26 Oct 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Process of developing a possible symmetrical triangle formation intact (unconfirmed).
• Prolonged and very narrow movement.
• All MAs converging.
• 200MA resistance lower at approx $6458.
• Indicators signal low participation.
• Volume insignificant.

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.