Future Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
BITCOIN Jul 2022 (CME:BTC.N22)
Long-Term Downtrend (-90) - BTC.N22 is in a strong downtrend that is likely to continue. While BTC.N22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BTC.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTC.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTC.N22
The long-term trend has been DOWN since Apr 26th, 2022 at 38375
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 28300
The short-term trend has been DOWN since Jun 27th, 2022 at 20675
Smart Scan Analysis for BTC.N22
Based on our trend formula, BTC.N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).