Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
BITCOIN Sep 2020 (CME:BTC.U20)
Long-Term Uptrend (+90) - BTC.U20 is in a strong uptrend that is likely to continue. While BTC.U20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BTC.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTC.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTC.U20
The long-term trend has been UP since Apr 23rd, 2020 at 7550
The intermediate-term trend has been UP since Jul 22nd, 2020 at 9650
The short-term trend has been UP since Aug 5th, 2020 at 11655
Smart Scan Analysis for BTC.U20
Based on our trend formula, BTC.U20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).