When comparing past bull market cycles and their pausing points using a “parabolic” indicator, the tool confirms that the recent advance has been broken.
Technical analysis indicators often involve multiple strategies using the same tool.
When price action returns to pierce through the dots, it is a signal the trend has stopped and reversed – hence what the SAR itself stands for.
Currently, on two-week timeframes, the SAR is suggesting that the trend has ended in Bitcoin.
The next chart is yet another technical indicator with a wide array of uses.
Each time there’s been a red “1” signal on the TD Sequential indicator, it has kicked off a decent-length downtrend.
While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.
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