Future Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
BITCOIN Oct 2018 (E) (CME:BTC.V18.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.
MarketClub’s Trade Triangles for BTC.V18.E
The long term trend has been DOWN since Jul 27th, 2018 at 8290
The intermediate term trend has been DOWN since Sep 10th, 2018 at 6280
The short term trend has been UP since Oct 15th, 2018 at 6535
Smart Scan Analysis for BTC.V18.E
Based on a pre-defined weighted trend formula for chart analysis, BTC.V18.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||7405||Contract High Date||2018-09-04|
|Contract Low||6030||Contract Low Date||2018-10-10|
|Open Time||18:00||Close Time||17:00|