Bitcoin TA - summary of analysts - 17. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• I am traveling again so that is why the timing of the updates will be a bit off. But I try to keep you daily informed as long as we are not in stable waters at least.
• Overall it seems that the "bottom" at 6'000ish gets more and more confirmed and we gain more and more bullish momentum. However pullbacks are expected on the way up.
• I turned Hive account@philakonecrypto bullish according to his last reviews. I have to double check with him if he is now convinced that the bottom is "in".

Analysts key statements:

• Tone: On the weekly he very much liked the current week candle. the significant large candle after the last week reverse candle confirms bullish momentum. Although to get green we need to close above 11'558 this week (tomorrow). Daily - the possible "9" (see comment yesterday) seems of the table and the current count seems legitimate. At 11'000 - 11'300 he sees another big resistance - MA50, fibonacci and another resistance line coming here together.

• Hive account@haejin: The higher degree iSHS is forming. The right shoulder needs to be completed - perhaps in the next days. The target of wave 3 of V is raised to 11'466. The MACD shows also signs of strength. The 9 is in positive territory and he expects the 12 to follow.

• Hive account@ew-and-patterns: Bitcoin took the more bullish path. See updated count in chart (I love the clarity in those) giving us a target around 11'100 for tomorrow. He sees that also as confirmation that the final low is in - the chance of bitcoin making another low he sees only at 15%.
  

• Hive account@lordoftruth: Expected trading for today 9'000 - 12'000. Short term bullish outlook expecting bitcoin to breach the 10'700 which still needs to monitored carefully. Most likely target for today 11'500.

• Hive account@philakonecrypto: If 10'500 resistance is broken we go up to 10'750-11'200. Another correction should follow after targets are hit. His chart is also very interesting and with lot of information - I love it so I like to share it with you directly.
  

Overall sentiment: bullish
(last: bullish)

Reference table

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.