Regular daily update on BTC ta analysts opinions.

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

• More and more analysts are reinforcing a short term bullish scenario bringing us to 12'000 levels.

• The bulls see the downtrend to be over and the 6'500 level as swing low.

• Tone still remains bearish. Scaling out on weekly he sees no sign of turning bullish (yet). The similarity to 2014 is overwhelming in his point of view - the move upward might be the 2014 bull trap which destroyed the bulls for month.

• 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: Stays clearly bearish.

• Daily: Massive resistance is mounting - 50 MA, 200 MA which has proven as very relevant for bitcoin, fib line, log down trend and some others. He stays bearish and very sceptical of current move.

@haejin:

He sees the MACD giving reliable indications for bitcoin. He believes the MACD support a rally of bitcoin into July. A upward pointing wedge will likely be generated.

His new primary is shown below. This leads us to 12'000.

@ew-and-patterns:

Best case scenario brings BTC back to 14'000 in only a few weeks (6-12).

The bigger picture could look like this soon. He assumes the downtrend to be over most likely.

@lordoftruth:

Bitcoin is in the process of forming a higher swing high which is necessary for the bullish momentum to sustain.
For Monday he expects a pull back toward the area of 6'950 and 7'380.
Todays trend is bullish. Expected trading for today is between 7'380 and 8'260.

@philakonesteemit:

He believes firmly that 6'500 is the floor.
He sees two scenarios. First one is confirmed by breaking 8'240.

Second scenario we correct to 7'621 - 7'428 range first and than move up to strong resistance at 8'650.

@passion-ground:

Bitcoin is again range bound for the moment but on a higher level. It is providing great short-term support levels. Short term bullish scenario still working. He is expecting a pull back wave next to 7'500 levels (0.618 fib).

Summary of targets/support/resistance

Reference table

analyst	latest content date	link to content for details
Tone Vays	13. Apr	here
@haejin	14. Apr	here
@ew-and-patterns	15. Apr	here
@lordoftruth	15. Apr	here
@philakonesteemit	15. Apr	here
@passion-ground	15. 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.