02 Jun 18 - Bitcoin Price Alert

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2H Chart - Price Key Points:

  • Bullish continuation from approx $7520.
  • Bullish flag formation (confirmed).
  • Consolidating for the past 16HRs.
  • 200MA resistance at approx $7743.
  • Indicators signal a possibility of a slight pullback.

02 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $7692 – Price Target $7800| Probability: 34% | Signal Strength: 3/5

Neutral: Price Range $7580 - $7692

Short: On a confirmed break below $7580 – Price Target $7485 | Probability: 29% | Signal Strength: 1/5

Our Stance: Protecting long positions.