11 Jul 18 - Bitcoin Snapshot

Words
80
Reading
1 min
Listen
Play
8y

4H Chart - Price Key Points:

  • 20MA and 50MA might roll over.
  • Average support at approx $6327.
  • Indicators attempting in a possible bottoming process.
  • Stockastic RSI still positive.
  • Volume balanced.
  • Models hint to a sharp lower retest.

11 Jul 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6452 – Price Target $6762 | Probability: 39% | Signal Strength: 4/5

Neutral: Price Range $6266 - $6452

Short: On a confirmed break below $6266 – Price Target $5976 | Probability: 37% | Signal Strength: 3/5

Our Stance: Neutral to short.