Bitcoin Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Feb 17th, 2019 at 3711.04
The short term trend has been UP since Jun 7th, 2019 at 8025.00
Smart Scan Analysis for BITSTAMPUSD
Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).