2025-02-10 21:30:42 by NewsBTC

An analyst has pointed out how the Bitcoin Tom Demark (TD) Sequential has just given a signal that could be bullish for the asset’s price. Bitcoin TD Sequential Is Flashing A Buy Signal Right Now In a new post on X, analyst Ali Martinez has discussed about the TD Sequential signal that has just formed for Bitcoin on its daily chart. The “TD Sequential” here refers to an indicator from technical analysis (TA) that’s used for locating probable tops and bottoms in any asset’s price. The indicator consists of two phases: setup and countdown. The end of each of these phases is assumed to coincide with a signal for a turnaround in the cryptocurrency. In the first phase, the setup, candles of the same color in the chart are counted up to nine. These candles don’t need to be consecutive, just that there should be nine of them. Once the ninth candle is in, the setup is said to be ‘complete,’ and the price can be considered to have reached a reversal. The second phase, the countdown, picks up right where the setup left. It works almost exactly in the same manner, with the one exception being that candles here are counted up to 13 instead. Following these 13 candles, the asset arrives at another point of likely trend exhaustion. Naturally, where the price would go after the end of either phase depends on the polarity of the candles involved in the phase’s completion. Green candles imply a reversal to the downside, while red ones suggest the formation of a bottom. Bitcoin has recently formed a TD Sequential signal of the first type. Here’s the chart shared by Martinez that shows the pattern in the coin’s daily price: Looks like the signal has formed with red candles | Source: @ali_charts on XFrom the graph, it’s visible that the 24-hour price of Bitcoin has finished a TD Sequential setup with nine red candles recently, which suggests the asset may be due a bullish reversal. In the chart, the analyst has also highlighted the last signal that the indicator gave for the cryptocurrency. It would appear that this previous signal was a sell one and it was also right on the mark as it coincided with last month’s price top. Given this pattern, it’s possible that the latest TD Sequential signal would also end up holding for Bitcoin. If so, it might finally help the asset shove off its recent bearish winds. Speaking of the TD Sequential, another top coin, Cardano (ADA), has also formed a signal recently, as Martinez has pointed out in another X post. As displayed in the below chart, the pattern is a bullish one for ADA as well. ADA also seems to have witnessed a buy signal | Source: @ali_charts on XBTC Price Bitcoin slipped under the $95,000 level yesterday, but the asset has made some quick recovery in the past day as its price is now trading around $97,700. The price of the coin appears to have been consolidating recently | Source: BTCUSDT on TradingViewFeatured image from Dall-E, charts from TradingView.com Keshav Verma Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.