Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
NYSE Bitcoin Index (GIF:NYXBT)
Strong Uptrend (+100) - NYXBT is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NYXBT continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid NYXBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for NYXBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NYXBT
The long-term trend has been UP since Jun 2nd, 2020 at 9774.01
The intermediate-term trend has been UP since Jul 8th, 2020 at 9413.19
The short-term trend has been UP since Jul 22nd, 2020 at 9230.89
Smart Scan Analysis for NYXBT
Based on our trend formula, NYXBT is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).