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Bitcoin Trend Analysis Report

Prepared for you on Thursday, April 26, 2018.

Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

BITCOIN_BITSTAMPUSD
Open High Low BITSTAMPUSD Price Change
8804.44 9175.00 8647.29 8862.44 +58.00
Entry Signal

MarketClub’s Trade Triangles for BITSTAMPUSD

long term up The long term trend has been UP since Oct 29th, 2015 at 317.99

intermediate term up The intermediate term trend has been UP since Apr 20th, 2018 at 8680.00

short term down The short term trend has been DOWN since Apr 25th, 2018 at 8760.00

Smart Scan Analysis for BITSTAMPUSD

Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for BITSTAMPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8804.44 9175.00 8647.29 8862.44 +58.00
Prev. Close Volume Bid Ask Time
8804.44 27552 8847.18 8858.47 2018-04-26 09:04:42
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