Bitcoin TA - summary of analysts - 3. Mar 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• We are above the 11'000 and still struggle with the resistance zone.
• A cup and handle and a iSHS have a decent chance to get completed which would set us up to the area of 15-17'000.

Analysts key statements:

• Tone: In general he stick with his analysis from yesterday and is waiting for more resistances to be tackled and the cup and handle to be completed.
  Daily: Two resistances knocked down. He would like to see the close today above at least another resistance (11'100). Also the cup and handle is in play - that would be completed as well and set us up for a nice break out.
  4 hourly: turned red at new swing high but trades against the daily which makes it a risky trade.
• @haejin: He sees a bull flag forming which lead to 12'306. That would than also complete and confirm the iSHS pattern he was mentioning the last days.
  
• @ew-and-patterns: Today he has an update about long term perspective of bitcoin. If 20k was cycle wave 1 and 6k cycle wave 2 we could see this year BTC reaching 120'000.
  
• @lordoftruth: Up to 11'750 we are in resistance zone needing either more time or more volume to get through it. His scenario of completing iSHS pattern and reaching 15'000 in march still stands. Expected trading for today is between 10'500 and 12'200.
• @philakonecrypto:- no new update -
  If we move over 11'200 than next level is 11'788. Possible way up is shown in chart below.
  

Overall sentiment: bullish
(last: bullish)

Reference table

analyst	latest content date	link to content for details
Tone Vays	3. Mar	here
@haejin	3. Mar	here
@ew-and-patterns	3. Mar	here
@lordoftruth	3. Mar	here
@philakonecrypto	2.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 1 = the next price target an analysts mentions
• bottom = price target analyst mentions as bottom
  Both target are probably short term (so next few days/weeks)
• lower/upper barrier = Most significant barriers mentioned by the analysts. If those are breached a significant move to the upside or downside is expected. It does not mean necessary that the sentiment will change due to that (e.g. if upper resistance is breached it does not mean that we automatically turn bullish).

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