DeMark Projected Range Bitcoin Trading Analysis and DeMark Projected Range 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 and get to.
This is referred to as the range projection and it's calculated using the open and the close bitcoin trading prices of the most recent bitcoin price period.
DeMarks Projected Range
Bitcoin Trading Analysis & How to Generate Signals
This btcusd indicator will show 2 points, the projected high & 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 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 trade signal that the btcusd trading market will remain in a range base.
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