13 May 18 - Bitcoin Price Alert
4H Chart - Price Key Points:
- Bullish attempt from approx $8447 developed as expected (see previous post).
- 200MA acting as resistance approx at $8763.
- Current momentum supports buying attempt.
- Positive volume solid for the past 20HRs.
- Stochastic RSI a bit overextended.
- Models hint to a retest of upper resistance.
Possible Scenarios (unchanged) :
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: Protecting long positions.