12 Jul 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• 20MA crossed under 50MA and 200MA.
• Riding downwards the 20MA lower bollinger band.
• Fair support at approx $6047.
• 100MA resistance at approx $6404.
• Indicators still attempting to find a bottom.
• Stockastic RSI with a positive divergence.
• Positive volume low.
• Temp weakness might persist.

Possible Scenarios (adjusted) :

Long: On a confirmed break above $6271 – Price Target $6513 | Probability: 35% | Signal Strength: 3/5

Neutral: Price Range $6085 - $6271

Short: On a confirmed break below $6085 – Price Target $5823 | Probability: 38% | Signal Strength: 4/5

Our Stance: Careful with shorts.