A popular indicator used by cryptocurrency traders has just printed a massive “buy” signal for Bitcoin.
As pointed out by analyst Moe Mentum, the TD (Tom Demark) Sequential, a time-based indicator used to signal trends, recently printed a massive “buy nine” for Bitcoin’s
Nines, with the TD Sequential, are seen as key reversal points. Indeed, the last time BTC saw a buy nine on its weekly chart in July of 2018, a two-week surge of $3,000 followed soon thereafter.
It is important to note, however, that the weekly candle has yet to close. For this bullish signal to be confirmed, Bitcoin will have to close on Sunday at a similar level to what is being seen now.