08 Nov 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Rejection at $6493 followed with a reversal at approx $6459.
- Under neutral channel for 8Hrs.
- 200MA support at approx $6389.
- RSI and MACD negative.
- Stochastic RSI attempting to find a bottom.
- Overall volume mixed.
Possible Scenarios (unchanged):
Long: On a confirmed break above $6535 – Price Target $6658 | Probability: 40% | Signal Strength: 5/5
Neutral: Price Range $6458 - $6535
Short: On a confirmed break below $6458 – Price Target $6351 | Probability: 35% | Signal Strength: 3/5
Our Stance: Neutral.