07 Jul 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Recent action resembles to a possible bullish pennant formation.
• Any possible failure might provide flash drops lower.
• 200MA overhead resistance declining to approx $6647.
• Indicators balanced
• Volume steady.
• A decision for the next move is getting near.

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: Speculative longs.