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A crypto analyst has shared a TD Sequential chart indicating that the<a target="_blank" href="https://bitcoinist.com/bitcoin-rare-buy-signal-130000/amp/” rel=”nofollow”> bitcoin price is showing a major buy signal within 4 hours. This signal suggests that bitcoin's bearish momentum could be waning, making this a potentially critical time to consider entering the market.
bitcoin TD Price Sequential Flashes Buy Signal
TO<a target="_blank" href="https://bitcoinist.com/bitcoin-breaks-above-90000-td-sequential-says-100000-price-before-weekend/amp/” rel=”nofollow”> sequential TD is a unique technical indicator that identifies trend exhaustion and price reversals and indicates buy or sell signals. According to an x (formerly twitter)<a target="_blank" href="https://x.com/ali_charts/status/1870929469105709406?s=46″ rel=”nofollow”> mail According to crypto analyst Ali Martínez, bitcoin's 4-hour chart shows a green “9” candle, which indicates a potential purchase opportunity.
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Normally, in a downtrend, the green 9 candle is interpreted as a buy signalindicating that the bearish momentum could be reaching its exhaustion and prices could be preparing for a rally. Martinez also shows a marker “A13” on the TD Sequential chart, which represents a countdown phase that tracks 13 additional candles and identifies a stronger one. trend exhaustion.
during a<a target="_blank" href="https://bitcoinist.com/bitcoin-price-suffers-from-significant-coinbase-selling-activity-largest-since-october-26th/amp/” rel=”nofollow”> downward trendThe appearance of a TD Sequential A13 often indicates a possible decline in the settlement phase of a cryptocurrency, reinforcing the possibility of a<a target="_blank" href="https://bitcoinist.com/bitcoin-correction-looms-as-analyst-predicts-85600/amp/” rel=”nofollow”> price reversal. The current bitcoin buy signal emerged when its price surpassed $94,000. This buy signal suggests a<a target="_blank" href="https://bitcoinist.com/bitcoin-metrics-show-market-equilibrium-entry-opportunity-or-a-sign-of-stagnation/amp/” rel=”nofollow”> optimal time to enter the marketwith the price of $94,915 highlighted as a potential entry for traders looking to capitalize on a potential bitcoin price rally.
Although TD Sequential is an indicator used to identify buy and sell signals, market participants may exercise caution when considering additional factors such as volatility, <a target="_blank" href="https://bitcoinist.com/bitcoin-sentiment-drops-out-extreme-greed-bearish/amp/” rel=”nofollow”>broader market sentimentand more. If the current buy signal holds, Martínez has predicted that a price rebound can be expected. However, failing to maintain its current price could lead to further downside, which could push bitcoin to its next level. <a target="_blank" href="https://bitcoinist.com/bitcoin-investors-form-key-support-zone/amp/” rel=”nofollow”>critical support level.
btc market high set at $168,500
In another more recent<a target="_blank" href="https://x.com/ali_charts/status/1870982149916278859?s=46″ rel=”nofollow”> x publicationMartínez presented a graph of <a target="_blank" href="https://bitcoinist.com/bitcoin-surges-past-a-critical-market-indicator/amp/” rel=”nofollow”>bitcoin price movementspredicting a market high above $168,500 according to the Mayer Multiple. The chart shows bitcoin price performance according to the Mayer Multiple, which compares btc to the <a target="_blank" href="https://bitcoinist.com/bitcoin-price-200-ma-break/amp/” rel=”nofollow”>200-day moving average (MA).
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The red line, as seen on the graph, indicates the Mayer Multiple (MM) at 2.4, while the green line shows MM at 0.8. Also, the blue line is the Oscillator, which tracks the Mayer Multiple over time.
Historically, bitcoin price highs have coincided with the Mayer multiple reaching the 2.4 level or higher. Currently, bitcoin's Mayer Multiple stands at 1.3845 on the chart. However, if its price continues to rise and the MM reaches 2.4 again, Martínez predicts a top of the market above $168,500 for bitcoin.
At the time of writing, the price of bitcoin is $94,692, meaning that an increase to $168,500 would require a significant increase of 78% from its current market value.
Featured image created with Dall.E, chart from Tradingview.com
