DeMarker Bitcoin Analysis & DeMarker Trade Signals
Developed by Tom Demark.
This btcusd indicator is designed to overcome the general shortcomings of traditional overbought and over-sold technical indicators.
The DeMarker is used by Bitcoin traders to predict potential market bottoms & tops by utilizing bitcoin price data comparisons from one bar to the next.
Bitcoin Analysis and How to Generate Signals
This btcusd indicator is interpreted ==22==in a similar way as other overbought / oversold indicators. Overbought level is marked at 70 while over-sold is labeled at 30.
Bullish Reversal Signal - When the DeMarker falls below 30, the bullish bitcoin price reversal should be expected.
Bearish Reversal Signal - When the DeMarker rises above 70, the bearish bitcoin price reversal should be expected.
Analysis in Bitcoin Trading
If you use longer time-frame to draw the Demarker, you will get to catch the long term market trends. If you use the short time-frame based on shorter periods you can enter the btcusd market at the point where the risk is minimum and you can plan the time of transaction so that as it is within the major Bitcoin trend.
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