BTC Eyes New Highs: A Momentum Reversal Indicator PerspectiveAs we step into the final days of the year, all eyes are on the flagship cryptocurrency, Bitcoin ( BINANCE:BTCUSD ). December has historically been a pivotal month for BTC, often setting the tone for the new year's crypto trends.
Let’s explore if Bitcoin is primed for a bullish breakout, consolidation, or a reversal as we close out 2024! 🚀
Bitcoin ( BINANCE:BTCUSD ) is gearing up for another potential surge, with the TD Sequential indicator flashing bullish signals across multiple timeframes. This analysis dives deep into the monthly, weekly, and daily charts to pinpoint high-probability entry points and profit targets for swing traders.
The Bullish Convergence
When we examine the long-term picture, a compelling narrative unfolds. The monthly chart shows a clear transition from red (bearish) to green (bullish) setups, culminating in Green Setup 3 — developing an uptrend with room to run before exhaustion sets in.
Zooming into the weekly timeframe, we see a recent Green Setup 3 followed by a brief pullback (Red Setup 1) and a renewed push higher (Green Setup 1). When the Green Setup 1 holds, it confirms the bullish bias and offers an early entry opportunity for swing traders.
Finally, the daily chart reveals a decisive shift in momentum. A Red Setup 6, signaling potential downside exhaustion, has given way to a Green Setup 2, confirming the nascent uptrend.
Pinpointing Entry and Targets
With the bullish backdrop established, let's identify precise entry points and profit targets.
Entry : Ideal entry points occur on price flips (e.g., Green 2 closing above Green 1) or breakouts above resistance levels, preferably with Green Setup 2 or 3 on the daily chart for confirmation.
Stop-Loss : Place your stop-loss below the nearest support level. This could be the TI Setup Trend Support line on the monthly chart, the recent swing low on the weekly chart, or the Green Setup 1 low on the daily chart.
Take-Profit : Aim for Fibonacci retracement levels and resistance lines. On the monthly chart, the target resistance is near Green 8 or Green 9. On the weekly chart, look for prices approaching swing highs or Fibonacci extensions (e.g., 161.8%). Utilize shorter-term resistance levels on the daily chart for partial profit booking.
Confirmation is Key
While the TD Sequential provides a robust framework, it's prudent to incorporate other indicators for confirmation.
RSI : Ensure no overbought conditions exist on the higher timeframes. Bullish divergence on the lower timeframes strengthens the trade setup.
Moving Averages : Crossovers like the Golden Cross (50-day MA crossing above the 200-day MA) support a bullish trend.
Trendlines : Breakouts from consolidation patterns aligned with TD Sequential signals offer high-probability entry points.
The Bold Prediction
Bitcoin appears poised for a significant rally based on this confluence of factors.
3-Month Projection : BTC will likely approach or exceed the resistance level corresponding to a Green 8 or 9 on the monthly chart.
6-Month Projection : If the bullish momentum persists, expect substantial upside, with BTC breaking prior resistance levels and testing higher Fibonacci extensions. Potential gains of 15-25% from the current price could unfold.
Disclaimer : This article is intended for educational purposes only and does not constitute financial advice. Conduct your own research and manage your risk responsibly before making trading decisions.
Tdsetup
Bearish Bias for EURUSD with big pullbackEurusd hit liquidity block and 1.13 is likely to be reversal level for this move. Most likely it will crawl up to cover the newly formed inefficiency before the bearish trend will contoniue to years S1 pivot / TD projection.
Price might well end this year at Quarterly Camarilla L5 (S5) - I havent plotted thatbut it is inside of liquidity block.
Watch even round number levels - they tend to have more efficacy that odd round numbers.
This analysis area based on teachings of Chris Lori and Tom DeMark.
FOR EDUCATIONAL PURPOSES ONLY!
Is $AAPL daily 9 buy a good time to add. History says so.I'm not a crazy apple fan boy but I sure am a big $AAPL stock fan boy. Just zoom out a bit and saw how wonderful an add is at the daily 9 buy if you believe in the stock long term. The 9s don't always mark the bottom of the pullback, but they are close enough :) When you know something has great fundamental and its stock just keeps going up, just add on the 9!
$PYPL another consolidation 9Lots of consolidation 9 on the market. I have expressed interest on twitter @kidzevn about consolidation 9 continuation pattern. When the 9 is inside a range, a close above any bear candle is a great add. Same setup right now with $NVDA.
We are also holding 9 period VWEMA (Volume-weighted exponential average), hugging this line is an indication of a bull run.
$BABA daily 9 weekly 8 and monthly 9I would be more interested if we see some wide range candles, indicating capitulative move. This 9 candle is weak. If next week is a 9, then I would look for daily 13. An aggressive trader would look for either Aggressive sequential and Aggressive combo 13. I doubt we will make sequential or combo 13 when we have done such a steep move down, but it can happen.
Fundamentally, investors have lost hope on Chinese tech companies. Chinese companies can't get Apple big, since getting big will take away the CCP's power and that is not going to happen. Thus long term investor will shy away from Chinese companies due to this political "cap".
I remain a trader for Chinese companies. Would not hold any for long-term since such an environment cannot breed multi-decade compounder like $AAPL and $AMZN
BITCOIN: Rare Trend Resistance Level Formation (WEEKLY)Analysis based on TD Setup/Countdown and the resistance levels that form once a setup is completed.
It's extremely rare for trend resistance to be printed on a weekly BTC chart. This is the 5th time in Bitcoin history one has formed. This chart measures how long it took us to break previous resistance levels once they were formed.
4 H BTC USD UPDATEWell, what a beauty the TD setup trend resistance line, I can't keep thinking how many times it kept up to my expectations.
Adding to the daily 9 BUY, 128 daily EMA, the TD setup trend resistance line, a 4 h 9 BUY is also to be factor in as support area. In my view exiting (or at least taking 50% profit) in the short is a must, then wait and reevaluate.
We are still in a down trend, as you can see by the EMA in the 4 h are trending downwards, but a good trader live long when he follow his own strategies and obey by his own rules. Don't be greedy and stick to the plan.
TD Master Count (TDMC) StrategyDescription: This is a hybrid of the TD Setup and Sequential 13 rules, which when combined, allows for an uptrend/downtrend to maintain its count despite sideways PA, Price Flips or 9 recycles.
Usage: No more 9s and 13s entries and exits. Given an upward and downward trend can develop at the same time, entries and exits are determined by breaks in trend count in either direction Aggressive traders, can enter/exit earlier based on count still printing uptrend as PA begins to downtrend or vice versa. Users could can leverage the accompanied Bar Color Scheme and 13 EMA for entries and exits as well:
Bar Color Scheme:
1) Green = Uptrend
2) Red = Downtrend
3) White = Inside Bar (pause in trend)
40 Blue = Slowing/Reverse in trend (either direction)
13 EMA:
Changes color as PA crosses above or below low. Gives overall trend direction. Green is bullish. Red is Bearish. NOTE: All MA are lagging indicators.
Analysis: On this weekly BTC chart price has been up trending for 32 weeks. We had 5 weeks of potential downtrend developing since our top in June. This was broken for one week. The next three weeks, we printed the first RED candle in 9 weeks followed by another red candle last week. Last week’s red candle marks the 3rd candle in all 32 weeks of uptrend. PA action is sitting at support on the 13 EMA, a break and close below it this week could signal the start of a reversal. Thus far, this week we have a green candle and a continuation of the long trend.
Comments: Observations on this strategy are welcome. Please feel free to provide your feedback to further improve it.
$BTC Testing the channel upper line #SequentialHi Folks,
BTC has now reached the upper line of the bear Channel .
On the Daily chart the outlook is still bullish :
- Sequential countdown is on candle 7/13
- Price is now above TDST Resistance
On the 4H chart the outlook is now bearish with some warning signals:
- Exhaustion point A13 and S13
- Rising Wedge Pattern
The 4H Sell Setup is only on bar 5/9 so we could continue higher.
I am more confident when Exhaustion point S13 appears at the end of the Setup count to confirm a reversal.
I am neutral at this stage as we have opposite signals over these 2 timeframe
Keep an eye on the 4H chart and observe price reaction After S13.
MATHR3E
Sequential indicators:
TD Sequential
DeMARK Combo Extension
BTCUSD - BITCOIN IN DANGER SHORT AND MID TERMBitcoin is creating a H&S and a descending triangle at the same time. Dangerous territory. Market dynamic is bearish.
The TD SETUP AND COUNTDOWN in the 3D chart show us, that there should be bearish continuation at least till somewhen between the 13th and 19th of September (time difficult to predict).
Happy trading!
$TEVA in Buy Zone + Daily and Weekly TD 9'sI've been watching $TEVA for awhile now and finally it is hitting my first buy target.
Both the Daily and Weekly are showing a TD 9, however the daily did break the TD resistance line.
Furthermore, the RSI, CMF, moving averages, stoch, and current bearish candle all point to $TEVA moving lower.
I'm going to enter half of my position size in now and wait for a green 1 over a green 2 for the rest of it.
Feedback is always welcome. If you found this helpful, please leave a like.
Buy Bitcoin: Tom DeMark 9-13-9Hi everyone. Erm... please check this out and discuss? Do you remember that price spike around October 15th around the time everyone was talking about Tether? I actually called that move back then and drew a downtrend line which I subsequently removed.
Because of my analyses and this recollection I redrew this supply/demand line and the results are interesting. I apologize I don't quite have the words to describe everything perfectly right now but I hope that the sequence of images are illustrative enough when combined with what I've been sharing recently... I worked on describing this in images for some time now and am a bit tired I think.
This is what I posted yesterday in another forum, for reference:
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The way I'm looking at my Bitcoin charts it looks like we have until about Apr 01 to shoot for $8500. If this happens we can maybe turn $5000 into support. If we don't break $5000 by Apr 01 I think we could see a test of $750!
So at this point I think maybe we have until the 18th (3 days) to break the downtrend line or we fall towards 2500-2700
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^ to me I think a breakout to the upside is more probable.
Example of a powerful buy and sell warning using TD9 sequential.Look at the sell warnings (red highlighted green candles) and the buy warnings (yellow highlighted red candles) on this weekly chart. When you see these warnings, it is usually safe to buy or sell on the breakdown of the candle body. The best entry is to wait for price to eclipse the wick of the candle with the signal on the successive candle. On higher timeframes such as the weekly, these warnings can be extremely powerful signals. For instance, the buy signal the week before TRX bottomed at ~300 satoshi. There was also a nice sell signal at an SR flip (top candle.) And you will notice the following candles to these signals produce both the top, and bottom os the current cycle. You can use these signals on lower timeframes, but typically they have a much lower strikerate.
Personally when in a trend, I start at the lower timeframes and look for buy / sell warnings that progress to the higher timeframes. For instance, if I see a warning on the 15m chart, i will wait to see if it comes up on the 30m, 45m, hourly, etc. The higher he signal progresses into the higher timeframes, the more powerful the signal can be.
You can also use the counts as guides, ie counts move in sets of 5, 7, 9, and 13. Sometimes such as in the 2017 bitcoin bull market you can get a count going up to 15 or even to 21 before there is a strong reversal. these are spotted by a count to 9 followed by no count for successive candles. sometimes a 1 count will appear or a 1,2,3 but usually you can tell if the trend has reversed or not, and can take the signal accordingly.
There is more but im bored of typing for now. Google is also your friend. search terms are "td sequential" or "td countdown" for the count setup information, "td setup" for the SR lines and the warning signals.