Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: bullish (last: bearish)
There it is - the storm - luckily for all hodler to the upside - not so good for all short position holders.
We broke 7'500 and 7'800 in a hurry. Now working on 8'000 and 8'200
All analysts turned bullish except for Tone who see's a equal move as in 2014 where this move would end in a bull trap.
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 bounced at 50 MA. It looks very similar to 2014 which means even with this bounce we go down. Nothing happened now - the downtrend still unbroken. In 2014 even the downtrend was broken and everybody went bullish and than we got down again - bull trap.
Just one day of upside and everybody sees the bitcoin rally. There is no news just a short squeeze. - Daily: We got rejected by the downtrend of the linear chart. He is expecting this move up not to last. He stays bearish.
:
Bitcoin broke out of the upper resistance line of the second wedge pattern. MACD supports.
Next the upper blue line needs to be broken.
:
He sees his alternate bull count activated. This one is valid until 6'760 is breached to the downside.
:
Bitcoin price rallied upwards strongly to breach yesterday first resistence at 7.66K and the second resistence at 7.88K and for now it is settles around 8.00K.
A swingy pattern might be formed between 7.38K and 8.26K but bitcoin could resume trading on fundamentals.
Todays trend is bullish. Expected trading for today is between 7'380 and 8'260.
:
From here he sees two cases - we break above 8'087 to target 8'250-8'500 or we correct to support level for subwave 4 correction before heading to 8'500.
:
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 | 12. Apr | here |
| @haejin | 13. Apr | here |
| @ew-and-patterns | 12. Apr | here |
| @lordoftruth | 13. Apr | here |
| @philakonesteemit | 13. 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.