TD Sequential Indicator: A Bull Market Tool for Buying Strength
The host of Crypto Skills Technology recently shared their insights on using the TD Sequential indicator to buy strength in a bull market.
According to the host, buying at the top is often equivalent to buying at the bottom, as today's highs can become tomorrow's lows. They emphasized that only coins breaking out and entering an uptrend are worth buying on the way up.
The core signal for a breakout is breaking the previous high. The host used UNI as an example, explaining that when it seemed like the price was already high and not worth buying, there were actually opportunities to buy strength rationally using the TD Sequential indicator.
The method involves looking for a red TD9 in an uptrend, which serves as an excellent entry point. The host also highlighted the effectiveness of this strategy on other coins such as ZEC, BCH, NEAR, and SUI, citing high profitability when buying strength.
It's essential to note that the red TD9 only works during uptrends and should not be used to catch bottoms in a downtrend. The host stressed the importance of using this indicator to buy strength, rather than jumping into the market blindly.