31 Oct 18 - Bitcoin Snapshot

in bitcoin •  6 years ago 

4H Chart - Price Key Points:

  • Adequate buying attempt at approx $6267.
  • Minor resistance at approx $6330.
  • RSI, MACD and Stochastic RSI positive.
  • Selling volume < Buying volume

31 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

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: Maintain speculative long approach.

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