02 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Rejection point lowered at approx $7665.
  • Lower low retest point at approx $7525.
  • All indicators with evident positive divergences.
  • Volume balanced.
  • Monitoring whether current move is a trap.

02 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $7680 – Price Target $7880 | Probability: 30% | Signal Strength: 2/5

Neutral: Price Range $7487 - $7680

Short: On a confirmed break below $7487 – Price Target $7273 | Probability: 36% | Signal Strength: 3/5

Our Stance: Very tight speculative longs.

02 Aug 18 - Bitcoin Snapshot | Ecency