Bitcoin Bottom Signal From Bear Market, Black Thursday Could Save The Bull Run

Tony "The Bull" Severino

1 year ago

3 mins read

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Bitcoin price is clearly on the ropes, sending the market and its participants into a state of extreme fear. But much like a superhero donning their cape and hustling toward danger, an ultra-reliable bottom signal has returned to save the day.

Here is a closer look at the signal that appeared twice at the crypto bear market bottom, again on Black Thursday, and once again today.

Bitcoin Price: Bottoming Sequence Initiated?

Markets, much like everything else in the universe, are cyclical in behavior. Cryptocurrencies go through cold winters, but when they thaw, they run hotter than ever before.

However, there are two types of cycles: fixed, and sequences (also called linear and non-linear). Fixed cycles would focus on, for example, how price action might react related to the halving. Sequences are a bit different.

Sequences instead must meet certain conditions. Fibonacci sequence, for example, involves a sequence where the next number in the sequence is always the sum of the previous two numbers.

The TD Sequential indicator created by market timing wizard Thomas Demark, works via a unique sequence of candlestick closes that when followed, triggers a buy or sell setup.

Why is this worth pointing out? Because one of the most reliable buy signals produced by the TD Sequential might have just called the Bitcoin bottom.

Will the signal call the bottom six out of six times?  | Source: BTCUSD on TradingView.com

No Need To Fear: TD Sequential Indicator Is Here

The TD Sequential indicator has swooped in to save the day with a “TD 9” buy setup on the 3-day time frame. The chart above has been cleaned up to remove bearish signals and “TD 13 buy countdowns” that haven’t yielded nearly as dramatic results.

What is left is a chart that since the very bear market bottom, has only triggered five other times including today. Each signal was either a short- or long-term bottom in Bitcoin.

Significant moments the TD 9 buy setup has appeared was at the very bear market bottom, the subsequent retest of lows, and Black Thursday. Less powerful signals in August 2019 and December 2019 both eventually led to new lows, but there is no denying a bounce occurred. During each of those moments, fear was especially prevalent across crypto.

The signal is so strong, that Bitcoin today remains more than 1000% above the last time it appeared back in March 2020. With that in mind, what type of ROI might this latest signal result in?

https://twitter.com/tonyspilotroBTC/status/1469040505778544656

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Featured image from iStockPhoto, Charts from TradingView.com

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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