29 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Fair resistance level at approx $7080.
  • 20MA crossed over 200MA (confirmed).
  • Overall momentum positive.
  • Indicators on a minor reversal.
  • Models hint to a consolidation.

29 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $7157 – Price Target $7342 | Probability: 34% | Signal Strength: 3/5

Neutral: Price Range $6982 - $7157

Short: On a confirmed break below $6982 – Price Target $6805 | Probability: 30% | Signal Strength: 2/5

Our Stance: Neutral.

29 Aug 18 - Bitcoin Snapshot | Ecency