25 Aug 18 - Bitcoin Snapshot

Words
83
Reading
1 min
Listen
Play
8y

4H Chart - Price Key Points:

  • Slight weakness at around $6724.
  • Possible bullflag (unconfirmed).
  • 100MA sloping upwards.
  • Indicators in line with price.
  • MACD with a faint positive divergence.
  • Buying volume more evident.
  • Models suggest a possible retest at <$6800.

25 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: Still interested in tight longs.

25 Aug 18 - Bitcoin Snapshot | Ecency