20 Sep 18 - Bitcoin Snapshot

in #bitcoin6 years ago (edited)

4H Chart - Price Key Points:

  • Swings still evident.
  • Fair support at approx $6430.
  • Pattern might develop into a bear flag (unconfirmed).
  • 200MA resistance at approx $6622
  • RSI and MACD positive
  • Stochastic RSI overexteded
  • Volume improving.

20 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $6516 – Price Target $6787 | Probability: 39% | Signal Strength: 4/5

Neutral: Price Range $6360 - $6516

Short: On a confirmed break below $6360 – Price Target $6095 | Probability: 32% | Signal Strength: 2/5

Our Stance: Cautious long approach.

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