06 Jul 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Testing estimated neutral range for 3 straight days.
- Slight downward attempts have been quickly absorbed.
- 50MA crossed 100MA upwards, temp bullish cross confirmed.
- 20MA ascending.
- 200MA overhead resistance lowered to approx $6681.
- Indicators signal a possible buying attempt.
- Volume positive.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $6782 – Price Target $7169 | Probability: 39% | Signal Strength: 4/5
Neutral: Price Range $6525 - $6782
Short: On a confirmed break below $6525 – Price Target $6184 | Probability: 35% | Signal Strength: 3/5
Our Stance: Adding speculative longs.