09 Jun 18 - Bitcoin Price Alert

in #bitcoin6 years ago (edited)

2H Chart - Price Key Points:

  • Action since 06.06.18 resembles to a possible pennant formation.
  • Testing 100MA support for the past 12HRs.
  • Momentum balanced.
  • Indicators stable.
  • Models suggest that the next move might be getting closer.

09 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $7643 – Price Target $7743 | Probability: 38% | Signal Strength: 4/5

Neutral: Price Range $7573 - $7643

Short: On a confirmed break below $7573 – Price Target $7478 | Probability: 36% | Signal Strength: 3/5

Our Stance: Tight speculative positions.

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