Bitcoin Trend Analysis Report
Prepared for you on Thursday, January 18, 2018.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
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 Jan 16th, 2018 at 12050.00
The short term trend has been DOWN since Jan 8th, 2018 at 14810.00
Smart Scan Analysis for BITSTAMPUSD
Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).