19 Jun 18 - Bitcoin Snapshot

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2H Chart - Price Key Points:

  • Within estimated consolidation range for the past 28HRs.
  • Still over 20MA, 50MA, 100MA.
  • Volume low and balanced.
  • Momentum mixed.
  • Indicators mixed.
  • MACD signals to a possible temp weakness.

19 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6825 – Price Target $7076 | Probability: 38% | Signal Strength: 4/5

Neutral: Price Range $6677 - $6825

Short: On a confirmed break below $6677 – Price Target $6414 | Probability: 40% | Signal Strength: 5/5

Our Stance: Maintain neutral to long approach.