04 Oct 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Decent support at approx $6432.
  • Strong buying move at approx $6454.
  • 50MA and 100MA converging.
  • Indicators supportive.
  • Volume mixed.
  • Signals not clear.

04 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted):

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: Neutral.

04 Oct 18 - Bitcoin Snapshot | Ecency