Bitcoin Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Feb 17th, 2019 at 3711.04
The short term trend has been UP since Feb 17th, 2019 at 3620.53
Smart Scan Analysis for BITSTAMPUSD
Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).