05 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Average support at approx $6966.
  • 20MA declining resistance at $7259.
  • 200MA resistance at $7190.
  • Indicators still attempting to signal a sufficient temp bottom.
  • Volume balanced.

05 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $7086 – Price Target $7269 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $7086 - $6925

Short: On a confirmed break below $6925 – Price Target $6759 | Probability: 31% | Signal Strength: 2/5

Our Stance: Neutral.

05 Aug 18 - Bitcoin Snapshot | Ecency