18 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Ascending formation still in place.
  • 100MA resistance lowered to approx $6660.
  • 50MA support at $6319.
  • Indicators positive.
  • Average volume declining.
  • Momentum perfectly balanced.
  • Make it or break it situation.

18 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $6636 – Price Target $6836 | Probability: 34% | Signal Strength: 3/5

Neutral: Price Range $6446 - $6636

Short: On a confirmed break below $6446 – Price Target $6249 | Probability: 34% | Signal Strength: 3/5

Our Stance: Neutral.