14 Oct 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- 20MA bollinger bands extremely narrow.
- Temp resistance at approx $6245.
- Temp support at approx $6190.
- 100MA under 200MA resistance.
- Indicators slightly negative.
- Selling volume a bit evident.
Possible Scenarios (unchanged):
Long: On a confirmed break above $6285 – Price Target $6493 | Probability: 34% | Signal Strength: 3/5
Neutral: Price Range $6101 - $6285
Short: On a confirmed break below $6101 – Price Target $5877 | Probability: 38% | Signal Strength: 5/5
Our Stance: Neutral.
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