Cryptocurrency enthusiasts have been taken on a fascinating journey as Bitcoin has made a parabolic move in 2021, reaching an all-time high of nearly $33,000. After the surge of prices, liquidity crises in the exchanges gave bears the chance to cause a price drop. Bitcoin's price then dropped to approximately $27,000. But Thomas Demark's TD Sequential buy setup on the daily BTCUSD spot exchange charts has signalled a potential reversal and the start of a bull rally.

Thomas Demark's TD Sequential is a market timing tool which counts up or down candles until the sequence is satisfied and the count reaches 9. If the TD9 setup fails, then it escalates to a count of 13. Although the signal does not guarantee a reversal every time, if it is triggered at a key level, then it does improve chances of a reversal. In the case of BTCUSD, the TD9 setup has already worked a few times since the local bottom was put in.

From the past examples, the TD8 signal has usually shown to have an immediate upside reaction. Therefore, it is important to take note of what will happen over the next day or two since the signal was triggered. If buyers take control and BTC rejects further downside, then this could signal that the correction period is over and the bull run is going to continue.

It is worth noting that the current situation may be different with the perfected TD8 signal, and the reaction could possibly be different than previous TD9 signals. With that being said, the resolution of this TD8 setup will set the tone for the rest of 2021, and will tell us whether the market is ready for a fresh move.



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