linear). Fixed cycles would focus on, for example, how price action might react related to the halving. Sequences are a bit different. Related Reading | Finding Fibonacci: Is Bitcoin Beginning A “Golden” Recovery? Sequences instead must meet certain conditions. Fibonacci sequence, for example, involves a sequence where the next number in the sequence is always the sum of the previous two numbers. The TD Sequential indicator created by market timing wizard Thomas Demark, works via a unique sequence of candlestick closes that when followed, triggers a buy or sell setup. Why is this worth pointing out? Because one of the most reliable buy signals produced by the TD Sequential might have just called the Bitcoin bottom. Will the signal call the bottom six out of six times? \u00a0| Source: BTCUSD on TradingView.com No Need To Fear: TD Sequential Indicator Is Here The TD Sequential indicator has swooped in to save the day with a “TD 9” buy setup on the 3-day time frame. The chart above has been cleaned up to remove bearish signals and “TD 13 buy countdowns” that haven’t yielded nearly as dramatic results. What is left is a chart that since the very bear market bottom, has only triggered five other times including today. Each signal was either a short- or long-term bottom in Bitcoin. Related Reading | Point & Figure: The Chart That Makes Bitcoin Support Cut And Dry Significant moments the TD 9 buy setup has appeared was at the very bear market bottom, the subsequent retest of lows, and Black Thursday. Less powerful signals in August 2019 and December 2019 both eventually led to new lows, but there is no denying a bounce occurred. During each of those moments, fear was especially prevalent across crypto. The signal is so strong, that Bitcoin today remains more than 1000% above the last time it appeared back in March 2020. With that in mind, what type of ROI might this latest signal result in? https:\/\/twitter.com\/tonyspilotroBTC\/status\/78544656 Follow @TonySpilotroBTC on Twitter or join\u00a0the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":478599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-478597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price: Bottoming Sequence Initiated?<\/h2>\n
Will the signal call the bottom six out of six times? \u00a0| Source: BTCUSD on TradingView.com<\/a><\/pre>\n
No Need To Fear: TD Sequential Indicator Is Here<\/h2>\n
Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"