Bitcoin TA - summary of analysts - 23. Apr 18

in #bitcoin6 years ago

Regular daily update on BTC ta analysts opinions.

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

Mixed-signals.jpg

  • All analysts with an update - great!

  • Several analysts turned neutral.

  • Pull back expected before moving further up.

  • April is used to be a good month for crypto. Lets see how this turns out this time.
    IMAGE 2018-04-08 20:14:56.jpg

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: Just kick off brand new week. If we can open and close over the trend line this another bullish sign.
  • Daily: Is struck under setup trend line. The longer we stay in the area of the resistance it is likely to break to the upside. Over that we have only MA 200 and MA 100 till next fib line over 10'000.

@haejin:

He sees another fractal ongoing. He believes we see higher highs in Bitcoin.
Bildschirmfoto 2018-04-23 um 20.45.34.png
He also sees an ascending right triangle which is an even more bullish sign. Target 9'600.
Bildschirmfoto 2018-04-23 um 20.46.53.png

@ew-and-patterns:

It is decision time again. Here the bigger picture. BTC broke downtrend and is within old uptrend. But there is a problem. BTC is still in yellow wave 5. The coming correction will likely bring it back down again like this:
Bildschirmfoto 2018-04-23 um 20.53.21.png
At the wave 2 low BTC has to show some good upward momentum, which is what we will be looking for.
The only good thing about this is: IF we see it develop like in this last pic, the chances of BTC dropping down to 4000 later this year will be very low.
Bildschirmfoto 2018-04-23 um 20.53.43.png

@lordoftruth:

RSI is now close to levels at which bitcoin tipped over and went down. If recent history is to repeat itself we might see move down from 9'120 or 9'730.
He see implications are bearish rather than bullish with current move over 8'640 - and a little bearish action can make the implications bearish all over again.
Bullish sentiment is canceled if price drops below 7'240.
Todays trend is neutral. Expected trading for today is between 7'840 and 9'122.

@philakonesteemit:

BTC moves sideways for over 36 hours.
A break above 9'067 can rally to 9'200 to 9'300 range.
A break below the ascending triangle can firstly test 8'616 range.

@passion-ground:

he secular trend is struggling like hell to remain bullish. The long-term trend (via the daily and weekly charts) are poised to reverse to the long side of the market come Monday.
Bildschirmfoto 2018-04-23 um 21.03.59.png

Summary of targets/support/resistance

Bildschirmfoto 2018-04-23 um 21.11.31.png

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Reference table

analystlatest content datelink to content for details
Tone Vays23. Aprhere
@haejin23. Aprhere
@ew-and-patterns22. Aprhere
@lordoftruth23. Aprhere
@philakonesteemit22. Aprhere
@passion-ground23. Aprhere

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:

*If you like me to add other analysts or add information please let me know in the comments.

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Great! Thank you.

very helpful information.thanks for sharing.

Been a great week for Bitcoin and cyptocurrency. We still expecting rise in the coming week

A lot of people are saying that a healthy correction is needed soon. Let's see how long it takes to play out.

I feel it might still hold on till june. Am very optimistic.

Big time crossroad here with ETH and LTC both testing the 200 day MA as well. Decision Time!

Great post. Love how you condense everything.

It was very informative analysis regarding on your journey here at this craft. Sharing is knowledgeable. Thanks for this.

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