Bitcoin TA - summary of analysts - 9. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• We are at the edge to find out if the bottom is in or not. Some analysts still looking for the "missing" 5th wave while other look for confirmation that the bottom is in.

Analysts key statements:

• Tone: Weekly still looking good but we are coming down at the moment - we need the good close ideal with a green candle here. Daily: Todays candle is not giving us trouble but is red which makes him careful. Candle needs to stay over 8'000. On the 4 hourly the 50MA is preventing we are going up more. We need to go over that resistance.
  Daily looks great. The longer we stay above 8'000 the better as probability rises that we break than to the upside.
• Hive account@haejin: First impulse followed by abc correction completed. No 3 wave of 2nd impulse is on its way. This one should be strong enough to break resistance. MACD is getting stronger and stronger supporting bullish move. Target is at 9'800. To stay bullish the second impulse needs completion.
• Hive account@ew-and-patterns: Stays in general with its count. Next target is BTC going up to 10'000. After that it is decided if we just correct to 9'000 or go for another low at 4'900.
• Hive account@lordoftruth: As we weren't able to break 8'600 he is expecting we come down to 6'800. EMA50 brings the bearish pressure. The correlation to stock markets brings in another variable which isn't good for us a btc investors (good for BTC traders short term though) Trading expected between 8'900 and 6'100.
• Hive account@philakonecrypto: Stick to his analysis of yesterday. Still missing wave 5. He expects us to test resistance at 9'200 before completing wave 5 towards 4'500-5'000.

Overall sentiment: slightly bearish
(last: slightly bearish)

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.