Crypto Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Strong Downtrend (-100) - BTCUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BTCUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BTCUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTCUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTCUSD
The long-term trend has been DOWN since Jan 6th, 2022 at 46159.87
The intermediate-term trend has been DOWN since Apr 12th, 2022 at 41962.72
The short-term trend has been DOWN since Jun 28th, 2022 at 21482.38
Smart Scan Analysis for BTCUSD
Based on our trend formula, BTCUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).