04 Sep 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Triple upward continuation from approx $7265.
  • Temp support at approx $7307.
  • RSI with a minor negative divergence.
  • Volume indicating a negative divergence.
  • Momentum almost balanced
  • Upward movement possibly limited.

04 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $7443 – Price Target $7564 | Probability: 35% | Signal Strength: 3/5

Neutral: Price Range $7338 - $7443

Short: On a confirmed break below $7338 – Price Target $7220 | Probability: 34% | Signal Strength: 3/5

Our Stance: Neutral.

04 Sep 18 - Bitcoin Snapshot | Ecency