28 Oct 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- 2 weeks without any significant direction.
- Symmetrical triangle intact.
- 20MA, 50MA and 100MA Bollinger bands extremely narrow.
- 200MA resistance at approx $6447.
- Indicators attempting to set a bottom.
- Models suggest that the next major move is getting near.
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: Speculative long.
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