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

Tony "The Bull" Severino

Last Updated: June 11, 2024 2:04 pm

2 mins 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.

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.

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.

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.

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.

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.

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