27 Oct 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• 12 days in the development of a possible symmetrical triangle.
• Channels very narrow.
• 200MA resistance dropped at approx $6450.
• RSI and MACD stable.
• Stochastic RSI with a positive divergence.
• Volume has disappeared.

Possible Scenarios (unchanged):

Long: On a confirmed break above $6480 – Price Target $6714 | Probability: 40% | Signal Strength: 5/5

Neutral: Price Range $6350 - $6480

Short: On a confirmed break below $6350 – Price Target $6125 | Probability: 36% | Signal Strength: 3/5

Our Stance: Speculative long.