10 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Double rejection at approx $6544.
  • 20MA resistance at $6566.
  • Indicators mixed.
  • Volume slightly balanced.
  • Indecision is evident.

10 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6584 – Price Target $6804 | Probability: 30% | Signal Strength: 2/5

Neutral: Price Range $6370 - $6584

Short: On a confirmed break below $6370 – Price Target $6064 | Probability: 41% | Signal Strength: 4/5

Our Stance: Neutral.

10 Aug 18 - Bitcoin Snapshot | Ecency