15 Sep 18 - Bitcoin Snapshot

in bitcoin •  6 years ago 

4H Chart - Price Key Points:

  • Consolidating for the past 24Hrs.
  • 20MA ascending.
  • 50MA, 200MA flat.
  • Indicators paint minor negative divergences.
  • Volume disappeared.
  • Recent moves signal possible temp weakness.

15 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6550 – Price Target $6976 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $6247 - $6550

Short: On a confirmed break below $6247 – Price Target $5789 | Probability: 39% | Signal Strength: 4/5

Our Stance: Speculative short.

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