07 Oct 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • 200MA support lowered at approx $6515.
  • 20MA over 50MA.
  • RSI stable.
  • MACD with a slight negative signal.
  • Stochastic attempting to set a bottom.

07 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: Tight speculative long.

07 Oct 18 - Bitcoin Snapshot | Ecency