Bitcoin TA - summary of analysts - 15. Mar 18
Regular daily update on BTC ta analysts opinions.
My summary - sentiment: bearish (last: neutral)
- We see significant drop looking for new floor. New signs to be evaluated.
- Most are looking to bounce from the area of 7'500.
News about the blog
- None
Analysts key statements:
Tone:
- Daily: We are bouncing and getting at the moment a beautiful reversal candle reversed from strong support. But we need to close like this. It looks promising. Even if we bounce strong his target is only 10'000 and than reevaluate.
@haejin:
The final subwave blue e is likely in progress and could lead to a bull wick.
@ew-and-patterns:
Bear flag was resolved as expected. He sees white wave 3 soon to be completed.
@lordoftruth:
He expects lots of buyers at 7.5-7.6k where he sees the bottom of current move.
Todays trend is bullish. Expected trading for today is between 7'300 and 8'700.
@philakonesteemit:
He has a new steemit account: @philakonesteemit
Bounce target is 8'368. After moving back up he expects another wave down keeping his target of 7'620 - 8'200.
@passion-ground:
His bearish count remains on track. He is looking for signs for an reversal like capture of one or two downside targets, 7609 or 7463, and/or ultimately a retest of the long-term uptrend channel.
Summary of targets/support/resistance
Reference table
analyst | latest content date | link to content for details |
---|---|---|
Tone Vays | 15. Mar | here |
@haejin | 15. Mar | here |
@ew-and-patterns | 15. Mar | here |
@lordoftruth | 15. Mar | here |
@philakonesteemit | 15. Mar | here |
@passion-ground | 14. Mar | 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.
Interesting.....Looks like the sentiment is Bullish long long term according to some of the above mentioned steemians.
I project most likely BTC will pull back from $8.3097 down to around $7,500 to this coming Sunday.
I agree with @ew-and-pattern as shown on his 4 hour chart although our time to get to $7,000 may differ.
What is your projection? Surely, you must have an opinion.
thanks for your analysis that is needed by everyone @famunger
Wow .. Surely, you must have an opinion.