30 Oct 18 - Bitcoin Snapshot

in bitcoin •  6 years ago  (edited)

4H Chart - Price Key Points:

  • Breakdown from approx $6394 followed by a stabilization at approx $6243.
  • Average support at approx $6264.
  • Overhead resistance at approx $6388.
  • RSI, MACD and Stochastic RSI display positive divergences.
  • Volume declining as prior to any move.
  • Models suggest that a buying attempt might be possible.

30 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $6306 – Price Target $6486 | Probability: 42% | Signal Strength: 5/5

Neutral: Price Range $6206 - $6306

Short: On a confirmed break below $6206 – Price Target $6054 | Probability: 35% | Signal Strength: 3/5

Our Stance: Speculative long.

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