16 Jul 18 - Bitcoin Snapshot

in #bitcoin • 6 years ago

4H Chart - Price Key Points:

  • Bullish breakout with a solid flagpole initiated at approx $6359.
  • Ascending over 20MA, 50MA, 100MA and 200MA.
  • Indicators positive.
  • Volume supportive.
  • Temp consolidation expected.

16 Jul 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $6779 – Price Target $6991 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $6599 - $6779

Short: On a confirmed break below $6599 – Price Target $6409 | Probability: 33% | Signal Strength: 2/5

Our Stance: Tight longs.

#steemit #trading #blockchain #crypto
6 years ago in #bitcoin by
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     6 years ago 

    the possible scenario is that the price stabilizes by the 7000, that's what many expect but the market will say what will happen, for the moment we just have to be aware and wish for the best.

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      [-]
       6 years ago 

      Technical factors support a retest of $7000. What happens next is impossible to know.

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