Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: bearish (last: bearish)
6'450 seems to be critical support. If broken downwards we will see 6'000.
7'500 seems to become new major resistance. And needs to be broken to gain any bullish momentum.
This week will be interesting because one of the triangle apexes is due.
April is used to be a good month for crypto. Lets see how this turns out this time.
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.
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: We continue to hold 50 MA. As long as we stay within the range of previous candle no clear signals here. He is looking for a 9 here (current 5) to get a solid reversal.
- Daily: We stay in the bearish trend. He is still very convinced on the 6'000 target. If we reversal he still expects that is just short lived. To consider any bullish scenarios he needs us to get above blue line (above 7'500).
:
He sees bitcoin can break to the upside or to the downside. He leans to the upside though. Here is the pathway he sees.
:
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.
:
Bitcoin tested 6'610 again and moved up from there. We got mixed signals but he expects a major swing by Apr 12, which is now supported by the squeezed 1D band. So between 12-15th April he is expecting big move to the upside.
Todays trend is neutral. Expected trading for today is between 7'340 and 6'490.
:
He is back.
Sees two scenarios:
A) We go up to 7'200-7'250 and there either break it for more upside or get rejected and fall to 6'450 which is most likely will than break to the downside to 6'000.
B) We even don't manage to get into "pink" zone and fall below 6'450 directly.
:
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 | 10. Apr | here |
| @haejin | 10. Apr | here |
| @ew-and-patterns | 6. Apr | here |
| @lordoftruth | 10. Apr | here |
| @philakonesteemit | 10. Apr | 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
: Like in every post you find links to his amazing educational videos. For example here
- From
- From
*If you like me to add other analysts or add information please let me know in the comments.