A crypto analyst has shared a TD Sequential chart that shows Bitcoin price is displaying a major buy signal On the 4-hour time frame, this signal suggests that Bitcoin's downward momentum may be slowing down, and this is a potentially critical moment to consider entering the market.
Bitcoin Price TD Consecutive Flashes Buy Signal
A TD Sequential It is a unique technical indicator that detects trend wear and price reversals and provides buy or sell signals. According to an X (former Twitter) post By Ali Martinez, cryptocurrency analyst, Bitcoin's 4-hour chart displays a green “9” candle, which represents a signal. Potential buying opportunity.
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Normally, in a downtrend, the green candle 9 is interpreted as a buy signalindicates that the downtrend may be reaching exhaustion and prices are preparing for a comeback. Martinez also shows the “A13” indicator on the TD Sequential chart, which indicates a countdown phase that follows 13 additional candles and identifies a stronger candle. Process burnout.
during a downward trendthe appearance of a TD Sequential A13 is often a sign of a potential decline in the sell-off phase of a cryptocurrency and reinforces the possibility of a cryptocurrency breakout. Price reversal. Bitcoin's current buy signal appeared when its price exceeded $94,000. This indicates a buy signal Optimal time to enter the marketwith the $94,915 price point highlighted as a potential entry point for traders looking to capitalize on a potential rally in Bitcoin's price.
Although TD Sequential is an indicator used to identify buy and sell signals, market participants can exercise caution by considering additional factors such as volatility. Broader market sentimentand more. If the current buy signal holds, Martinez predicts that a price rebound can be expected. However, a failure to hold its current price could lead to further declines, potentially pushing Bitcoin further down the line. Critical support level.
Top Bitcoin market collection at $168,500
In another newer one Post XMartinez chart of Bitcoin price movementsprice forecast above $168,500 based on Mayer Multiple. A chart showing the price performance of Bitcoin based on the Meier Multiple comparing Bitcoin to Bitcoin 200-day moving average (MA).
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The red line as seen in the diagram represents this Multiple Meyer (MM) at 2.4, while the green line shows MM at 0.8. Additionally, the blue line is the oscillator that tracks the Meier multiple over time.
Historically, Bitcoin's highest price has coincided with a Mayer multiple of 2.4 or higher. Currently, Bitcoin Multiplexer is at 1.3845 on the chart. However, if the price continues to rise and the MM reaches 2.4 again, Martinez predicts above the market Above $168,500 for Bitcoin.
At the time of writing, the price of Bitcoin is $94,692, which means that an increase to $168,500 would require a significant increase of 78% from the current market value.
Featured image created with Dall.E, chart from Tradingview.com
