01 Oct 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- In the process of forming a possible bullish pennant since the 27th of September (unconfirmed).
- Negative signals temp off.
- Within estimated horizontal range for the past 64Hrs.
- 20MA, 50MA, 100MA and 200MA converging.
- Indicators steady.
- Volume declining.
Possible Scenarios (unchanged):
Long: On a confirmed break above $6641 – Price Target $6801 | Probability: 33% | Signal Strength: 2/5
Neutral: Price Range $6506 - $6641
Short: On a confirmed break below $6506 – Price Target $6335 | Probability: 37% | Signal Strength: 4/5
Our Stance: Long.