Bitcoin Trend Analysis Report
Prepared for you on Thursday, September 21, 2017.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Sep 14th, 2017 at 3600.00
The short term trend has been UP since Sep 18th, 2017 at 3872.90
Smart Scan Analysis for BITSTAMPUSD
Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).