Regular daily update on BTC ta analysts opinions.

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

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• My comment unchanged as bitcoin is still calming before the storm.

• 6'450 seems to be critical support. If broken downwards we will see 6'000.

• 7'500 seems to become new major resistance. And needs to be broken to gain any bullish momentum.

• This week will be interesting because one of the triangle apexes is due.

• April is used to be a good month for crypto. Lets see how this turns out this time.
  

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: We continue to hold 50 MA. As long as we stay within the range of previous candle no clear signals here. He is looking for a 9 here (current 5) to get a solid reversal.
• Daily: We stay in the bearish trend. He is still very convinced on the 6'000 target. If we reversal he still expects that is just short lived. To consider any bullish scenarios he needs us to get above blue line (above 7'500).
  

@haejin:

He sees bitcoin in a symmetrical triangle and due to the three points of higher lows he sees it likely to break to the upside.

@ew-and-patterns:

He sees new lows to be imminent. The last bullish count he can find gets invalidated if we drop below 5'920.

But he sees the following bear scenarios more likely (primary count). Those scenario have different support / bounce areas: 5'400, 4'850, 3'550.

@lordoftruth:

Bitcoin tested 6'650 and support of 6'490 hold well. He sees bitcoin gathering strength here . April 17th US tax period finishes. After that he is expecting a strong bounce to the upside.
Todays trend is neutral. Expected trading for today is between 7'340 and 6'490.

@philakonesteemit:

Sees two scenarios:
Breaking 7'250 (major resistance established from months ago - this would cause a major rally.
Other one falling below 6'425. Than we would surely test 6'000 which most likely won't hold us.

@passion-ground:

He sees bitcoin in nowhere land. As long as we don't get a clear price indication market will just moving without power.

Summary of targets/support/resistance

Reference table

analyst	latest content date	link to content for details
Tone Vays	10. Apr	here
@haejin	11. Apr	here
@ew-and-patterns	6. Apr	here
@lordoftruth	11. Apr	here
@philakonesteemit	11. Apr	here
@passion-ground	11. Apr	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.