Buy signal appears on Bitcoin (BTC) hourly chart

Buy signal appears on Bitcoin (BTC) hourly chart

On the hourly chart bitcoin, The TD Sequential indicates a buy signal, suggesting that BTC may rise in one to four candles. This is often used in technical analysis to detect potential turning points in asset prices.

On the hourly chart bitcoin, The TD Sequential indicates a buy signal, suggesting that BTC may rise in one to four candles. This is often used in technical analysis to detect potential turning points in asset prices.

Advertisement

The indicator, created by Tom DeMark, finds trend exhaustion points by examining a sequence of price bars. The indicator has two phases: the setup phase and the countdown phase.

The setup phase requires nine consecutive price bars, each of which closes higher (in a downtrend) or lower (in an uptrend). The countdown phase, which follows if this setup is successful, looks for a chain of 13 bars that close lower (in a downtrend) or higher (in an uptrend) than the previous two bars.

HOT Stories
Shiba Inu (SHIB) Holders Receive Critical Warning in Telegram, Here's Why
Shiba Inu (SHIB) Holders Receive Critical Warning in Telegram, Here’s Why
SHIB, FLOKI, WIF, BRETT: Meme Coin Bloodbath Continues
SHIB soars 2,834% despite price remaining 6% lower
Shiba Inu’s Shibaswap now supports DEXTools

Related

Tue, 06/11/2024 – 10:43
SHIB price prediction for June 11

When a countdown ends, it usually indicates that the trend has reached its limit and a reversal is about to occur. The TD Sequential has shown a buy signal on Bitcoin’s hourly chart, potentially predicting a price reversal. This signal may provide a short-term break from the current downtrend, pointing to a possible price increase in the next four hourly candles.

The price of Bitcoin has fallen recently for several reasons. First, settlement groups have been a major factor. A cascading effect has been observed in falling prices due to large sell-offs and forced liquidations of leveraged positions. The downward pressure was exacerbated by large groups of liquidations ranging between $72,000 and $69,000 and $66,000.

Related

Tue, 06/11/2024 – 09:25
FTX Allegedly Sells Millions of XRP: What’s Happening?

Additionally, deviations from the US Bitcoin ETFs have contributed to the BTC price action we are seeing now. These ETFs experienced a net outflow of $64 million on recent Monday, breaking a 19-day streak of inflows. The price of Bitcoin has been further pressured by this shift in investor sentiment from one of accumulation to one of selling.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة