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Home Cryptocurrency news Bitcoin

The Crypto Market’s Most Accurate Tool Says New Bitcoin Uptrend Is Here

Tony Spilotro by Tony Spilotro
8 months ago
in Bitcoin
Reading Time: 2min read
bitcoin green candle uptrend bull market
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The crypto market is at a pivotal moment. A new uptrend in Bitcoin was starting prior to the Black Thursday selloff, and now prices are consolidating below a critical level.

A breakout all but guarantees a new bull market for cryptocurrencies. And now, one of the most accurate tools used in crypto technical analysis is signaling that a new uptrend is here.

A New Cryptocurrency Bull Market May Finally Be Here

Bitcoin price continues to trade sideways, following a V-shaped recovery from the Black Thursday bottom below $4,000.

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Prior to that catastrophic collapse a new indicator developed by Bitcoin expert Willy Woo, shows that the crypto asset was ready for a new bull market.

Related Reading | Bitcoin Bull Run Was Here, But White Swan Pandemic Put It On Lockdown

What he calls a “white swan” event by way of the pandemic, got in the way and set the cryptocurrency back a couple of months.

However, another indicator that’s been used with regular success across the cryptocurrency market for spotting important reversals, is now pointing to a new, long-term uptrend.

BTCUSD 6-Month Price Chart: TD Sequential Signals New Uptrend In Bitcoin

The TD Sequential indicator is a technical analysis tool created by market timing expert Thomas Demark. The tool is used for trend recognition, as well as for watching for a sequence of candles that could result in a reversal.

The TD Sequential was popularized in the crypto industry by controversial internet personality Tone Vays. Love him or hate him, the TD Sequential has been extremely accurate.

It called Bitcoin’s top at $20,000, and again at $14,000, and in February 2020 ahead of Black Thursday. It also signaled a reversal just ahead of the asset bottoming the last two Decembers.  It has also worked well with altcoins, like Ethereum, Chainlink, and more.

Related Reading | Bitcoin Holds Bullish On Key Technical Indicator, But Trend May Be Turning

Reversals are likely when the tool reaches a 9 or 13 on a specific candle sequence. If the sequence is broken before the countdown has finished, the count starts all over again.

Given its accuracy, crypto traders have come to give it a lot of weight when making decisions or planning a trading strategy. But the tool can also be used for trend recognition.

bitcoin crypto td sequential indicator accurate

Brave New Coin Bitcoin Liquid Index 6M Price Chart | Source: TradingView

A green 1 candle signals the start of a new upward trend. This green 1 signal has now appeared on the 6-month timeframe on BTCUSD price charts.

Higher timeframes hold the most significance in technical analysis, but such long timeframes aren’t often looked at.

If Bitcoin price can hold at current levels for the next few hours, the 6M candle will close and the green 1 will confirm. If it does, it could be the start of another long-term uptrend in Bitcoin and crypto.

Tags: bitcoinbtcbtcusdBTCUSDTcryptoTD SequentialThomas DemarkTone Vaysxbtxbtusd
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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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