Bitcoin BTCUSD making a higher high on the weekly chart has perfected a TD9 sell setup. This is a market timing signal that suggests a reversal is possible. However, when this signal fails, it often leads to strong continuation in the original trend direction (up). In this picture, the first highlighted green box shows what happened the last time a perfected TD9 sell setup fired, but ultimately failed. The newly drawn green box is expected to fill out, before a corrective phase, then one more final impulse up to the upper channel boundary.
Published Nov 20, 2024Updated Nov 20, 20242 min read
Bitcoin BTCUSD making a higher high on the weekly chart has perfected a TD9 sell setup. This is a market timing signal that suggests a reversal is possible. However, when this signal fails, it often leads to strong continuation in the original trend direction (up). In this picture, the first highlighted green box shows what happened the last time a perfected TD9 sell setup fired, but ultimately failed. The newly drawn green box is expected to fill out, before a corrective phase, then one more final impulse up to the upper channel boundary.
