08 Feb Price on Verge of Steep Pullback
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If you’ve been involved in Bitcoin or crypto investment at all over the past two years, you likely know of the TD Sequential.
The technical indicator, created by Point 72 consultant Tom Demark, has long been a staple of trading suites of crypto investors, giving these individuals a way through which they can figure where assets have found macro reversal points.
Indeed, as Demark noted in a recent interview with Bloomberg, his indicator printed a “13” candle (a reversal candle) when Bitcoin hit $20,000 in December 2017, when BTC cratered to $3,150 on December 14th of 2018, and at the $14,000 top in June of 2019.
Related Reading: A Major Ethereum Signal Just Flashed. Last Time it Did, ETH Surged 400%
In other words, his indicator managed to call the three most important inflection points of Bitcoin’s entire price trend over the past few years, giving the TD Sequential a great track record.
Thus, it should be noted that there is growing downside risk in the crypto market, for the…
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