Crypto Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 DOWN since Oct 23rd, 2019 at 7714.70
The intermediate term trend has been UP since Jan 6th, 2020 at 7692.98
The short term trend has been DOWN since Jan 19th, 2020 at 8573.91
Smart Scan Analysis for BITSTAMPUSD
Based on a pre-defined weighted trend formula for chart analysis, BITSTAMPUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).