11 Jun 18 - Bitcoin Price Alert

in #bitcoin6 years ago

2H Chart - Price Key Points:

  • Prolonged consolidation for 30HRs.
  • Volume rapidly diminishing once again.
  • Indicators attempting to find a footing.
  • Temp support at approx $6757.
  • 20MA bollinger bands reducing gap.
  • Models suggest that a possible bottoming process might be developing.

11 Jun 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6942 – Price Target $7190 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $6688 - $6942

Short: On a confirmed break below $6688 – Price Target $6419 | Probability: 35% | Signal Strength: 3/5

Our Stance: Out of shorts.

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