24 Sep 18 - Bitcoin Snapshot

in #bitcoin6 years ago

4H Chart - Price Key Points:

  • Temp weakness at approx $6706.
  • Downward follow through at approx $6669.
  • Indicators healthy.
  • Volume adequate.
  • Signals still favor the upside until proven otherwise.

24 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted):

Long: On a confirmed break above $6681 – Price Target $6876 | Probability: 38% | Signal Strength: 4/5

Neutral: Price Range $6553 - $6681

Short: On a confirmed break below $6553 – Price Target $6354 | Probability: 39% | Signal Strength: 4/5

Our Stance: Speculative long.

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