16 Jun 18 - Bitcoin Price Alert

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4H Chart - Price Key Points:

  • Short term double bottom test at approx $6370 with a lower retest at approx $6333.
  • Within estimated range for the past 12HRs.
  • Momentum improving.
  • Volume low.
  • Indicators signal a possible buying attempt.

16 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6580 – Price Target $6803 | Probability: 34% | Signal Strength: 5/5

Neutral: Price Range $6422 - $6580

Short: On a confirmed break below $6422 – Price Target $6156 | Probability: 41% | Signal Strength: 3/5

Our Stance: Speculative longs.