31 Mar 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- For the past 16 hours a bearish pennant has been developing.
- Buying attempt did not fully materialize as it failed @ approx $7231.
- Upward momentum is waning.
- MACD signals to a possible reversal.
- Following 2 hours might prove to be critical in determining the next short term move/direction.
Possible Scenarios:
Long: On a confirmed break above $7136 – Price Target $7387 | Probability: 32% | Signal Strength: 2/5
Neutral: Price Range $6869 - $7136
Short: On a confirmed break below $6869 – Price Target $6595 | Probability: 35% | Signal Strength: 3/5
Our Stance: Long exposure shall be minimized. Expecting to short on a breach.