23 Oct 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Formation maintains a possible symmetrical triangle (unconfirmed).
• 20MA, 50MA and 100MA converging.
• RSI and MACD looking for a bottom.
• Stochastic RSI with a possible positive divergence.
• Average volume remains low.
• Models suggest possibilities of a minor buying attempt.

Possible Scenarios (unchanged):

Long: On a confirmed break above $6480 – Price Target $6714 | Probability: 40% | Signal Strength: 5/5

Neutral: Price Range $6350 - $6480

Short: On a confirmed break below $6350 – Price Target $6125 | Probability: 36% | Signal Strength: 3/5

Our Stance: Neutral to speculative long.