22 Oct 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Current pattern resembles to a possible symmetrical triangle (unconfirmed).
- 20MA over 100MA.
- 50MA ready to cross 100MA to the upside.
- Indicators slightly weak.
- Average volume very low.
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.
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