Bitcoin TA - summary of analysts - 30. Apr 18

in #bitcoin6 years ago

Regular daily update on BTC ta analysts opinions.

Bildschirmfoto 2018-03-11 um 11.14.53.png

**My summary - short-term sentiment: bearish ** (last: bearish)

  • We are holding above 9'000 area.
  • Are we able to pick up steam here to go into the 6 digit numbers or do we need a correction first?
  • Key area is the range of 9'750 - 9'990. If we break through that more upside is expected. If not we likely see a correction before moving up again.
  • April is used to be a good month for crypto. Lets see how this turns out this time: This seems to be confirmed also for 2018. June is usually also a good month - not as good as April though. Lets see.
    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: Looks fairly strong. Clearly broke the trend line and got away from 50 MA. He is not yet turning neutral but is close to. Because we had a few weeks a similar move from 6'000 to 12'000 100% up and than back to 6'500 50% down. So we need to be above 12'000.
  • Daily: Big down day looked very bearish and he expected to go down to 50 MA but we didn't. We are facing another death cross (128/200). Stagnated near the top.

@haejin:

nonews.jpg
If Impulse count as shown below is correct then it would probably look like the below chart. Blue wave 3 needs to put in a higher high soon. That higher high needs to be above 9'750.
Bildschirmfoto 2018-04-29 um 19.03.00.png
Alternate count is upward pointing wedge (abcde). Last wave e towards 9'700.
Bildschirmfoto 2018-04-29 um 19.06.04.png
If we get higher high then probable pathway leans towards A) if there is a lower high then the ABC red looks likely.
50:50 chance here.

@ew-and-patterns:

nonews.jpg
He expects wave 4 to be done in 1-2 days.
Either we are looking at ABC correction or triangle like this:
A)
Bildschirmfoto 2018-04-29 um 19.09.32.png
B)
Bildschirmfoto 2018-04-29 um 19.09.46.png

@lordoftruth:

Move up slowed down considerably. He is convinced that the correction towards 7'500 - 8'000 will start in a couple of days supported by RSI (verge of overbought).
So outlook stays unchanged; April high 9'767 - correction ahead towards 7'500 - 8'000 (early May) to build iSHS pattern. than move towards 12'400 (5/8 reaction form 6'490).
Clear breaking of 9'911 will invalid current scenario.
Todays trend is slightly bearish. Expected trading for today is between 8'750 and 9'911.
Bildschirmfoto 2018-04-29 um 19.15.46.png

@philakonesteemit:

nonews.jpg
Bullish scenario got confirmed. Possible further small wave up to come. See bull/bear scenarios below.
Bildschirmfoto 2018-04-24 um 17.11.45.png

@passion-ground:

The upward trend in BTC, albeit tempered in comparison to past run-up north of 11k, is nonetheless bullish in his view. He expects a correction towards 8'366 before moving up.
Bildschirmfoto 2018-04-30 um 11.44.53.png

Summary of targets/support/resistance

Bildschirmfoto 2018-04-30 um 11.46.09.png

Bildschirmfoto 2018-03-24 um 17.10.52.png

Reference table

analystlatest content datelink to content for details
Tone Vays29. Aprhere
@haejin29. Aprhere
@ew-and-patterns29. Aprhere
@lordoftruth30. Aprhere
@philakonesteemit24. Aprhere
@passion-ground30. 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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Hoping philakone returns soon. Good post, as usual.

Yeah he is missed. I have no news unfortunately.

Bitcoin is Adam of cryptocurrency, Now is a right time for investments. Thank you for deep and useful information

nice summury you explain.thank you dear

What is expected in coming months, sir?

fantastic information....thats great

@famunger Nice idea, to bundle these. I'm not as experienced as the people you feature. But maybe my posts add something to the above analysts. It's more raw data style though. Check out the latest post here.

fantastic information.nice summery you explan.
upvot restrem done

I watched Tone last night. He actually said he was NEUTRAL. First time I've ever heard that from him. I also enjoy his no bullshit bearishness so I was surprised to hear it!

Great article, you deserve an invite. On the Best Crypto Wallet with 25% discount CryptoPay.

1 -gB_2M6S7nQdP1w_Wl5sqQ.gif

Good luck and prosperity!

I'm still trying to understand what TA is all about. I think your posts are a good summary and give a pretty nice overview of what the analysts on Steemit have to say, so thank you :-)

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