![]() On higher time frame charts, it is still not demonstrating a clear TD9 sell signal. Source: HackernoonĬurrently, the Dow Jones Industrial Average (DJIA) is similarly showing a TD9 on the 4-hour chart. ![]() ![]() Since the price increased, it indicated a TD9 sell signal. Essentially, on any time frame, if the chart of an asset shows nine consecutive candles above or below the closure of four candles prior, then it prints a TD9.įor instance, in 2018, a TD sequential chart by Tone Vays showed the Bitcoin price flashing nine consecutive candles on a 4-hour chart that was above the closure of four candles before the nine candles. The TD sequential is an indicator that identifies a turning point in the price trend of an asset or an index. Fibonacci and TD9: a brutal combination for predicting corrective phases There is a strong possibility that a pullback of equities would translate to increased selling pressure on Bitcoin. stock market is at a major pivotal point as a TD9 sell indicator has lit up while the Dow Jones remains at the 0.618 Fibonnaci level. Once reality sets in, Bitcoin should be unencumbered and can move higher as the clear winner. The inevitable big wash out of useless projects, tokens, ICOs will happen. Do you agree with this notion? Yes, I have been saying this for years. In our interview with Thomas Power, he claimed that “99% of coins will fail”. People getting scammed is probably healthy for Bitcoin and the ultimate demise of scam companies/projects which will ultimately need to go the way of the dinosaur so Bitcoin can succeed. People will need to lose tons of money and then scream for the regulators to come in. Do they stand a chance of getting their money back? And if yes – how? Probably not. No secret that many people have been cheated in the bright daylight. ![]() You are the creator of CryptoSCam, a podcast about the latest scams in the cryptocurrency market. I wouldn’t use the term “manipulation.” Everyone likes to scream “manipulation” all the time but if you actually look at the definition of manipulation this is not applicable. How to invest in the face of such market manipulations? A lot of exchanges do have wash trading and that can inflate real volume. Nearly 90% of the exchanges’ volume was suspect”, Bloomberg has recently reported. ‘75% of reported activity was double what is expected. Not saying ‘good or bad’, it is just a big difference. This does not happen with traditional markets. The other main difference is you still have anonymous exchanges operating where a 13-year-old can sign-up and trade. Do you see major differences between crypto and traditional trading? Why? Crypto markets are 24/7. As far as my own investing goes in retirement accounts, etc. I also sell my own proprietary version of this indicator with modifications. Other indicators like Elliott Waves, Clouds, etc were not being actively used on a daily basis which is why I decided to focus on TD. When I worked in finance this was used by professional traders every day and has been for decades. Our 5 questions to Tone Vays: What are the key indicators driving your trading decisions? Where do you currently invest? My use of the TD system is the best momentum indicator that I have found. Tone is now an independent content creator at and on his YouTube Channel focused on sound economics & finance. Ever since getting involved in the cryptocurrency ecosystem in early 2013, Tone has been active in spreading the importance of this technology as it helps promote economic freedom. Tone has worked on Wall Street for almost 10 years starting as a Risk Analyst at Bear Stearns and later becoming a VP at JP Morgan Chase.
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