DeMark Projected Range Bitcoin Trading Analysis & DeMark Projected Range Trading Signals
Developed by Tom Demark.
This btcusd indicator is used to signal the potential high and low bitcoin trading prices that a chart bitcoin price is likely to reach.
This is referred to as the range projection and it is calculated using the open and the close bitcoin trading prices of the most recent bitcoin price period.
DeMarks Projected Range
Bitcoin Crypto Currency Trading Analysis and How to Generate Signals
This btcusd indicator will show two points, the projected high and the projected low of a specific bitcoin price period. This will be used as the reference point.
Bullish Up Bitcoin trend Signal
If the next bitcoin 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 bitcoin price bar opens below the projected low then the btcusd trading market will continue in a downwards Bitcoin trend.
Ranging Bitcoin Trade Market
If the next bitcoin price bar opens within the projected range, then this is a signal that the btcusd trading market will remain in a range base.
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