Bitcoin Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 Apr 2nd, 2019 at 4190.00
The intermediate term trend has been UP since Aug 4th, 2019 at 11370.78
The short term trend has been DOWN since Aug 21st, 2019 at 10065.41
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).