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TD13 Fires on BTCUSD Daily: Is This The Moment Before Reversal?

A TD13 (Tom DeMark Sequential 13) is a technical indicator designed to identify potential trend exhaustion and reversal points.

It can signal that an existing trend is becoming vulnerable to a reversal, even when price momentum still appears strong.

• TD13 Sell: Appears after an extended advance. Signals potential buying exhaustion, increasing the probability of a bearish reversal or meaningful correction.
• TD13 Buy: Appears after an extended decline. Signals potential selling exhaustion, increasing the probability of a bullish reversal or meaningful recovery.

What makes a TD13 significant?

Unlike a traditional overbought/oversold oscillator, TD Sequential measures a specific sequence of price behavior. Its Countdown phase reaches 13 when enough qualifying bars have occurred following a Setup.

A TD13 can precede a sharp reversal, but it can also produce a temporary consolidation, a modest countertrend move, or no reversal at all.

UPD

Do you want to do a live session to discuss the proxy and the consequences on the possible merger announcement?

I'll do a poll for possible timing, please participate, and also post your questions so I can prepare.

AI data center stocks got hammered last week. CoreWeave fell about 25%. The cost of insuring its debt against default, through credit default swaps, climbed past 11% a year. Its bonds sold off until they yielded close to 15%. A hot inflation report raised the odds of another rate hike, and the companies that borrow to build data centers took the worst of it.

While that was happening, two executives at Applied Digital (APLD) were buying. Applied Digital builds AI data centers in North Dakota and leases them to tenants that include CoreWeave. On Friday, the day the stock fell 11.5%, President Jason Zhang bought 300,000 shares at $18.86, about $5.7M. CEO and Chairman Wes Cummins bought 55,803 shares at $18.04, a penny under the close. It's his first open-market buy since 2023.

The stock finished the week at $18.05, down 24%. Two of the people with the best view of Applied Digital's tenants and its debt put $6.7M into it on the worst day of the selloff.

How does a tech 'bubble' burst when fund managers are maximum underweight tech?

This is not like 1999. Back then we were all trading tech like crazy, and playing every IPO. It was a true mania.

Today is the opposite. Nobody overweight tech and perpetually calling it a bubble..

#Brent In my analysis on the night of September 22, I highlighted the significance of the 97.905 level, noting that if it managed to push above 99.403, it would likely head straight toward the 104.632 zone—as indicated at the marked point.

After establishing 104.632 as a support level, the price surged from 107.537 on Friday, testing the upper resistance area around 112.37.

A breakout above this zone would open a new channel for oil, bringing the 114.254, 117.861, and 119.988 levels into play.

Conversely, should it face rejection at 112.37, the levels at 109.044, 107.637, and 104.632 would serve as support.

As it stands, the "heat" in the oil market shows no signs of cooling down. This is bound to have negative repercussions—globally, as well as within our own already fragile market—exacerbating inflation and, most importantly for us, weighing on our stock exchange.

Hoping that things settle down soon and that this "dark beast" (oil) cools off. Not investment advice.

onsgold experienced a sharp sell-off on Wednesday, driven by a rise in U.S. 10-year Treasury yields. It subsequently tested the support levels I had previously identified, ultimately closing the week at $4,165.420—firmly holding above the $4,139 support level. (Note: $4,165.450 was my designated resistance level.)

The key factor to watch this week is whether the price can maintain its position above the $4,139 support level; a drop below this would intensify selling pressure.

On the upside, our resistance levels are $4,179, $4,192, and $4,218, with a final target of $4,233. A move above $4,233 would signal significant strength for spot gold, likely fueling strong buyer appetite.

I will keep you updated should any significant developments arise.

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Margin Debt tops lead SPX tops.

Margin Debt made a lower high in September.

We will see whether October data stays below the high, creating a negative divergence. If so, it would be bearish.

SPX vs McClellan Summation Index (MCC SI)

MCC SI, the trend indicator, curled up, but it did not help SPX.

A red flag? I suspect that the MCC SI will curl down after a bounce.

NYSE Common Stock Advance-Decline Line is bouncing.

It does look like a bear flag, though.