29 Jul 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Consolidating for 56HRs.
  • Average support at approx $8179.
  • Indicators stabilizing.
  • Volume insignificnat.
  • Market participation attempting to absorb negative divergences.

29 Jul 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $8382 – Price Target $8649 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $8382 - $8147

Short: On a confirmed break below $7147 – Price Target $7900 | Probability: 33% | Signal Strength: 2/5

Our Stance: Neutral.

29 Jul 18 - Bitcoin Snapshot | Ecency