BTC TA - Bitcoin Technical Analysis. Analysts Opinions MAY, 29th
BTC TA ANALYSTS DAILY SUMMARY -MAY, 29th
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Analysts Sentiment Summary
Analysts Detailed Summary
@chartguys
He's keeping his eye on the 7k major psychological support. The decline in sell pressure (volume) is a good sign. He'd be hesitant to buy, if sell volume increases significantly, which would lead to retesting the previous low of $6450. However, he believes that 7k will hold, as the daily RSI is already in oversold territory. He would like to see a bullish reversal candlestick form to confirm change in downtrend.
The Moon
BTC is still in pennant formation. BTC corrected to lower area of pennant formation as anticipated. He expects to see BTC around 7k in the short term. He sees 7k as a major support for BTC, also as a big psychological support. He sees BTC eventually breaking the pennant formation to the upside.
JD Marshall
BTC needs to hold $6900, or we'll see $6425, next major support after that is 6k. For upward momentum, BTC needs to break $7800 zone, otherwise BTC will remain in the downward channel (see chart). Will be bullish in short term if BTC breaks 7.8k.
Coin Mastery
His first buy zone is around the $7068-$6800 level. He believes April lows will hold, and is therefore bullish at these levels, at least in the short term. He anticipates BTC price will bounce from the lower trend line (see chart) in the pennant formation.
Nick Cawley - OLD UPDATE (MAY, 25th)
BTC has been stuck in a range over the last two-and-a-half months and has more room to the downside. The late March low at $6,438 is the first target ahead of the February 6 and the 2018 low of $5,932. The 20-day/50-day cloud above the around $8,200 to $8,600 should prove stiff resistance to any upside move.
Phantom Strategies - OLD UPDATE (MAY, 22nd)
5-10% sell off from these levels ($7900) would qualify as an small 'buying opportunity'.
Scenario 1 (Bearish):
If $7900 support does not hold, we'll see $7450.
Scenario 2 (Bullish):
Bullish rebound is still on the table.
If BTC can clear $8200-$8300 resistance, $8800 should be in reach.
Trading Room (MAY, 29th)
$BTC is trying to float on the last & final major support level around 6900-7000 area. Weekly close above 7600 is key for bulls.
I am glad that you are not copying famunger by using different analysts summaries. I like the way you present it. Good luck.
Thanks ew-and-patterns, appreciate your work. Cheers
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