• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Tezos & Ethereum: These Top Performing Altcoins Flash Dangerous Sell Signals

Tony Spilotro by Tony Spilotro
2 years ago
in Cryptocurrency news
Reading Time: 3 mins read
Advertisement

The talk of the crypto industry over the last few weeks has been focused on the massive gains from many altcoins across the top ten cryptocurrencies by market cap, however, few assets were buzzing as much as Ethereum and Tezos.

The two altcoins are up well over 100% year-to-date, however, both have just flashed a very dangerous sell signal that could cause a steep correction and these two top performing crypto assets to retrace much of their recent parabolic bull rallies.

Are These Top Performing Altcoins Part of a Greater Crypto Correction?

The number two cryptocurrency by market cap, Ethereum, and relative newcomer to the crypto market top ten, Tezos, have had an explosive first two months of the new calendar year.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Ethereum was up well over 125% year-to-date from trough to peak before the recent correction took the second-largest cryptocurrency down a few notches.

Meanwhile, during January and February, Tezos had already quadrupled in value, with over 200% returns from the 2020 low to the recent high.

Related Reading | Top Trader: Tezos Cryptocurrency Can Surge 5-10x After 100% Rally in 2 Weeks 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The two assets appeared to be unstoppable or at least had been showing little signs of slowing down their bullish momentum.

But that was until a wider crypto market correction began to cause these parabolic assets to retrace, and could soon be headed much lower.

Ethereum and Tezos Flash Sell on TD 9 Sequential Indicator

Analysts are conflicted if the rally is over or not, but a sell signal from the TD 9 sequential indicator across both crypto assets on their trading pairs against BTC, suggest that further upside will be limited until a deeper correction occurs.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

Both ETH/BTC and XTZ/BTC have given a sell signal on the ninth candle in a previously bullish sequence.

tezos xtz btc

ethereum eth btc

The TD Sequential Indicator was designed by financial market wizard Thomas DeMark and is used to signal a buy or sell in assets depending on if a series or sequence of candlesticks close in a certain manner.

Following at least 9 consecutive days of a steady uptrend, these strong performing altcoins have reached a 9 on the TD Sequential Indicator, suggesting now is an ideal time to sell the asset in anticipation of retracement ahead.

In the past, the TD 9 Indicator has been used to spot Bitcoin’s top at $20,000 and then the bottom at $3,100 and $6,400 three Decembers in a row.

Related Reading | What’s Really Triggering This Epic Ethereum Rally? 3 Key Factors Behind Upsurge 

Given the tool’s accuracy and the indicator’s creator reputation for market timing, the probability that Ethereum and Tezos recent rallies having finished remain high.

Retracing from here would likely take Ethereum back to the low $200 range, and Tezos back under a more reasonable $2 per XTZ token.

Featured image from Shutterstock
Tweet123Share212ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. 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 at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

Related Posts

Ethereum Price

Will The Ethereum Merge Drive The BTC Ratio To New ATHs?

2 hours ago
3 Best New Crypto Pairs Launching on DEXs This Week & Month

3 Best New Crypto Pairs Launching on DEXs This Week & Month

4 hours ago
Bitcoin

Outflows Rock Bitcoin As Institutional Investor Sentiment Starts To Turn

5 hours ago
Celsius Crypto Bitcoin BTC BTCUSDT

How Celsius Founder Lost Millions In Crypto By Taking Over Trading Strategy

6 hours ago
Emergents TCG Officially Moves To Public Beta With The Exclusive ‘Super Booster’ Pack Flash Sale

Emergents TCG Officially Moves To Public Beta With The Exclusive ‘Super Booster’ Pack Flash Sale

9 hours ago
XRP

XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo?

16 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Celebrities Back IBAT at Battle Infinity Launch Party

August 16, 2022

Go Around the World with 1xBit and Win Crypto

August 16, 2022

Upcoming MetaShooter NFT sale on the biggest platforms on 17th of August! Hidden gem just revealed!

August 16, 2022

Investors Should Buy These Cryptos Today: Uniglo (GLO), Bitcoin (BTC) And Fantom (FTM)

August 16, 2022

Gnox (GNOX) Causing Polygon (MATIC) And Avalanche (AVAX) Investors To Bridge Over After Presale 100% Sold

August 16, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.