07 May 18 - Bitcoin Price Alert
4H Chart - Price Key Points:
- Testing 50MA support for the past 4HRs.
- 100MA provided adequate support for the past 20HRs.
- Temp resistance at approx $9621.
- Volume improving.
- Indicators attempting to stabilize.
- Overall momentum balanced.
- Models hint that current retrace might soon come to an end.
Possible Scenarios:
Long: On a confirmed break above $9467 – Price Target $9738 | Probability: 36% | Signal Strength: 3/5
Neutral: Price Range $9229 - $9467
Short: On a confirmed break below $9229 – Price Target $8969 | Probability: 31% | Signal Strength: 2/5
Our Stance: Careful on any potential short positions.