Bitcoin TA - summary of analysts - 28. Mar 18
Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: slightly bearish (last: slightly bullish)
- Still we are in the critical range around 8'000 and 7'500 dependent on where you draw the trend line and which analyst you give more weight.
- Everybody seems to wait for a clear signal for a new direction
- With passion-ground we turned to slightly bearish
News about the blog
- I am traveling at the moment. Expect the timing of the overview to vary in that time frame.
Analysts key statements:
Tone:
- Weekly: Weekly turned bearish. This is bad - last time this happened btc was at 12'750. The prior time in 2017 in July btc was at 2'400 and it went to 1'800.
- Daily: It looks like we are bouncing back to the upside. We are on a 13 with a green arrow. Last time we went up for a day and than went lower. Daily stays bearish even daily candle looks at the moment like a reversal candle (hammer). To confirm full blown bearish trend we need to close below trend line and open and close below trend line tomorrow. It is possible that we bounce from here back to the upper channel barrier but it is unlikely. The run up last week didn't get us to the upper channel which makes it weaker. Tomorrow will be more interesting.
@haejin:
He sees wave 5 in its final stages. So B wave correction is near compltion. From here he sees us move up to 9'600.
@ew-and-patterns:
He sees a short term Zig Zag EW pattern forming. If we see lot of upward movement than it could be also wave 3 (yellow). but he warns - this seems to be the calm before the storm. Either we drop to a market cap of 130B or if that is wave 3 the next month are going to be great again.
@lordoftruth:
BTC rebounded at 7'710 with a 5H Hammer bullish candle. So he sees this could be a turning point and sees his bullish scenario still in place. He stays bullish expecting a large move up to 9'260.
Todays trend is bullish. Expected trading for today is between 7'500 and 8'375.
@philakonesteemit:
BTC test major trend line support which is established for month now. The range of 7'500 - 7'700 needs to hold. If we break below he is expecting us to retest 6'000. If support holds he sees a rally up.
@passion-ground:
He presents us today an alternate count of a 13 month bear market. That ist represented in his monthly chart - see below.
For the short term he sees us testing 7'297.
Summary of targets/support/resistance
Reference table
analyst | latest content date | link to content for details |
---|---|---|
Tone Vays | 27. Mar | here |
@haejin | 28. Mar | here |
@ew-and-patterns | 27. Mar | here |
@lordoftruth | 28. Mar | here |
@philakonesteemit | 28. Mar | here |
@passion-ground | 28. 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.
Great job....thanks a lot for giving a beautiful analylist post...... @famunger
I learned a lot from your post.Thank you very much for giving the graph.The graph is very beautiful.thanks bro..
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Great job...............
Wow good
Im sitting here holding 16k bags of BTC... anyone else??