Crypto Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Weak Downtrend (-65) - BITSTAMPUSD is showing signs of a strengthening downtrend. Monitor BITSTAMPUSD as it may be building momentum to the downside.
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 41967.5
The intermediate-term trend has been UP since Jul 18th, 2022 at 22401.0
The short-term trend has been DOWN since Aug 16th, 2022 at 23782.0
Smart Scan Analysis for BITSTAMPUSD
Based on our trend formula, BITSTAMPUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).