Technical strategist DeMark called the euro bottom. Here's what he says now about the euro, bitcoin and the Nasdaq 100

Now he says the euro EURUSD, -0.17% could experience its first setback after a 15% multi-month rally from $0.9536. But the setback won’t derail a longer-term move to $1.20, DeMark says. See DeMark’s analysis on his website Symbolik.com

DeMark, the founder and CEO of DeMark Analytics, focuses on the number of days — which don’t have to be consecutive — that 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. (The opposite is the case on the way up.)

DeMark in November told MarketWatch that bitcoin BTCUSD, -0.41% was approaching a bottom, which happened on Nov. 21. It’s now approaching a near-term top, he says. He says an upside trend exhaustion requires two successively higher closes than the recent high close of $23,204, and also a high above $24,095 to $25,055.

The Nasdaq 100 QQQ, +2.22%, he says, is rallying above its upside resistance, which is the Dec. 14 close. If the break is confirmed in upcoming days, it should see an extended advance, he says.

The Invesco QQQ ETF which tracks the Nasdaq 100 has climbed 9% this year.