10 Jun 18 - Bitcoin Price Alert

2H Chart - Price Key Points:

• Massive reversal initiated at approx $7608.
• Follow through with strong waterfall at approx $7244.
• Momentum heavily negative.
• Volume confirmed downtrend.
• RSI and MACD attempting to find a base.
• Stochastic RSI renders a positive divergence.
• Further weakness might increase the possibilities of retesting the bottom from 01 April 2018.

Possible Scenarios:

Long: On a confirmed break above $6942 – Price Target $7190 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $6688 - $6942

Short: On a confirmed break below $6688 – Price Target $6419 | Probability: 35% | Signal Strength: 3/5

Our Stance: Shorts triggered (see previous post range).