Future Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
BITCOIN Aug 2019 (CME:BTC.Q19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 BTC.Q19
The long term trend has been UP since Jun 12th, 2019 at 8325
The intermediate term trend has been DOWN since Jul 14th, 2019 at 10460
The short term trend has been DOWN since Jul 11th, 2019 at 12120
Smart Scan Analysis for BTC.Q19
Based on a pre-defined weighted trend formula for chart analysis, BTC.Q19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).