05 Oct 18 - Bitcoin Snapshot

in #bitcoin6 years ago

4H Chart - Price Key Points:

  • Consolidating for the past 36Hrs.
  • Temp support at approx $6524.
  • 50MA and 100MA crossed over 200MA (confirmed).
  • Indicators steady.
  • Volume balanced.

05 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6573 – Price Target $6707 | Probability: 37% | Signal Strength: 4/5

Neutral: Price Range $6480 - $6573

Short: On a confirmed break below $6480 – Price Target $6347 | Probability: 37% | Signal Strength: 4/5

Our Stance: Speculative long.

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