11 Oct 18 - Bitcoin Snapshot

in #bitcoin6 years ago

4H Chart - Price Key Points:

  • Waterfall breakdown at approx $6517.
  • Average temp base at approx $6195.
  • Indicators reversed sharply.
  • Volume negative.
  • Momentum broken.

11 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $6285 – Price Target $6493 | Probability: 34% | Signal Strength: 3/5

Neutral: Price Range $6101 - $6285

Short: On a confirmed break below $6101 – Price Target $5877 | Probability: 38% | Signal Strength: 5/5

Our Stance: Neutral.

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