14 Oct 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • 20MA bollinger bands extremely narrow.
  • Temp resistance at approx $6245.
  • Temp support at approx $6190.
  • 100MA under 200MA resistance.
  • Indicators slightly negative.
  • Selling volume a bit evident.

14 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6285 – Price Target $6493 | Probability: 34% | Signal Strength: 3/5

Neutral: Price Range $6101 - $6285

Short: On a confirmed break below $6101 – Price Target $5877 | Probability: 38% | Signal Strength: 5/5

Our Stance: Neutral.