29 Oct 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Horizontal channel broke to the downside.
- 20MA, 50MA and 200MA point downwards.
- Indicators negative.
- Selling volume strong.
- Lowest target might get hit.
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.