09 May 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- Minor positive divergences that appeared approx at $9015 and $8974, resolved accordingly.
- Current buying attempt produced a small flag approx at $9023.
- In the process of a temp bottom (not confirmed yet).
- Volume decreases.
- Indicators mixed.
- Models hint that an upward attempt might again develop as another bull flag.
Possible Scenarios (adjusted) :
Long: On a confirmed break above $9357 – Price Target $9635 | Probability: 40% | Signal Strength: 5/5
Neutral: Price Range $9203 - $9357
Short: On a confirmed break below $9203 – Price Target $8942 | Probability: 38% | Signal Strength: 4/5
Our Stance: Might consider tight longs.