22 Jul 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Indecision evident.
  • RSI and MACD with negative divergences.
  • Momentum mixed
  • Negative volume ticking up.
  • Following hours might prove crucial.

22 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: Neutral.

22 Jul 18 - Bitcoin Snapshot | Ecency