24 Jun 18 - Bitcoin Snapshot

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2H Chart - Price Key Points:

  • Attempting to form a base around $6150.
  • Buying attempt not confident yet.
  • 20MA provides support for the past 6HRs.
  • Indicators bottomed.
  • Signals of another possible bull flag are evident.

24 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6275 – Price Target $6441 | Probability: 30% | Signal Strength: 2/5

Neutral: Price Range $6113 - $6275

Short: On a confirmed break below $6113 – Price Target $5944 | Probability: 35% | Signal Strength: 3/5

Our Stance: Neutral to long.