26 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Average temp rejection area at approx $6720.
  • 20MA, 50MA, 100MA ascending.
  • 200MA resistance at approx $6985.
  • Indicators healthy.
  • Buying volume improving.

26 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: Neutral to long.

26 Aug 18 - Bitcoin Snapshot | Ecency