Bitcoin Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
MarketClub’s Trade Triangles for BITSTAMPUSD
The long term trend has been UP since Oct 29th, 2015 at 317.99
The intermediate term trend has been UP since Apr 9th, 2017 at 1202.00
The short term trend has been UP since May 17th, 2017 at 1815.00
Smart Scan Analysis for BITSTAMPUSD
Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).