01 Jul 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Consolidating for the past 44HRs.
  • Overhead 200MA resistance lowered to approx $6815.
  • RSI and MACD positive.
  • Stochastic RSI slightly negative.
  • Volume steady.

01 Jul 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6540 – Price Target $6841 | Probability: 38% | Signal Strength: 4/5

Neutral: Price Range $6299 - $6540

Short: On a confirmed break below $6299 – Price Target $6029 | Probability: 33% | Signal Strength: 2/5

Our Stance: Tight longs.