29 Mar 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- Double breakdown from the short term horizontal channel.
- Downwards continuation move pushed price near the upper range of the "medium term" descending channel.
- Critical support rests @ approx $6769.
- A final blow to scare the children could be in play.
- Until further indications, our models hint that current move might be carefully orchestrated.
Possible Scenarios:
Long: On a confirmed break above $7342 – Price Target $7733 | Probability: 41% | Signal Strength: 5/5
Neutral: Price Range $7342 - $7046
Short: On a confirmed break below $7046 – Price Target $6785 | Probability: 29% | Signal Strength: 1/5
Our Stance: Will consider longs on valid retests.
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