24 Jul 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Strong breakout at approx $7751.
  • Upward continuation at approx $8013.
  • 50MA and 100MA ascending steadily over 200MA.
  • Indicators confirm current move.
  • Volume reduced as expected.
  • Models suggest a minor pause.

24 Jul 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $8382 – Price Target $8649 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $8382 - $8147

Short: On a confirmed break below $7147 – Price Target $7900 | Probability: 33% | Signal Strength: 2/5

Our Stance: Protecting long positions.