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Bitcoin Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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
6524.38 6615.00 6435.04 6504.91 -19.47
Entry Signal

MarketClub’s Trade Triangles for BITSTAMPUSD

long term down The long term trend has been DOWN since Jun 13th, 2018 at 6427.16

intermediate term down The intermediate term trend has been DOWN since Aug 8th, 2018 at 6235.12

short term up The short term trend has been UP since Aug 15th, 2018 at 6544.37

Smart Scan Analysis for BITSTAMPUSD

Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for BITSTAMPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6524.38 6615.00 6435.04 6504.91 -19.47
Prev. Close Volume Bid Ask Time
6524.38 4438 6504.91 6513.29 2018-08-18 08:03:32
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