Bitcoin TA - summary of analysts - 10. Mar 18

in #bitcoin3 years ago

Regular daily update on BTC ta analysts opinions.

Bildschirmfoto 2018-02-01 um 12.02.42.png

Own comment:

  • Overnight btc came back up over 9'000 price range which gave us a nice hammer reversal candle. Unfortunately Tone has not yet published his update. But sure is that today needs to bring another significant move to confirm the reversal candle and bring us further back up.
  • Some are considering the last move to 8'340 as the final wave C, some as "bull wick" and seeing us getting up from here. That are the most bullish scenarios.
    -@philakonecrypto sees another wave down after we recovered somewhere between 9-10k which could lead us again significantly down.
    -The bounce back of the last hours was very welcome but in my opinion we are not out of the woods.

Analysts key statements:

  • Tone: - no update yet -
    Weekly: starts looking really nasty. needs to pull back up. If weekly closes where it is today everything is in danger.
    Daily: He was looking for a 1-4 day pull back but not that significant. That is more a full blown downtrend. The only thing we can hope for is that the current candle gets a reversal doji - if not we have not much support left and we are in deep trouble.
    If 7'500 support is broken he sees us going to 5'000.
  • @haejin: He sees an ABC pattern ongoing which fits into the iSHS pattern he is expecting. So we should see soon bullish momentum kick in.
    Bildschirmfoto 2018-03-09 um 12.42.07.png
  • @ew-and-patterns: He posted several updates over the day to help us understand current move. That was highly appreciated. He sees that the bottom of current correction is likely in @8'360. The current drop he sees as part of wave C which is completed and now let us continue the bull momentum.
    Bildschirmfoto 2018-03-09 um 12.49.09.png
  • @lordoftruth: Bitcoin found support at close to 61.8% retracement level and turned back up to 9'200. He see the trend still bullish. Break of 9'420 is expected. The iSHS and his 15k end of march scenario he still sees in play. Expected trading for today is between 8'340 and 10'150.
  • @philakonecrypto: His videos is from the time bitcoin at 8'500 and on it way back up. He sees the correction as part of the A! wave which means current pull-back is just wave b followed by another wave down (C). This wave down might lead us back to a double swing bottom (8'340) or to the year-low of 6'000. So he is short term expecting bullish wave B (which came true) and than sees us going down one more time.
    Bildschirmfoto 2018-03-10 um 11.24.55.png

Overall sentiment: slightly bullish
(last: slightly bullish)
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Reference table

analystlatest content datelink to content for details
Tone Vays9. Marhere
@haejin10. Marhere
@ew-and-patterns8. Marhere
@lordoftruth10. Marhere
@philakonecrypto9. Marhere

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 1 = the next price target an analysts mentions
  • bottom = price target analyst mentions as bottom
    Both target are probably short term (so next few days/weeks)
  • lower/upper barrier = Most significant barriers mentioned by the analysts. If those are breached a significant move to the upside or downside is expected. It does not mean necessary that the sentiment will change due to that (e.g. if upper resistance is breached it does not mean that we automatically turn bullish).

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.

Sort:  

i dont think most of the Cryptos will reach the value they had in dec2017 again.....people have started losing interest again well most of people right now who are holding CryptoCurrencies right now are new people who have seen alot of growth in market and bought and after seeing whats happening right now this people are getting desperate for selling their Cryptos.

I really do not think the Crypto Market can be stable for at least next 4-5 months sad thing but i think thats exactly whats going to happen

It definitely is going to be a long year ahead lots of the people that got involved in Dec have cut their losses and are now licking their wounds.

But they will all be back again nice they feel like its going up again... weak hands

So, that the game can continue...

Yup, I’m one of them.

Jip so that the game and continue, @lonas I hope that you learn from it though, as a long term holder will always come out on top...

Yes you very well may be right, if we seen a new ATH (above $20k) before the end of this year I would be very surprised! More and more people are realizing that they can use Bitmex to make money off the market going down as well as up now so... yeah that doesn't help the HODLers.

Every word of your mind, you wrote very well. Hopefully you'll be giving us a good post like this.
I would like to say you keep it up and well done.

It's been a bit sweaty lately watching the movement of Bitcoin, but by following this summary I feel more confident to continue hodling

This is where the real winners will get tested, if you sell now then in 5-10 years time you will cry yourself to sleep every night...

For future viewers: price of bitcoin at the moment of posting was 9335.70USD. Happy trading!

^--- You made this exact same comment at least 11 times and close variations at least 1,623 times in the last couple hours. View these duplicate comments

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…Key Statement:

8366 is thus far holding its recent low. There is a short-term upside price target in place of 10,039 (so long as 8366 holds). My short-term bearish outlook suggests that once this current snapback rally is complete, that the market will head back down in search of the 7463 downside price target.

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