07 Jun 18 - Bitcoin Price Alert

in #bitcoin • 6 years ago

2H Chart - Price Key Points:

  • Average resistance at approx $7714.
  • 20MA crossed 50MA, 100MA and 200MA to the upside (confirmed).
  • Indicators signalling a temp weakness.
  • Participation low.
  • Models suggest that momentum might still favor the upside.

07 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $7746 – Price Target $7852 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $7626 - $7746

Short: On a confirmed break below $7626 – Price Target $7520 | Probability: 30% | Signal Strength: 2/5

Our Stance: Protecting long positions.

#steemit #trading #blockchain #crypto
6 years ago in #bitcoin by
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     6 years ago 

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