11 Apr 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- Recent formation since the 9th of April resembles to a bear flag.
- Within the specified "neutral range" for the past 60HRs.
- Above 20MA support for the past 32HRs.
- Above 50MA support for the past 12HRs.
- Momentum seems numb as bulls continue to waste valuable time.
- Volume hints that the next move is very near.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $6947 – Price Target $7215 | Probability: 36% | Signal Strength: 3/5
Neutral: Price Range $6709 - $6947
Short: On a confirmed break below $6709 – Price Target $6470 | Probability: 32% | Signal Strength: 2/5
Our Stance: A failure at this exact point might have severe consequences.