DeMark Projected Range Bitcoin Trading Analysis and DeMark Projected Range Bitcoin Trading Signals

Developed by Tom Demark.

This btcusd indicator is used to signal the potential high and low bitcoin prices that a cryptocurrency chart btcusd price is likely to reach.

This is referred to as the range projection and it is calculated using the open and the close bitcoin prices of the most recent btcusd price period.

DeMark Projected Range

Bitcoin Trading Analysis and Generating Bitcoin Trading Signals

This btcusd indicator will show two points, the projected high and the projected low of a specific btcusd price period. This will be used as the reference point.

Bullish Up Bitcoin trend Signal

If the next btcusd price bar opens above the projected high then the btcusd trading market will continue in an upwards Bitcoin trend.

Bearish down bitcoin trend Signal

If the next btcusd price bar opens below the projected low then the btcusd trading market will continue in a downwards Bitcoin trend.

Ranging Bitcoin Trading Market

If the next btcusd price bar opens within the projected range, then this is a signal that the btcusd trading market will remain in a range base.