Regular daily update on BTC ta analysts opinions.
Own comment:
- It seems analysts waiting for new signals to come. 10'000 is becoming an expected target for the current pull back.
- If we go below 9'500-9'200 ish bitcoin becomes bearish.
- If we go above 11'000 resistance cluster and are able to close there bitcoin become bullish.
- In own thing:
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Analysts key statements:
- Tone: Weekly: We have a price flip and are staying above a fib line which is good. If next week is trading higher than current week - but he would like to see next week also above swing high and fib line. So we stay neutral here.
Daily: The trend line becomes more and more important. The trend line is continuously is rejecting btc to move up.
We had also several touches to the 50 MA but weren't able to close above it. Bitcoin need to break the several resistances (as explained yesterday). He wouldn't trade right now and wait for signals. If bitcoin is coming back down below 9'500 it becomes a short and goes way lower. If bitcoin closes above 11'000 it probably go way higher.
4hourly: Also more a no trade signal. : Sees abc correction in progress while a and b completed. C in progress and should lead us to 10'150. However as alternate count he sees a SHS pattern - if this becomes primary and is confirmed the target is around 9'650.
:- no new update till now -
If btc manages to close above 10'500 we have the first daily close above the down trend line. If this trendline is history it might be that bitcoin is off to the moon. However another corrective wave could lead to 9'000 before we overcome the trendline.: Bitcoin moved intraday towards 11'140 where the sell pressure kicked in as expected (bulls-eye). He believes decline is stopped by the EMA50 at 10'150. He still waits for a breakout of 12k level which confirms the inverted SHS pattern. Bitcoin at 14'500 to 15'000 by end of March is still his call. Expected trading for today is between 10'000 support and 11'500 resistance.
: He is expecting bitcoin to go down to the 10'000 level. With support level at swing low at 9'280 and a likely target of 12'000 he see a good trading opportunity to go long here.
Overall sentiment: neutral
(last: neutral)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 1. Mar | here |
| @haejin | 1. Mar | here |
| @ew-and-patterns | 28. Feb | here |
| @lordoftruth | 1. Mar | here |
| @philakonecrypto | 1.Mar | 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.