23 Sep 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Within estimated neutral channel for the past 56Hrs.
  • 20MA crossing 200MA to the upside (unconfirmed).
  • RSI and MACD steady.
  • Stochastic RSI positive.
  • Buying volume increasing.
  • Models still favor another possible attempt to the upside.

23 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6789 – Price Target $6986 | Probability: 37% | Signal Strength: 4/5

Neutral: Price Range $6649 - $6789

Short: On a confirmed break below $6649 – Price Target $6451 | Probability: 37% | Signal Strength: 4/5

Our Stance: Neutral to long.