12 Jul 18 - Bitcoin Snapshot

in #bitcoin • 6 years ago

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.

12 Jul 18 - BitStamp - BTCUSD.jpg

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.

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

    Hello @teslaman are sure Bitcoin price down at $5823?

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       6 years ago  

      If $6085 doesn't hold possibilities will increase.

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