Bitcoin Price Signals Major Buy Opportunity on 4-Hour TD Sequential Chart
A crypto analyst has indicated that the Bitcoin price is showing a significant buy signal on the 4-hour TD Sequential chart. This signal implies a potential reduction in Bitcoin's bearish momentum, marking an important moment for market entry consideration.
Bitcoin Price TD Sequential Flashes Buy Signal
The TD Sequential is a technical indicator used to identify trend exhaustion and price reversals by generating buy or sell signals. Analyst Ali Martinez noted a green “9” candle on Bitcoin’s 4-hour chart, indicating a potential buying opportunity.
In a downtrend, a green 9 candle typically suggests a buy signal, indicating potential exhaustion of bearish momentum and possible price recovery. The chart also features an "A13" marker, which indicates a countdown phase tracking an additional 13 candles to identify stronger trend exhaustion.
During a downtrend, the A13 often suggests a decline in selling pressure, reinforcing the likelihood of a price reversal. Currently, Bitcoin's buy signal activated as its price surpassed $94,000, identifying an optimal entry point around $94,915 for traders seeking to benefit from a potential rebound.
While the TD Sequential provides buy and sell signals, market participants should consider factors such as volatility and market sentiment. If the buy signal remains valid, a price rebound is anticipated. Conversely, failure to maintain the current price could lead to further declines, potentially reaching the next critical support level.
BTC Market Top Set At $168,500
In a recent X post, Martinez presented a chart predicting a market top for Bitcoin above $168,500 based on the Mayer Multiple. This metric compares Bitcoin's price to the 200-day Moving Average (MA).
The red line on the chart represents the Mayer Multiple (MM) at 2.4, while the green line depicts MM at 0.8. The blue line tracks the Mayer Multiple over time.
Historically, Bitcoin price tops have aligned with the Mayer Multiple at or above 2.4. Presently, Bitcoin’s Mayer Multiple is at 1.3845. If the price continues to rise and MM reaches 2.4, Martinez predicts a market top exceeding $168,500.
Currently, Bitcoin's price is $94,692, implying a required increase of 78% to reach $168,500.
