Regular daily update on BTC ta analysts opinions.

**My summary - short-term sentiment: slightly bearish ** (last: bearish)

• Breakout came to a halt. Still a pull back is on the table to retest the hands of those who bought up in the run.

• If we break 10'000 there is probably a run up to 11'250.

• April was good month for crypto. June is usually also a good month - not as good as April though. Lets see.
  

News about the blog

• I need to revise my 2018 long term table. I need to add a 2018 and 2019 target an be more precise on the sentiment here. Will do that after I am back in Switzerland.

• We lunched the bounty project beta. If you are interested and you like to create a bounty on your own have a look at this post

Analysts key statements:

Tone:

• Weekly: Looks more and more bullish and Tone refuses to believe it. He needs to be proven otherwise by breaking 12'000 resistance.
• Daily: If we break 10'000 - retest of 50 MA would be good to be sure that people who bought in the run up are strong hands not panik easily.

@haejin:

Bitcoin broke out of triangle and completed fractal for the third time.

He expects the waves play out as follows. Target of wave 3 is 11'250.

@ew-and-patterns:

Bitcoin is moving down as expected. The following two pathways will apply:
A:

B:

@lordoftruth:

Double top around 9.875K on H4 support his pull back scenario towards 8'357 ( Early May ) area to build our Inverted Head & Shoulders Pattern before the continuation of the bull trend towards 12'400 ( Early June ) and only clear break or close above 9'911 will cancel our scenario.
Todays trend is slightly bearish. Expected trading for today is between 8'643 and 9'875.

@philakonesteemit:

Bearish view:

Bullish:

Important to watch break above 9'779 could signal rally towards 11'500. Bounce of short term uptrend at around 9'100 invalidates bearish view.

@passion-ground:

It is rather important for me to note that the largest “secular trend” (monthly chart) is turning bearish against a backdrop of the long-term (daily and weekly charts) turning bullish. The battle is on, and a victor is far from being decided at this juncture.

Summary of targets/support/resistance

Reference table

analyst	latest content date	link to content for details
Tone Vays	03. May	here
@haejin	04. May	here
@ew-and-patterns	01. May	here
@lordoftruth	04. May	here
@philakonesteemit	04. May	here
@passion-ground	02. May	here

Definition

• light blue highlighted = all content that changed since last update.
• sentiment = how in general the analysts see the current situation (bearish = lower prices more likely / bullish = higher prices more likely)
• target = the next (short term) price target an analysts mentions. This might be next day or in a few days. It might be that an analyst is bullish but sees a short term pull-back so giving nevertheless a lower (short term) target.
• support/res(istance) = Most significant support or resistances mentioned by the analysts. If those are breached a significant move to the upside or downside is expected.
• bottom = -> now renamed and moved to long term table. Low 2018
• low/top 2018 = what is the low or the top expected for 2018?

Further links for educational purposes:

• From @ToneVays: Learning trading
• From @philakonecrypto: Like in every post you find links to his amazing educational videos. For example here
• From @lordoftruth: Fibonacci Retracement
• From @haejin: Elliott Wave Counting Tutorial

*If you like me to add other analysts or add information please let me know in the comments.