10 Jul 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Bulls failed to take advantage of the market.
• Rejection at approx $6725 with a minor waterfall continuation.
• 20MA and 50MA still above 200MA.
• Indicators attempting to find a temp bottom.
• Stockastic RSI paints a positive divergence.
• Negative volume increased a bit.

Possible Scenarios:

Long: On a confirmed break above $6452 – Price Target $6762 | Probability: 39% | Signal Strength: 4/5

Neutral: Price Range $6266 - $6452

Short: On a confirmed break below $6266 – Price Target $5976 | Probability: 37% | Signal Strength: 3/5

Our Stance: Neutral.