trianglescrypto

$BTC 9D candles + TD Sequential suggest reversal imminent

Long
BITSTAMP:BTCUSD   Bitcoin
Using 9 day candles with the 9-count TD Sequential indicator should be a no-brainer to anybody who understands numerology

It called the 2017 top and the first 2021 peak, as well as the July 2021 low and reversal.

The November high came 1 candle shy of another 9 + a 4-candle reversal, then down again. The so-called "spirit of the 9".

We are now (Jan 2022) at another 9 bottom candle, a possible higher low at trend line support. A repeat of the previous PA suggests a new ATH by late April.

Of course, past performance does not ensure future results. But it still looks to me like BTC is in a bullish upward consolidation pattern.
Comment:
This turned into a breakdown of the triangle, followed by a re-test and then more downside.

Looks rather bearish now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.