24 Aug 18 - Bitcoin Snapshot

Words
66
Reading
1 min
Listen
Play
8y

4H Chart - Price Key Points:

  • Solid buying interest at approx $6525.
  • Minor ascending form.
  • 20MA and 50MA trending.
  • Indicators positive.
  • Buying volume improving.

24 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6730 – Price Target $6963 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $6522 - $6730

Short: On a confirmed break below $6522 – Price Target $6308 | Probability: 33% | Signal Strength: 2/5

Our Stance: Tight longs.