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05 Sep 18 - Bitcoin Snapshot by teslaman

View this thread on: hive.blogpeakd.comecency.com
· @teslaman ·
$3.26
05 Sep 18 - Bitcoin Snapshot
<b>4H Chart - Price Key Points:</b>

- Strong rejection at approx $7373.
- Lower 200MA support at approx $6700.
- Indicators negative.
- Selling volume evident.
- Momentum lost.
- Models hint to a temp retest of the recent lows.


![05 Sep 18 - BitStamp - BTCUSD.jpg](https://cdn.steemitimages.com/DQmdNwuyXokhLqWfuBwvspBeN5DSfXJPyAYnLsaCrLUFvyE/05%20Sep%2018%20-%20BitStamp%20-%20BTCUSD.jpg)


<b>Possible Scenarios:</b>

<b>Long:</b> On a confirmed break above $7014 – Price Target $7171 | Probability: 31% | Signal Strength: 2/5

<b>Neutral:</b> Price Range $6856 - $7014

<b>Short:</b> On a confirmed break below $6856 – Price Target $6703 | Probability: 36% | Signal Strength: 3/5


<b>Our Stance:</b> Neutral to short.
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