Bitcoin Trend Analysis Report
Prepared for you on Sunday, July 15, 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.
MarketClub’s Trade Triangles for BITSTAMPUSD
The long term trend has been DOWN since Jun 13th, 2018 at 6427.16
The intermediate term trend has been DOWN since May 15th, 2018 at 8208.81
The short term trend has been UP since Jul 15th, 2018 at 6344.57
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).