03 Oct 18 - Bitcoin Snapshot

in bitcoin •  17 days ago

4H Chart - Price Key Points:

  • Temp resistance at approx $6530.
  • Negative follow through at approx $6500.
  • Indicators weak.
  • Volume balanced.
  • Models suggest another possible leg down.

03 Oct 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (adjusted):

Long: On a confirmed break above $6506 – Price Target $6637 | Probability: 34% | Signal Strength: 3/5

Neutral: Price Range $6408 - $6506

Short: On a confirmed break below $6408 – Price Target $6252 | Probability: 41% | Signal Strength: 5/5

Our Stance: Speculative short.

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