Bitcoin TA - summary of analysts - 24. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Bears are back - analysts expecting in general a correction and than continuing in a stronger move up.

Analysts key statements:

• Tone: Weekly is looking again very bearish. If candle closes at the bottom of the candle this is even more bearish. To get an 8 next week we would need to get a close below 8'200. Daily is not good - we a lower low and a lower close. It looks bearish - we have also reversed even before the 50 MA. 4hourly however bounced form fib line and 50 MA. On the lower time frame you see a 900 USD drop within 30 min with a bounce back. Probably a whale exploiting a thin order book making money leveraged in the future market.
  He sees support at 200 MA at around 8'600.
• @haejin: We might see a head and shoulder pattern with potential move down to 8'690. This one is embedded in a larger SHS pattern with neckline at 9'750. If breached target is 7'670.
• @ew-and-patterns: Wave b of B seems to be completed as well. Target of wave B is around 8'000.
  
• @lordoftruth: Right shoulder in progress as expected. Target 8.7- 9.2K still stays. Trend for today slightly bearish. Expected trading for today 8'700 - 11'000.
• @philakonecrypto: -no new update today-
  Signals are mixed. He sees major resistance at 10'130. He sees a channel (on the 15 min chart) and a possible move up to the upper barrier line. General he waits for new signals from the market for a confirmation of mid term trend.
  

Overall sentiment: bearish
(last: neutral)

Reference table

analyst	latest content date	link to content for details
Tone Vays	24. Feb	here
@haejin	24. Feb	here
@ew-and-patterns	24. Feb	here
@lordoftruth	24. Feb	here
@philakonecrypto	23. Feb	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.