![]() I use TDS preferably in 1H and 4H charts with leveraged ETFs. However, as in the case of any other tool, the TDS should not be used in isolation. The TDS is a very useful technical analysis tool as it aims to predict the exact time of a price reversal. Qualified and non-qualified setups/countdowns The TD Sequential also generates support and resistance levels (TDST lines)īefore dealing with this trading approach, one should have a good understanding with the characteristics of TDS. Timewise, the TD Sequential is ideal for the early recognition of key market turning pointsĥ. The TD Sequential will work only in Japanese Candlesticks or a Bar chartĤ. It includes two phases: The setup phase (9-count) and the Countdown phase (13-count)ģ. The TD Sequential can be used in any timeframe and in any financial-traded assetĢ. I hope that doesn't happen with Wealth-Lab members!ġ. At that time, I had published the full TDS code at Tradingview, but it was misused by a few people for reselling. DeMark, The New Science of Technical Analysis, New York: John Wiley & Sons, 1994, Chapter 7, Sequential" and studied it for a long period of time. Years a go, I read his book "TD Sequential: Thomas R. TD Sequential Ultimate indicator adds another technique of Tom DeMarks authorship to the mix TDST Support/Resistance levels. When investing, your capital is at risk.The Tom Demark Sequential System in its origin and its full function is a rather complex procedure. The evaluation of moving averages leans towards a ‘sell’ sentiment, registering at 6.Īmidst the anticipation of a potential bull run, it’s worth noting that Bitcoin’s price trajectory will also be influenced by factors beyond the cryptocurrency market, such as microeconomic elements, including inflation.ĭisclaimer: The content on this site should not be considered investment advice. A summary of the one-day indicators retrieved from TradingView suggests a ‘neutral’ sentiment score of 8, mirroring the sentiment of oscillators at 7. Over the past seven days, the maiden cryptocurrency has seen minor gains of approximately 1%.Įlsewhere, Bitcoin technical analysis remains dominated by a sense of neutrality. Bitcoin price analysisĪt the time of press, Bitcoin was valued at $29,380. Additionally, the expansion of the Bitcoin community is underscored by another remarkable milestone where a record 4,436,238 addresses now hold at least 0.1 BTC. This statistic reflects a steadfast conviction in the lasting value of Bitcoin, as experienced holders persist in demonstrating their trust in its future potential.Īt the same time, as of August 8, the count of addresses possessing a minimum of one Bitcoin surged to a peak of 1,013,414, coinciding with escalating anticipations of an upswing. Notably, the upcoming halving event slated for 2024 is viewed as a possible catalyst for a potential rally.Īmid this bullish anticipation, the number of Bitcoin long-term ‘HODLer’ supply hit an all-time high, as reported by Finbold on August 10. It is worth noting that as Bitcoin continues to consolidate, there is growing optimism that the asset might rally in the near future. Created by market analyst Tom DeMark, the TD Sequential indicator aims to identify points at which an asset’s price may be due for a change in direction. TD Sequential indicator, which is a technical analysis tool used to assess the potential trend reversals and continuation patterns in financial markets, including the cryptocurrency market. Ever wonder why 2019 failed to produce a fruitful bull market and caused Bitcoin to go sideways for over a year? This is it,” he said. “No Bitcoin bull market has ever taken place without one important signal…The Monthly TD Sequential Golden 7. This sentiment was echoed in CryptoCon’s another post on July 26, where he explained, that no Bitcoin bull market has ever occurred without the Monthly TD Sequential Golden 7. The real bull market is coming,” he said. This one signal is the gatekeeper to the bull run, its nonoccurrence during 2019 sparked a vicious mid-cycle sideways grind for 1 year. “The Bitcoin Golden 7 is completely locked in on the Monthly TD Sequential.
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