13 Oct 18 - Bitcoin Snapshot

in bitcoin •  6 years ago  (edited)

4H Chart - Price Key Points:

  • In neutral range for the past 56Hrs.
  • 20MA bollinger bands closing the gap.
  • 200MA resistance at approx $6480.
  • RSI with a slight positive divergence.
  • MACD still negative.
  • Stochastic a bit extended.
  • Models suggest that a minor buying attempt might be possible.

13 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6285 – Price Target $6493 | Probability: 34% | Signal Strength: 3/5

Neutral: Price Range $6101 - $6285

Short: On a confirmed break below $6101 – Price Target $5877 | Probability: 38% | Signal Strength: 5/5

Our Stance: Tight speculative longs.

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very good