28 Oct 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• 2 weeks without any significant direction.
• Symmetrical triangle intact.
• 20MA, 50MA and 100MA Bollinger bands extremely narrow.
• 200MA resistance at approx $6447.
• Indicators attempting to set a bottom.
• Models suggest that the next major move is getting near.

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.