09 Nov 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Selling pressure at approx $6401.
• Breached 50MA, 100MA and 200MA support.
• Indicators weak.
• Selling volume increasing.
• Signals point to another possible leg downwards.

Possible Scenarios:

Long: On a confirmed break above $6413 – Price Target $6522 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $6340 - $6413

Short: On a confirmed break below $6340 – Price Target $6230 | Probability: 39% | Signal Strength: 4/5

Our Stance: Speculative short.