08 May 18 - Bitcoin Price Alert

in #bitcoin3 years ago (edited)

2H Chart - Price Key Points:

  • Small bear flags resolved.
  • Under 100MA, 50MA and 20MA resistance for approx 40HRs.
  • Average support at approx $9146.
  • Positive volume steady.
  • Indicators flat.
  • If a bottom is developing, it may soon be in place.

08 May 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $9267 – Price Target $9587 | Probability: 35% | Signal Strength: 3/5

Neutral: Price Range $9000 - $9267

Short: On a confirmed break below $9000 – Price Target $8660 | Probability: 37% | Signal Strength: 4/5

Our Stance: Neutral.

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Have a upvote my man.

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