15 Jul 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Triple overhead resistance at 50MA, 100MA and 200MA.
  • Average resistance level at approx $6423 (fair value).
  • RSI and MACD ascending.
  • Stochastic overextended.
  • Volume steady.
  • Models hint that a possible break above estimated resistance might produce a strong rally.

15 Jul 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $6472 – Price Target $6715 | Probability: 37% | Signal Strength: 4/5

Neutral: Price Range $6283 - $6472

Short: On a confirmed break below $6283 – Price Target $6019 | Probability: 32% | Signal Strength: 2/5

Our Stance: Tight longs.

15 Jul 18 - Bitcoin Snapshot | Ecency