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Bitcoin Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.

BITCOIN_BITSTAMPUSD
Open High Low BITSTAMPUSD Price Change
9413.86 9993.00 9049.54 9666.66 +252.80
Entry Signal

MarketClub’s Trade Triangles for BITSTAMPUSD

long term up The long term trend has been UP since Apr 2nd, 2019 at 4190.00

intermediate term down The intermediate term trend has been DOWN since Jul 16th, 2019 at 9614.08

short term down The short term trend has been DOWN since Jul 11th, 2019 at 11332.19

Smart Scan Analysis for BITSTAMPUSD

Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for BITSTAMPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9413.86 9993.00 9049.54 9666.66 +252.80
Prev. Close Volume Bid Ask Time
9413.86 17048 9658.58 9668.76 2019-07-17 19:33:05
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