10 Oct 18 - Bitcoin Snapshot

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

- Pattern might be in the process of a bullish pennant formation (unconfirmed).
- Testing 200MA support for the past 20Hrs.
- 100MA descending.
- Indicators render higher lows and lower highs.
- Overall volume low


![10 Oct 18 - BitStamp - BTCUSD.jpg](https://cdn.steemitimages.com/DQmWwZPdmX6fDiCVBkxWkH8FPJouJ6dEx3eq8KB2vFRWCTF/10%20Oct%2018%20-%20BitStamp%20-%20BTCUSD.jpg)


<b>Possible Scenarios:</b>

<b>Long:</b> On a confirmed break above $6558 โ€“ Price Target $6657 | Probability: 35% | Signal Strength: 3/5

<b>Neutral:</b> Price Range $6600 - $6773

<b>Short:</b> On a confirmed break below $6477 โ€“ Price Target $6374 | Probability: 36% | Signal Strength: 3/5


<b>Our Stance:</b> Speculative long.
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