BTC price will go up according to Tom Demark count.
Updated
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
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
Trade active
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.
Trade closed: target reached
We have reached the target. You can take profit now.
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