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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Starts To Bite Back Says Reptilian Technical Signal

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
Bitcoin alligator

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A reptilian technical signal is back in Bitcoin, and it has started to feast upon a new uptrend, according to how the tool works.

Take a closer look below at the one-week BTCUSD Williams Alligator, and learn more about what it says about the king of the cryptocurrency market.

Bye Crypto Bear Market. See You Later, Says Alligator

Bitcoin price is back above $30,000 and the recent push higher has possibly changed the trend. That is according to the one-week Williams Alligator, which has started “eating with its mouth open.”

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bitcoin price $30,000 BTCUSD_2023-06-21_12-23-59

Bitcoin Price Breaks Above $30,000: Is The Bull Run Back On?

1 year ago

The Williams Alligator consists of three smoothed moving averages, set at 5, 8, and 13-periods. These averages represent what creator Bill Williams has labeled the Lips, Teeth, and Jaw of the gator, respectively.

When the three moving averages are moving upward, and the Lips are above the Teeth and Jaw, it suggests that an asset is trending. As such, the chart below suggests that Bitcoin is once again trending up.

Bitcoin alligator

The Alligator is hungry for BTC | BTCUSD/NDX on TradingView.com

Bitcoin Could Be Trending For A While Crocodile

As the image depicts, after Bitcoin begins trending according to the technical tool and timeframe, it continues until a climax. At that point the Alligator is sated and begins “sleeping”.

Given the recent macro environment, regulatory pressure, and more, investors might still be sleeping on the crypto market. But if you read the Williams Alligator correctly, it suggests that the gator has awakened, and an uptrend is here.

Related Reading

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Momentum: Why The Bitcoin Train Is Ready To Leave The Station

1 year ago

Upon examining the last three major uptrends, the current most closely resembles the 2020 rally. In 2019 the Aligator ate for 50 days before a peak. In 2021, it lasted 75 days. But the big one in 2020 lasted a full 350 days before a reversal.

Thus far, the Alligator started eating 125 days ago, surpassing 2019 and 2021 combined. Yet it’s not even halfway done with its meal if the rally is as strong as 2020. How long will the Williams Alligator stay hungry for BTC?

The 1W Williams Alligator 🐊 is hungry for more expensive #Bitcoin

It has started eating with an open mouth, thus following the trend

It is done dining when the 5, 8, and 13 (Fib numbers) period smoothed MAs cross and turn down

Eat, or be eaten pic.twitter.com/V12PykySYr

— Tony “The Bull” (@tonythebullBTC) June 27, 2023

Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
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Tony "The Bull" Severino
Tony "The Bull" Severino

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.

Read more

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.

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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.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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