17 Sep 18 - Bitcoin Snapshot

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4H Chart - Price Key Points (expired/delayed snap):

  • Rejection at approx $6475.
  • Average temp support at approx $6262.
  • 50MA resistance at $6391.
  • Indicators rolled over.
  • Volume declining.
  • Signals hint that another leg down might develop.

17 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted):

Long: On a confirmed break above $6319 – Price Target $6624 | Probability: 31% | Signal Strength: 2/5

Neutral: Price Range $6096 - $6319

Short: On a confirmed break below $6096 – Price Target $5787 | Probability: 38% | Signal Strength: 4/5

Our Stance: Speculative long.