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Bitcoin Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)

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.

BITCOIN_BITSTAMPUSD
Open High Low BITSTAMPUSD Price Change
6413.72 6457.07 6388.99 6397.98 -15.74
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 Sep 9th, 2018 at 6113.23

short term up The short term trend has been UP since Oct 14th, 2018 at 6255.05

Smart Scan Analysis for BITSTAMPUSD

Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BITSTAMPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6413.72 6457.07 6388.99 6397.98 -15.74
Prev. Close Volume Bid Ask Time
6413.72 2058 6396.01 6398.53 2018-10-22 06:44:06
Want to analyze Bitcoin BTC Bitstamp BITSTAMPUSD or another symbol? Try our Free Bitcoin Trend Analysis Report.