TD Sequential Buy Signal Sparks Rebound Hopes for Bitcoin and XRP

Bitcoin and Ripple's XRP have triggered TD Sequential buy signals, suggesting a potential price rebound within 3 to 9 days. Analyst Ali Martinez pointed out that Bitcoin has shed roughly $30,000 since trading above $90,000 on January 28, bottoming out at $60,000 last Friday before briefly recovering to $72,000 on two separate occasions.

The TD Sequential indicator, developed by Tom DeMark, is known for identifying potential market reversal points after extended moves in either direction. Martinez noted that XRP also triggered a buy signal before its latest 3-4% drop, and that the TD Sequential had 'perfectly timed' the local top for XRP in the past.

The indicator's historical accuracy gives the latest buy signals added weight for traders watching for a potential bottom in a market that has been under sustained selling pressure for weeks. Bitcoin is currently trading below $67,000, while XRP is nursing fresh losses.