03 - 07 Nov 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• 03/11/18: 36Hrs consolidation.

• 04/11/18: Bullish breakout from $6341 formed a flagpole and a well structured bull flag.

• 05/11/18: Minor rejection at approx $6412 with average support set at $6378.

• 06/11/18: 200MA provided the required support for a buying attempt at approx $6398.

• 07/11/18: Bullish continuation at approx $6448.

• RSI developing a slight negative divergence.

• MACD and Stochastic RSI bullish.

• Buying volume supportive.

Possible Scenarios:

Long: On a confirmed break above $6535 – Price Target $6658 | Probability: 40% | Signal Strength: 5/5

Neutral: Price Range $6458 - $6535

Short: On a confirmed break below $6458 – Price Target $6351 | Probability: 35% | Signal Strength: 3/5

Our Stance: Protecting long positions.