21 Sep 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Solid upward move from approx $6493.
  • Fair resistance at approx $6745.
  • 20MA crossed 50MA and 100MA to the upside.
  • RSI with minor negative divergence.
  • Volume displays a negative divergence.
  • Momentum balanced.
  • Models hint to a pause and possible temp weakness.

21 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $6789 – Price Target $6986 | Probability: 37% | Signal Strength: 4/5

Neutral: Price Range $6649 - $6789

Short: On a confirmed break below $6649 – Price Target $6451 | Probability: 37% | Signal Strength: 4/5

Our Stance: Protecting long positions.

21 Sep 18 - Bitcoin Snapshot | Ecency