12 Aug 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Temp reversal area at approx $6397.
- Fair temp support at approx $6240.
- Momentum balanced.
- Indicators with positive.
- Volume reduced again after the small bullish breakout.
- Signals suggest that another final test of the recent lows might be possible.
Possible Scenarios:
Long: On a confirmed break above $6392 – Price Target $6570 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $6237 - $6392
Short: On a confirmed break below $6237 – Price Target $6058 | Probability: 35% | Signal Strength: 3/5
Our Stance: Neutral.