20 Jul 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • In the same range for the past 64HRs.
  • Current attempts to break above estimated resistance have been rejected.
  • RSI and MACD taking a breather paint a possible minor negative divergence
  • Stochastic RSI positive.
  • Volume balanced.
  • Models hint to a temp reversal.

20 Jul 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $7609 – Price Target $7888 | Probability: 33% | Signal Strength: 2/5

Neutral: Price Range $7354 - $7609

Short: On a confirmed break below $7354 – Price Target $7048 | Probability: 37% | Signal Strength: 3/5

Our Stance: Might consider speculative shorts.

20 Jul 18 - Bitcoin Snapshot | Ecency