10 May 18 - Bitcoin Price Alert

in #bitcoin6 years ago (edited)

2H Chart - Price Key Points:

  • Every attempt to cross $9450 has been met with solid resistance.
  • Under 20MA, 50MA, 100MA.
  • Indicators signal exhaustion.
  • Volume fragile.
  • Bullish scenario is cracking.
  • Possibilities of a sub $9K retest are increasing.

10 May 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted) :

Long: On a confirmed break above $9164 – Price Target $9388 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $8980 - $9164

Short: On a confirmed break below $8980 – Price Target $8726 | Probability: 39% | Signal Strength: 4/5

Our Stance: Shifting interest to temp short positions.

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This is a very concise breakdown of the current price action... thank you for posting!

Thank you for your kind comments!

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