December 7, 2019 Finance and Tech Publication

Bitcoin Analyst Whose Indicator Who Called $3,150 Bottom Predicts 30% Drop Possible

If you’ve followed the Bitcoin and cryptocurrency technical analysis space, you likely know of the TD Sequential.The indicator, created by Point 72 consultant and well-known investor Tom DeMark (hence TD Sequential), has long been a staple of the trading suites of many investors, giving these traders a way through which they can determine where assets have found local tops and bottoms. Specifically, it has become popular with Bitcoin traders, with Wall Street veteran turned BTC proponent Tone Vays and other popular analysts actively promoting the time-centric indicator.Related Reading: Under 6.8m Bitcoin Changed Hands in the Past Year: Does it Indicate Positive Sentiment?Demark, who has been largely quiet on cryptocurrencies due to his lack of online presence, recently broke his silence on Bitcoin, taking to Bloomberg to explain his indicator and talk about his expectations for the future price of BTC.

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