21 Oct 18 - Bitcoin Snapshot

in bitcoin •  6 years ago 

4H Chart - Price Key Points:

  • Over 100MA support.
  • Testing 200MA resistance.
  • 50MA sloping upwards.
  • Indicators positive.
  • Buying volume low but evident.

21 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6480 – Price Target $6714 | Probability: 40% | Signal Strength: 5/5

Neutral: Price Range $6350 - $6480

Short: On a confirmed break below $6350 – Price Target $6125 | Probability: 36% | Signal Strength: 3/5

Our Stance: Neutral to speculative long.

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