While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility.<\/p>\n
But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and hopefully an end to this trading range.<\/p>\n
The two largest cryptocurrencies by market cap have been the most stagnant of the bunch. Both Bitcoin and Ethereum have more resembled a stablecoin more so than their explosively volatile former selves.<\/p>\n
The uncharacteristic sideways price action in these two assets pushed investors and traders to find opportunities in greener pastures.<\/p>\n
Related Reading | Bitcoin Historical Volatility Approaching Zero Could Signal Blossoming Bull Trend<\/p>\n
Elsewhere in the crypto market, Chainlink set a new all-time high and several DeFi tokens have skyrocketed as that bandwagon chugs along.<\/p>\n
Nearly every major crypto asset had some positive movement, even long cryptocurrency market underperformers like Ripples XRP and Stellars XLM.<\/p>\n
Its only been Bitcoin and Ethereum, the two primary market movers and most dominant crypto assets, that have behaved in this manner.<\/p>\n
All this could soon change now that a buy setup has appeared on todays daily price chart on the two assets.<\/p>\n
Although the number one and number two ranked cryptocurrencies have been trading sideways, there has been enough downside to trigger a buy setup on their USD trading pairs.<\/p>\n
On both BTCUSD and ETHUSD, the TD Sequential indicator is signaling a 9 count and imperfect buy setup.<\/p>\n<\/p>\n
For the buy setup to perfect, todays candle must set a lower low than yesterdays low, pushing to sub $9000.<\/p>\n
A rise above roughly $9250 would flip the series green and change the 9 to a 1 candle. A 1 candle signifies the start of a new sequence.<\/p>\n<\/p>\n
For Ethereum to perfect, the number one altcoin must fall to below $229 per ETH. A rise above $240 would turn the series green and start the sequence over.<\/p>\n
Its worth noting that just because the setup is here, it doesnt necessarily guarantee follow-through. The indicator has been highly accurate in cryptocurrency trading but isnt 100% successful.<\/p>\n
Related Reading | Sell Signals On Ethereum and Others Could Mean Altcoin Season Is Finished<\/p>\n
Recently, sell setups on these same major crypto assets have resulted in no break of the current trading range or end to sideways action. A sell signal also appeared ahead of Chainklink setting new record highs so anything is possible.<\/p>\n
If Bitcoin and Ethereum once again shake off any buy or sell signals, the crypto market could experience an even longer bout of stagnancy. If this continues, small- and mid-cap altcoins could continue to outperform.<\/p>\n
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Buy Signals On Bitcoin and Ethereum Could Bring Sudden End To Sideways Trend | NewsBTC - newsBTC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and hopefully an end to this trading range Continue reading