This Dead Accurate Indicator Is Signaling Major Crash Across All of Crypto

Tony "The Bull" Severino

5 years ago

3 mins read

crypto bitcoin td 9 sell sequential signal

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After last month’s catastrophic collapse, Bitcoin and the rest of the crypto market has made a strong recovery, nearly doubling in value from the recent extreme low.

But just as the asset class has reached critical resistance, a rough week and a deadly accurate sell signal triggering on a dozen or more individual crypto assets are pointing to yet another major collapse across the cryptocurrency market.

Bitcoin’s Record-Breaking Drop, And The Crazy Crypto Rollercoaster of 2020

The crypto market started off 2020 with a boom.

Bitcoin quickly reached above $10,000, Ethereum had an over 100% rally, Tezos rallied by over 130%, and Chainlink set a new all-time high.

That boom quickly turned to bust, however, once the coronavirus spiraled out of control and the economy and public went into a state of lockdown.

The fear over what’s to come prompted investors to sell off all assets, including stocks, gold, Bitcoin, and other altcoins.

The stock market suffered the worst drop since 1987, Bitcoin saw the third-worst drop in the asset’s history, and altcoins fell by 70% or more in many cases.

All of the gains of early 2020 were erased, and asset prices fell to new lows.

But once the dust settled, Bitcoin and altcoins made a strong recovery, with the first-ever cryptocurrency nearly doubling from the $3,800 low.

A V-shaped recovery began shortly after the shocking low was put in, taking Bitcoin price to a high of $7,450 and causing the rest of the crypto market to surge.

But just as the asset class has reached an important resistance level, two factors could put an end to the current rally and cause yet another catastrophic collapse.

Next week, the death toll is expected to peak in the United States, possibly causing a second-wave of panic-selling across the stock market and other assets.

Making matters worse, an incredibly accurate sell signal just triggered on the daily price charts of Bitcoin, and nearly a dozen or so other altcoins, suggesting that the crypto market is in for yet another collapse in the days ahead. The crypto assets that also triggered the signal include Ethereum, Ethereum Classic, Cardano, Binance Coin, Litecoin, Ontology, OmiseGo, Tron, Stellar, and Tezos.

TD 9 Sell Signal Triggers Across Multiple Assets

The signal is a TD 9 “sell signal” triggered on the TD Sequential indicator created by market timing wizard Thomas Demark.

The TD Sequential is just one of may technical analysis indicators created by Demark, and his tools have been used with chilling accuracy.

In the past, the indicator issued a sell signal at the top of Bitcoin‘s rally to $20,000, and again recently when Bitcoin topped out at $10,500 earlier this year. Now, it could be signaling that a top is in once again, however, at much lower prices than those previous examples.

With such an accurate track record, and with so many crypto assets exhibiting the sell signal, a major crash across the crypto could be coming.

Tony "The Bull" Severino

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’s 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’s 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’s 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.