Bitcoin SV and Tezos on the rise

2022-01-11 区块链达人

The trader CryptoBull states that Bitcoin has formed a golden cross and has shown these formations before the last two bull runs on April 24, 2019, at $5,400, and on October 28, 2015, at $300. According to CryptoBull, this could indicate that Bitcoin has been pumping again.The coming days and weeks will give a better insight into whether the bullish cross is really sufficient to start a parabolic uptrend. Should Bitcoin fall below the important support of $9,500, the Golden Cross could lose its validity and Bitcoin could start a downward movement.

However, analysts agree that both ETH and XTZ are overbought. A sell signal is shown in the form of the sequential indicator SD9 on the respective trading pairs against BTC. This indicates that no further upward movement will occur until a larger correction is completed.

The TD Sequence Indicator was designed by financial market expert Thomas DeMark and is used to detect whether an asset is indicating a buy or sell signal after the closing of the last 9 candlesticks. After at least 9 consecutive days of steady uptrend, ETH as well as XTZ have reached a value of 9 on the TD Sequence indicator, so the indicator shows that now is an ideal time to sell ETH or XTZ.

Author : Collin Brown