Crypto Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Bull Market Weakness (+75) - BITSTAMPUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BITSTAMPUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BITSTAMPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITSTAMPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BITSTAMPUSD
The long-term trend has been DOWN since Jan 6th, 2022 at 41967.50
The intermediate-term trend has been UP since Jul 18th, 2022 at 22401.00
The short-term trend has been UP since Aug 10th, 2022 at 24246.06
Smart Scan Analysis for BITSTAMPUSD
Based on our trend formula, BITSTAMPUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).