DeMark gave early warning ETH:BTC downtrend broken

4 gen 2017

I implemented Tom DeMark's TDST; on the 3-day Poloniex:ETHBTC chart it suggested on the 23rd the 3-month downtrend was breaking, on 3 January it was proved to be correct.

I am looking at low .01200's as a target price in the next 2 weeks.

4 gen 2017

Nota

For those wondering, a thin stripe means the 9 consecutive bar setup is complete (each bar closes lower than the low 4 bars ago for buy setups, the reverse for sell setups). The medium stripe increases in length as the count to 13 starts (each time a bar closes below the low 2 bars ago the counter is incremented). When the count reaches 13 the signal is printed (thickest stripe). For simplicity I've zeroed all the counts once the signal prints, strictly speaking the count may continue higher before the low or high is reached. I've also arbitrarily added a rule that if the signal hasn't printed 40 bars from the setup the whole thing should abort. The chart looks cleaner that way.