11 Aug 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Adequate overhead resistance approx at $6428.
- Rejection at approx $6404.
- Average support at approx $6124.
- Indicators with a new set of positive divergences.
- Volume faint.
- Models hint that a new move is getting near.
Possible Scenarios:
Long: On a confirmed break above $6179 – Price Target $6329 | Probability: 30% | Signal Strength: 2/5
Neutral: Price Range $5870 - $6050
Short: On a confirmed break below $6050 – Price Target $5870 | Probability: 41% | Signal Strength: 4/5
Our Stance: Neutral to speculative long.