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 cryptocurrency chart bitcoin trading 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 trading price period.

DeMark Projected Range

Bitcoin Trading Analysis & How to Generate Trading 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 trading 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 trading 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 bitcoin trading price bar opens within the projected range, then this is a signal that the btcusd trading market will remain in a range base.