30 Oct 18 - Bitcoin Snapshot

4H Chart - Price Key Points:

• Breakdown from approx $6394 followed by a stabilization at approx $6243.
• Average support at approx $6264.
• Overhead resistance at approx $6388.
• RSI, MACD and Stochastic RSI display positive divergences.
• Volume declining as prior to any move.
• Models suggest that a buying attempt might be possible.

Possible Scenarios:

Long: On a confirmed break above $6306 – Price Target $6486 | Probability: 42% | Signal Strength: 5/5

Neutral: Price Range $6206 - $6306

Short: On a confirmed break below $6206 – Price Target $6054 | Probability: 35% | Signal Strength: 3/5

Our Stance: Speculative long.