11 Sep 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Within range but downward sloping channel.
- 50MA crossed under 100MA.
- 20MA, 100MA, 200MA flat.
- Indicators with slight positive signals.
- Volume mixed.
- Possibility of extended range movement.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $6550 – Price Target $6976 | Probability: 32% | Signal Strength: 2/5
Neutral: Price Range $6247 - $6550
Short: On a confirmed break below $6247 – Price Target $5789 | Probability: 39% | Signal Strength: 4/5
Our Stance: Neutral.