01 Oct 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • In the process of forming a possible bullish pennant since the 27th of September (unconfirmed).
  • Negative signals temp off.
  • Within estimated horizontal range for the past 64Hrs.
  • 20MA, 50MA, 100MA and 200MA converging.
  • Indicators steady.
  • Volume declining.

01 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6641 – Price Target $6801 | Probability: 33% | Signal Strength: 2/5

Neutral: Price Range $6506 - $6641

Short: On a confirmed break below $6506 – Price Target $6335 | Probability: 37% | Signal Strength: 4/5

Our Stance: Long.

01 Oct 18 - Bitcoin Snapshot | Ecency