Bitcoin TA - summary of analysts - 7. Apr 18
Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: bearish (last: bearish)
- Today another recovery. Since a week we are ping ponging between 7'500 and 6'400.
- The recovery is not like one anyone really expecting (bulls would want it with more volume and as a break out which it isn't and the bears were looking for a 6'000 target). Let's see how long this rebound lasts.
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.
Done traveling for a while - back to normal.
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: Remains fully bearish. If we close like this it would be the first close below 50 MA since a very long time.
- Daily: We got a close which is lower than any close in this bear market. We only have intraday prices trading below. So he is expecting that we get a new swing low.
TD is on a 3 of 9 and expects us to go down 6 more days. He expects us to get to the 6'000 and hopes that will be not before end of April before we than go down to 4'900.
@haejin:
He is seen bitcoin still in his bullish trend. He sees that the uptrend still holds and breaking below brings us always immediately back up. Sellers genocide he calls it. Weak hands are washed out and smart money comes in.
He sees us breaking out soon (mid April) - either from here or from a double bottom.
@ew-and-patterns:
He sees new lows to be imminent. The last bullish count he can find gets invalidated if we drop below 5'920.
But he sees the following bear scenarios more likely (primary count). Those scenario have different support / bounce areas: 5'400, 4'850, 3'550.
@lordoftruth:
BTC tested 6'500 and is now moving towards 7'120 (ping pong move). He still sees bearish trend until 7'380 is broken. He expects sideways move between 6'490 and 7'120.
Todays trend is slightly bearish. Expected trading for today is between 6'490 and 7'380.
@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 expects a slow shift from bearish to a bullish market. For that we need a series of higher highs and higher lows. For now he remains bearish but "less".
Summary of targets/support/resistance
Reference table
analyst | latest content date | link to content for details |
---|---|---|
Tone Vays | 6. Apr | here |
@haejin | 7. Apr | here |
@ew-and-patterns | 6. Apr | here |
@lordoftruth | 7. Apr | here |
@philakonesteemit | 28. Mar | here |
@passion-ground | 3. Apr | 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.
I project bearish thru the weekend than Bullish on Monday again for BTC.
There must be a strong dump down to a relevant support, followed by massive buying action for a bullish reversal to be considered. Otherwise, this is just textbook slow-bleeding bear market.
Yeah, I'll like you to add me as an analyst, my top 2018 prediction is $100,000 😀. What are my further use of crypto terms and my qualifications? I really don't need those, I'm the son of Aphrodite
![image](https://steemitimages.com/640x0/https://img.esteem.ws/c87ij9n1b9.jpg)
😀
Anyways, really great what you're doing here, this article was really handy. Then again, I agree with all the people saying "bullish", and I'm serious about my own prediction and my maternal origins 😆
@nevies, the son of Aphrodite