14 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Downward reversal at approx at $6252.
  • Double support at $5991.
  • Indicators maintain positive divergences since 08/08/18.
  • Volume fragile.
  • Although negativity is evident, potential for a minor buying attempt remains.

14 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $6170 – Price Target $6237 | Probability: 35% | Signal Strength: 3/5

Neutral: Price Range $6002 - $6170

Short: On a confirmed break below $6002 – Price Target $5834 | Probability: 35% | Signal Strength: 3/5

Our Stance: Neutral to long.