21 Jun 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Testing 20MA support for the past 16HRs.
  • 100MA resistance converging.
  • Momentum is losing steam.
  • Indicators with minimal positive signals.
  • Volume reduced.
  • Bulls need to step up.

21 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: Neutral.

21 Jun 18 - Bitcoin Snapshot | Ecency