26 Oct 18 - Bitcoin Snapshot

in bitcoin •  6 years ago 

4H Chart - Price Key Points:

  • Process of developing a possible symmetrical triangle formation intact (unconfirmed).
  • Prolonged and very narrow movement.
  • All MAs converging.
  • 200MA resistance lower at approx $6458.
  • Indicators signal low participation.
  • Volume insignificant.

26 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.

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