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Home Technical analysis BTC

When Crypto’s Most Reliable Sell Signal Fails, The Bitcoin Bull Run Is On

Tony Spilotro by Tony Spilotro
4 months ago
in BTC
Reading Time: 3min read
bitcoin TD 9 monthly sell signal bull market

Businessman with light bulb instaed of head and crypto currency concept

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Crypto traders rely on several tools to help predict future Bitcoin price action and trend changes. Few tools have been as reliable over the years as the TD Sequential indicator, created by market timing expert Thomas Demark.

The few times this tool has failed on the highest timeframes, Bitcoin has absolutely exploded in the months following. Is this time different and the sell signal its giving will be reliable? Or will this be the last chance to buy Bitcoin below its former all-time high of $20,000?

Bitcoin Triggers Rare Sell Signal That Once Failed Kicked Off The Bull Market

Bitcoin is one of the most volatile assets historically, due to its speculative nature and rise from literally nothing to nearly $20,000 in 2017.

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The cryptocurrency is picking up steam again, and another bull market could be beginning. As the first of its kind, Bitcoin is just over a decade old and has only two previous bear markets to go on.

But both of those two previous bear markets, ended when the TD Sequential indicator on monthly timeframes, perfected an “8” sell setup, prior to also perfecting a “9” set up as well.

Related Reading | Bitcoin Quickly Approaches $15,000 As Election Outcome Lingers

Typically, a TD 9 signal suggests trends are nearing exhaustion, and the tool has been reliable all throughout the bear market on daily and weekly timeframes at calling tops and bottoms in Bitcoin and altcoins.

The highest timeframe signals are also usually the most dominant and effective when predicting the future trend. In the last two cases, however, the TD Sequential failed miserably on monthly time frames at calling the top, causing investors to potentially miss out on an over 8,000% rally.

Now, the signal is back, but is this time different?

bitcoin td9

The monthly TD Sequential indicator has perfected an “8” sell setup, and a “9” could be next | Source: BLX on TradingView.com

Fool Me Twice: Don’t Fall For the TD Sequential In A Crypto Bull Market

In 2013, when the TD Sequential indicator perfected an “8” and “9” sell setup, doing so would have been a grave mistake. Selling there would have missed an 8,000% rally.

Years later, when the more extended bear market ended, Bitcoin exploded by another 4,700% after the perfected setups. Again, selling would have been disastrous as an investor. During the 2017 rally, the TD Sequential even triggered a “13” countdown sell setup, which means the trend is severely overextended.

Related Reading | Bitcoin Hash Ribbons Trigger Rare Bull Market Capitulation Signal

Yet, it still couldn’t take Bitcoin down, and instead spiked from $3,000 to $20,000 five months later.

The TD “8” has been perfected, and another higher high next month would perfect the “9.” Then it is watch and wait, to see if the sell signal works this time or if another multi-thousand percent impulse move follows.

Featured image from Deposit Photos, Charts from TradingView.com
Tags: bitcoinbtcbtcusdBTCUSDTcryptoxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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