30 Sep 18 - Bitcoin Snapshot

in #bitcoin6 years ago

4H Chart - Price Key Points:

  • Consolidating for the past 32Hrs.
  • 200MA pointing slightly down.
  • 20MA crossed over 50MA.
  • Indicators neutral.
  • Volume low.

30 Sep 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged):

Long: On a confirmed break above $6641 – Price Target $6801 | Probability: 33% | Signal Strength: 2/5

Neutral: Price Range $6506 - $6641

Short: On a confirmed break below $6506 – Price Target $6335 | Probability: 37% | Signal Strength: 4/5

Our Stance: Speculative short.

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Bitcoin looking ready for another leg up IMHO