Bitcoin While it has shown a tremendous rise in the last 7 days, it exceeded $ 52,000. While this rise ignited excitement among investors, an experienced analyst issued a bearish warning for BTC.
At this point, it is followed closely by investors. In his post, crypto analyst Ali Martinez warned investors that Bitcoin may fall in the near term.
Bitcoin’s daily chart TD Sequential indicator Noting that it gave a sell signal, the analyst stated that there could be a potential correction that could last from one to four days.
Underlining the importance of closely monitoring such market indicators, especially during periods of increased volatility, Martinez emphasized the past performance of the TD Sequential indicator and said that it has accurately known all buying and selling signals since December 2023.
“Warning!
The TD Sequential indicator offers a sell signal that anticipates a one to four-day candlestick retracement on the Bitcoin daily chart.
Note that all of the buy and sell signals this indicator has shown since December 2023 have been confirmed. “
Bitcoin continues to trade at $52,190 at the time of writing.
⚠️ Warning! The TD Sequential presents a sell signal on #Bitcoin daily chart, anticipating a one to four daily candlesticks correction. Note that the buy and sell signals this indicator has shows since December 2023 have all been validated. pic.twitter.com/XQoP8TLvye
— Ali (@ali_charts) February 15, 2024
*This is not investment advice.
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