17 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Fair support at approx $6484.
  • 20MA with a bullish cross over 50MA (confirmed).
  • Indicators ascending.
  • Buying volume improving.
  • Further upside possible.

17 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6450 – Price Target $6629 | Probability: 37% | Signal Strength: 4/5

Neutral: Price Range $6450 - $6309

Short: On a confirmed break below $6309 – Price Target $6142 | Probability: 34% | Signal Strength: 3/5

Our Stance: Waiting to see whether price retests recent high.