07 Sep 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Consolidating for 36Hrs.
  • 200MA resistance lowered at approx $6657.
  • RSI and MACD extending bottoming process.
  • Stochastic RSI positive.
  • Momentum fragile but signals favor a possible temp bounce.

07 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6550 – Price Target $6976 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $6247 - $6550

Short: On a confirmed break below $6247 – Price Target $5789 | Probability: 39% | Signal Strength: 4/5

Our Stance: Speculative long.

07 Sep 18 - Bitcoin Snapshot | Ecency