29 Jun 18 - Bitcoin Snapshot

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2H Chart - Price Key Points:

  • Average support at approx $5871.
  • Temp overhead resistance at approx $5949.
  • Inside 200MA lower Bollinger Band.
  • Indicators slightly positive.
  • Volume balanced.
  • Momentum signals to a possible "small" buying attempt.

29 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $5982 – Price Target $6150 | Probability: 31% | Signal Strength: 2/5

Neutral: Price Range $5817 - $5982

Short: On a confirmed break below $5817 – Price Target $5626 | Probability: 37% | Signal Strength: 4/5

Our Stance: Few speculative longs.