13 Sep 18 - Bitcoin Snapshot

in #bitcoin7 years ago (edited)

4H Chart - Price Key Points:

  • Start of the recent ascending move at approx $6236.
  • Upward continuation at approx $6381.
  • 20MA might be ready to cross 50MA to the upside
  • Indicators positive.
  • Volume mixed.
  • Signals suggest further upside (increased possibility).

13 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6550 – Price Target $6976 | Probability: 32% | Signal Strength: 2/5

Neutral: Price Range $6247 - $6550

Short: On a confirmed break below $6247 – Price Target $5789 | Probability: 39% | Signal Strength: 4/5

Our Stance: Long.