Bitcoin Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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.
MarketClub’s Trade Triangles for BITSTAMPUSD
The long term trend has been UP since Apr 2nd, 2019 at 4190.00
The intermediate term trend has been DOWN since Aug 29th, 2019 at 9467.57
The short term trend has been DOWN since Sep 6th, 2019 at 10286.00
Smart Scan Analysis for BITSTAMPUSD
Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).