08 Nov 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Rejection at $6493 followed with a reversal at approx $6459.
• Under neutral channel for 8Hrs.
• 200MA support at approx $6389.
• RSI and MACD negative.
• Stochastic RSI attempting to find a bottom.
• Overall volume mixed.

Possible Scenarios (unchanged):

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: Neutral.