15 May 18 - Bitcoin Price Alert

in bitcoin •  7 years ago 

2H Chart - Price Key Points:

  • Minor reversal from approx $8759.
  • Under 20MA (resistance).
  • Consolidating for the past 6HRs.
  • Indicators maintain ascent.
  • MACD displays slight weakness.
  • Negative volume decreasing since 11th of May.

15 May 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $8596 – Price Target $8855 | Probability: 35% | Signal Strength: 3/5

Neutral: Price Range $8400 - $8596

Short: On a confirmed break below $8400 – Price Target $8125 | Probability: 38% | Signal Strength: 4/5

Our Stance: Neutral.

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