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08 Nov 18 - Bitcoin Snapshot by teslaman

View this thread on: hive.blogpeakd.comecency.com
· @teslaman ·
$3.01
08 Nov 18 - Bitcoin Snapshot
<b>4H Chart - Price Key Points:</b>

- 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.


![08 Nov 18 - BitStamp - BTCUSD.jpg](https://cdn.steemitimages.com/DQmZiaoWjsttNRzeW5tH892G7yMKcPBPJafpezKq797usq8/08%20Nov%2018%20-%20BitStamp%20-%20BTCUSD.jpg)


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

<b>Long:</b> On a confirmed break above $6535 – Price Target $6658 | Probability: 40% | Signal Strength: 5/5

<b>Neutral:</b> Price Range $6458 - $6535

<b>Short:</b> On a confirmed break below $6458 – Price Target $6351 | Probability: 35% | Signal Strength: 3/5


<b>Our Stance:</b> Neutral.
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