08 Oct 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Minor bullish breakout from approx $6546.
  • Follow through at approx $6588.
  • 20MA over 100MA.
  • Indicators positive.
  • Volume supportive.
  • Models hint to a temp pause.

08 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $6670 – Price Target $6773 | Probability: 38% | Signal Strength: 4/5

Neutral: Price Range $6600 - $6773

Short: On a confirmed break below $6600 – Price Target $6500 | Probability: 34% | Signal Strength: 3/5

Our Stance: Protecting longs.

08 Oct 18 - Bitcoin Snapshot | Ecency