The high is also the 2 Fibonacci extension from the move from 2019 to 2020, which lines up with Demark’s math equation.
Adding $19,970 to the Black Thursday low takes the price per BTC exactly the 2020 high of $23,750.Ĭould math and Fibonacci extensions predict the outcome of this rally? | Source: BTCUSD on Doubling this number comes to a sum of $19,970. Subtracting the 2020 swing low from the 2019 high, resulted in a $9,985 measured move.
#Td sequential software#
Using his son’s Symbolik technical analysis software pictured above, Demark sees a signal that has also appeared alongside “the precise Decemhigh, the precise low day December 14, 2018, and then the precise Jhigh day.”ĭemark also calls attention to an interesting mathematical measurement taken from June 26, 2019, high to the recent March 2020 Black Thursday low. There is an aggressive TD 13 sell countdown on BTCUSD using TJ Demark's Symbolik | Source: BTCUSD on TD Sequential Thomas Demark Creator Warns Of Cryptocurrency Trend Exhaustionĭemark is the creator of the TD Sequential indicator that crypto traders have come to swear by. The asset just set a new price record, and in the past, once this happens the train leaves the station and the cryptocurrency doesn’t stop pumping until a new peak is in.Įven with all of this going on, market timing expert Thomas Demark thinks that the trend is “exhausted” and a reversal could soon follow. Bitcoin’s limited supply and block reward mechanism ensures it fits this role well, and the world now realizes this.
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