29 Oct 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Horizontal channel broke to the downside.
• 20MA, 50MA and 200MA point downwards.
• Indicators negative.
• Selling volume strong.
• Lowest target might get hit.

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: Neutral.