21 Jul 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Within estimated range for the past 96HRs.
- 20MA bollinger bands on a very narrow channel.
- 50MA, 100MA and 200MA shifting upwards.
- Indicators stabilizing.
- Volume low.
- More consolidation expected.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $7609 – Price Target $7888 | Probability: 33% | Signal Strength: 2/5
Neutral: Price Range $7354 - $7609
Short: On a confirmed break below $7354 – Price Target $7048 | Probability: 37% | Signal Strength: 3/5
Our Stance: Neutral.
With yesterdays candle stick showing negative cloud coverage on the previos few days trading I'd say this tech analysis is correct: https://steemit.com/cryptocurrency/@moocharoo/bitcoin-is-heading-back-up-again-or-is-it
Bitcoin is highly likely to go down a bit further yet... :-)
Dude find other ways to promote your analysis.
@teslaman you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!