A crypto analyst has shared a TD sequential chart that shows that Bitcoin price is flashing a major buy signal In a 4 hour time frame. This signal suggests that Bitcoin’s bearish momentum may be waning, making this a potentially critical moment to consider entering the market.
Bitcoin Price TD Sequential Flash Buy Signal
A TD respectively is a unique technical indicator that identifies trend exhaustion and price changes and indicates buy or sell signals. According to an X (formerly Twitter). the post By crypto analyst Ali Martinez, Bitcoin’s 4-hour chart shows a green “9” candle, signaling a Potential purchase opportunity.
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Generally, in a downtrend, the green 9 candle is interpreted as a Buy signalThis indicates that bearish momentum may be reaching exhaustion and prices may be poised for a rebound. The Martinez TD sequence also shows an “A13” marker on the chart, indicating a countdown phase that tracks 13 additional candles and identifies a strong trend fatigue.
Meanwhile, A declineThe appearance of a TD sequence A13 often signals a possible decline in a cryptocurrency’s sell-off phase, further strengthening the possibility of one. Price reversal. Bitcoin’s current buy signal emerged as its price rose above $94,000. This suggests a buy signal Optimal time to enter the marketWith the $94,915 price point highlighted as a potential entry for traders aiming to capitalize on a potential Bitcoin price rebound.
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, Broad market sentimentAnd more. If the current buy signal holds, Martinez predicts that price recovery can be expected. However, failure to sustain its current price could lead to further downside, potentially pushing Bitcoin to its next downside. Critical support level.
BTC market peak set at $168,500
More recently X postMartinez presented a chart Bitcoin price movementMayer predicts a market top above $168,500 based on the multiple. The chart shows Bitcoin price performance based on the Mayer multiple, which compares to BTC 200-day moving average (MA).
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The red line, as shown on the chart, represents Mayer Multiple (MM) at 2.4, while the green line shows MM at 0.8. Additionally, the blue line is the oscillator, which tracks the Mayer multiple over time.
Historically, Bitcoin price has coincided with peak Mayer multiples reaching levels of 2.4 or higher. Currently, Bitcoin’s multiple sits at 1.3845 in the Mayer chart. However, if its price continues to rise and MM reaches 2.4 again, Martinez predicts that a Market top Over $168,500 for Bitcoin.
As of writing, Bitcoin is valued at $94,692, meaning an increase of $168,500 would require a significant 78% increase from its current market value.
Featured image created with Dall.E, chart from Tradingview.com
