10 Oct 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Pattern might be in the process of a bullish pennant formation (unconfirmed).
- Testing 200MA support for the past 20Hrs.
- 100MA descending.
- Indicators render higher lows and lower highs.
- Overall volume low
Possible Scenarios:
Long: On a confirmed break above $6558 – Price Target $6657 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $6600 - $6773
Short: On a confirmed break below $6477 – Price Target $6374 | Probability: 36% | Signal Strength: 3/5
Our Stance: Speculative long.