EylemCulculoglu

BTC price will go up according to Tom Demark count.

Largo
EylemCulculoglu Actualizado   
BITMEX:XBTUSD.P   Bitcoin
Currently we have a red 8 on Tom Demark count on 4H chart. This means that down trend will be over in 4 hours.
On weekly chart we are at green 8, which means there will be 1 more week of uptrend before possible bear trend starts.

On 4H Chart, Stoch RSI is oversold which is a clear buy signal. Also we have hit the lower Bollinger Band area, which is a clear buy signal as well.

Combining this information, I am confident to say that BTC price will go up till the end of next week. We will probably have a new ATH, then bear trend will start.

Here is my trading advice:

Long at: 7940
Take profit: >8500
Stop loss: 7400

Operación activa:

I was correct with my analysis. Now Tom Demark gave a green 2 on 4H chart. A clear buy signal.

Keep your longs until new ATH. I expect >8500.
9000 is possible.
Operación cerrada: objetivo alcanzado:
We have reached the target. You can take profit now.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.