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08 Jul 18 - Bitcoin Snapshot by teslaman

View this thread on: hive.blogpeakd.comecency.com
· @teslaman ·
$0.14
08 Jul 18 - Bitcoin Snapshot
<b>4H Chart - Price Key Points:</b>

- Bullish pennant formation confirmed.
- Nice bullish breakout at approx $6542.
- 20MA attempting to cross 200MA to the upside (bullish signal unconfirmed).
- Indicators positive.
- Volume balanced.
- Possibilities for another buying attempt increase.


![08 Jul 18 - BitStamp - BTCUSD.jpg](https://cdn.steemitimages.com/DQmNwcfHBgF1eX5EMiThLMgWfHN8es2b26EewNDymGgXxe4/08%20Jul%2018%20-%20BitStamp%20-%20BTCUSD.jpg)


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

<b>Long:</b> On a confirmed break above $6782 – Price Target $7169 | Probability: 39% | Signal Strength: 4/5

<b>Neutral:</b> Price Range $6525 - $6782

<b>Short:</b> On a confirmed break below $6525 – Price Target $6184 | Probability: 35% | Signal Strength: 3/5


<b>Our Stance:</b> Long.
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