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Crypto Trend Analysis Report

Prepared for you on Saturday, November 2, 2024.

Bitcoin (CRYPTO:BTCUSD)

Bull Market Weakness (+75) - BTCUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BTCUSD as it may be in the beginning stages of a reversal.

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.

CRYPTO_BTCUSD
Open High Low BTCUSD Price Change
69581.210 69799.995 69799.995 69400.005 -181.205
Entry Signal

MarketClub’s Trade Triangles for BTCUSD

long term up The long-term trend has been UP since Oct 28th, 2024 at 69979.085

intermediate term up The intermediate-term trend has been UP since Sep 23rd, 2024 at 64061.380

short term down The short-term trend has been DOWN since Nov 1st, 2024 at 72657.185

Smart Scan Analysis for BTCUSD

Based on our trend formula, BTCUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for BTCUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69581.210 69799.995 69799.995 69400.005 -181.205
Prev. Close Volume Bid Ask Time
69581.210 2024-11-02 18:03:03
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