09 Nov 18 - Bitcoin Snapshot
4H Chart - Price Key Points:
- Selling pressure at approx $6401.
- Breached 50MA, 100MA and 200MA support.
- Indicators weak.
- Selling volume increasing.
- Signals point to another possible leg downwards.
Possible Scenarios:
Long: On a confirmed break above $6413 – Price Target $6522 | Probability: 36% | Signal Strength: 3/5
Neutral: Price Range $6340 - $6413
Short: On a confirmed break below $6340 – Price Target $6230 | Probability: 39% | Signal Strength: 4/5
Our Stance: Speculative short.