18 Sep 18 - Bitcoin Snapshot

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

  • Consolidating for 24Hrs.
  • 50MA resistance at $6393.
  • Indicators upward sloping.
  • Volume mediocre.

18 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

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.