12 May 18 - Bitcoin Price Alert

in #bitcoin • 6 years ago (edited)

4H Chart - Price Key Points:

  • Past 20HRs formation resembles to a possible bearish pennant (not confirmed).
  • Support at approx $8300 has been tested repeatedly and proven adequate as of yet.
  • Momentum remains fragile.
  • Indicators attempting to find a temp bottom.
  • Models hint to a possible minor bullish attempt.

12 May 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $8598 – Price Target $8982 | Probability: 37% | Signal Strength: 4/5

Neutral: Price Range $8355 - $8598

Short: On a confirmed break below $8355 – Price Target $7943 | Probability: 40% | Signal Strength: 5/5

Our Stance: Considering tight speculative longs.

#steemit #trading #blockchain #crypto
6 years ago in #bitcoin by
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     6 years ago 

    Hello! I followed you, I hope you will follow me. We will develop together! ;)

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