06 Jun 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- Sideways movement within estimated range for the past 6HRs.
- Above 200MA resistance for the past 4HRs.
- 20MA near crossing both 50MA and 200MA to the upside (unconfirmed)
- Indicators neutral.
- Volume adequate.
- Models hint to a possibility of a buying signal.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $7664 – Price Target $7811 | Probability: 38% | Signal Strength: 4/5
Neutral: Price Range $7558 - $7664
Short: On a confirmed break below $7558 – Price Target $7419 | Probability: 32% | Signal Strength: 2/5
Our Stance: Tight longs still in place.