18 Oct 18 - Bitcoin Snapshot

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ยท@teslamanยท
0.000 HBD
18 Oct 18 - Bitcoin Snapshot
<b>4H Chart - Price Key Points:</b>

- 20MA Bollinger bands extremely narrow.
- 200MA resistance at approx $6480.
- RSI and MACD slightly negative.
- Stochastic RSI extending to a possible bottoming process.
- Models suggest a bit more consolidation.


![18 Oct 18 - BitStamp - BTCUSD.jpg](https://cdn.steemitimages.com/DQmbEy7oQcZZpsCDPnRKLHqc8Bt49UjPE3RgTgbFUmqV5nS/18%20Oct%2018%20-%20BitStamp%20-%20BTCUSD.jpg)


<b>Possible Scenarios (unchanged):</b>

<b>Long:</b> On a confirmed break above $6480 โ€“ Price Target $6714 | Probability: 40% | Signal Strength: 5/5

<b>Neutral:</b> Price Range $6350 - $6480

<b>Short:</b> On a confirmed break below $6350 โ€“ Price Target $6125 | Probability: 36% | Signal Strength: 3/5


<b>Our Stance:</b> Neutral to very tight speculative long.
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