Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: bearish (last: bearish)
.
My comment unchanged as bitcoin is still calming before the storm.
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: Current week is very tight and that is what we can hope for. Next week will than give an indication in which direction we go.
- Daily: We continue to have lower highs and lower lows. If we go over 7'250 we still need to go over 7'500. As long as we stay between 6'500 - 7'500 we are just neutral.
- 12h: Continues to make a triangle.
:
Bear flags are forming all day within a symmetrical triangle pattern. Are we seeing lower lows?
:
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.
:
He sees bitcoin is preparing for a big move to the upside.
A scalping pattern at 6'585-6'943 has formed and might lead to wider swings. Next levels to clear are 7k (psychological) followed by 7'340 and 7'880.
With 6'490 bitcoin seems to have found support.
Todays trend is neutral. Expected trading for today is between 7'600 and 6'490.
:
Decisive break is bound to happen before April 27th.
Sees two scenarios:
Breaking 7'250-7'500 (major resistance established from months ago) - this would cause a major rally.
:
He sees bitcoin in nowhere land. As long as we don't get a clear price indication market will just moving without power.
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 11. Apr | here |
| @haejin | 12. Apr | here |
| @ew-and-patterns | 6. Apr | here |
| @lordoftruth | 12. Apr | here |
| @philakonesteemit | 12. Apr | here |
| @passion-ground | 11. 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.