Crypto Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Weak Uptrend (+65) - BITSTAMPUSD is showing signs of weakening momentum to the upside. Monitor 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 UP since Sep 3rd, 2021 at 50562.11
The intermediate-term trend has been UP since Oct 3rd, 2021 at 48834.00
The short-term trend has been DOWN since Oct 22nd, 2021 at 61350.00
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).