27 May 18 - Bitcoin Price Alert

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4H Chart - Price Key Points:

  • 20MA resistance tested and held for 20HRs.
  • Failure at approx $7522.
  • Temp support at approx $7303.
  • Momentum weak.
  • Indicators hint to a possible retest lower.

27 May 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $7443 – Price Target $7614 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $7291 - $7443

Short: On a confirmed break below $7291 – Price Target $7080 | Probability: 40% | Signal Strength: 5/5

Our Stance: Neutral to short.