20 Jun 18 - Bitcoin Snapshot

Words
70
Reading
1 min
Listen
Play
8y

4H Chart - Price Key Points:

  • Temp weakness absorbed quickly.
  • Fair support provided by 20MA and 50MA.
  • Average resistance approx at $6754.
  • Momentum improving.
  • Indicators steady.
  • Volume balanced.

20 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: Favoring longs.

20 Jun 18 - Bitcoin Snapshot | Ecency