12 Jun 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- Recent rejection at approx $6728.
- Temp support at approx $6513.
- 20MA, 50MA, 100MA, 200MA sloping downwards.
- Indicators weak.
- Momentum balanced.
- Currently every buying attempt has been short lived.
Possible Scenarios:
Long: On a confirmed break above $6669 – Price Target $6922 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $6491 - $6669
Short: On a confirmed break below $6491 – Price Target $6236 | Probability: 39% | Signal Strength: 4/5
Our Stance: Might consider re-entering tight shorts.