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02 Sep 18 - Bitcoin Snapshot by teslaman

View this thread on: hive.blogpeakd.comecency.com
· @teslaman ·
$3.61
02 Sep 18 - Bitcoin Snapshot
<b>4H Chart - Price Key Points:</b>

- 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](https://cdn.steemitimages.com/DQmX7Ye4myo7sdAPB83EjParhWdByx5kLsMD8NwY5Lvd9LG/02%20Sep%2018%20-%20BitStamp%20-%20BTCUSD.jpg)


<b>Possible Scenarios (unchanged) :</b>

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

<b>Neutral:</b> Price Range $7160 - $7287

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


<b>Our Stance:</b> Speculative shorts.
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