02 Sep 18 - Bitcoin Snapshot

in #bitcoin8 years ago

4H Chart - Price Key Points:

  • Consolidating for the past 24HRs.
  • Average support at approx $7204.
  • 100MA almost ready to converge with 200MA (unconfirmed).
  • Indicators healthy.
  • Models signal a possible minor reversal.

02 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $7287 – Price Target $7449 | Probability: 37% | Signal Strength: 4/5

Neutral: Price Range $7160 - $7287

Short: On a confirmed break below $7160 – Price Target $6996 | Probability: 37% | Signal Strength: 4/5

Our Stance: Speculative shorts.