Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?
A cryptocurrency analyst shared a TD sequence chart showing Bitcoin Price Is Flashing Important Buy Signal Within a 4 hour time frame. This signal suggests that Bitcoin’s bearish momentum may be waning, making now a potentially critical time to consider entering the market.
Bitcoin price TD flashes buy signal continuously
one TD sequential is a unique technical indicator that identifies trend exhaustion and price reversals and indicates buy or sell signals. According to X (formerly Twitter) postal Cryptocurrency analyst Ali Martinez says Bitcoin’s 4-hour chart shows a green “9” candle marking the Potential buying opportunity.
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Typically, in a downtrend, a green 9 candle is interpreted as buy signalindicating that the bearish momentum may be running out and prices may be preparing for a rebound. Martinez also displays the “A13” mark on the TD sequential chart, which represents a countdown phase that tracks an additional 13 candles and identifies stronger candles. trend exhausted.
period downtrendthe emergence of TD Sequential A13 usually signals a potential decline in the cryptocurrency sell-off phase, thus reinforcing price reversal. Bitcoin’s current buy signal came when its price surpassed $94,000. This buy signal indicates The best time to enter the marketThe $94,915 price point has been highlighted as a potential entry point for traders to take advantage of a possible rebound in Bitcoin price.
Although the TD sequence is an indicator used to identify buy and sell signals, market participants can proceed with caution by considering other factors such as volatility. Broader market sentiment,etc. If the current buy signal holds, Martinez expects prices to rebound. However, failure to sustain the current price could lead to further declines, potentially pushing Bitcoin to its next price critical support levels.
The highest price in the BTC market is $168,500
in another recent X postsMartinez showed a chart Bitcoin Price Trendpredicting the market top will exceed $168,500 based on Meyer multiples. This chart shows Bitcoin price performance based on the Meyer multiple, which compares BTC to 200-day moving average (MA).
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As shown in the figure, the red line represents Meyer Multi(MM) is 2.4, while the green line shows MM is 0.8. Additionally, the blue line is the oscillator that tracks the Meyer multiple over time.
Historically, Bitcoin price peaks have coincided with the Mayer multiple reaching 2.4 or higher. Currently, Bitcoin’s Multiple Mayer is located at 1.3845 on the chart. However, if its price continues to rise, MM reaches 2.4 again, Martinez predicts market top Bitcoin price exceeds $168,500.
As of this writing, Bitcoin is priced at $94,692, which means a surge to $168,500 would require a massive 78% increase from current market value.
Featured image created using Dall.E, chart from Tradingview.com
