16 Sep 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Testing 50MA support at approx $6374.
• 20MA sloping upwards.
• Average resistance at approx $6520.
• Indicators attempting to stabilize.
• Volume insignificant.
• Models suggest that yesterdays weakness has been possibly absorbed.

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: Speculative long.