Technical strategist Tom DeMark in March said bitcoin could fall as low as $18,418 -- back when the cryptocurrency was trading as high as $48,000.
Technical strategist Tom DeMark in March said bitcoin could fall as low as $18,418 — back when the cryptocurrency was trading as high as $48,000.
DeMark’s... Technical strategist Tom DeMark in March said bitcoin could fall as low as $18,418 — back when the cryptocurrency was trading as high as $48,000. DeMark’s indicators place great importance on the number of days, which don’t have to be consecutive, in which there was a close lower than the close two days ago. Subject to various conditions, when the countdown reaches 13, a buy signal is triggered. Put more simply, his analysis looks for both overbought and oversold signals.
See earlier story: The technician who called the 2020 market bottom says a ‘shocking rally’ is in store
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