Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: bullish (last: bullish)
More and more analysts are reinforcing a short term bullish scenario bringing us to 12'000 levels.
The bulls see the downtrend to be over and the 6'500 level as swing low.
Tone still remains bearish. Scaling out on weekly he sees no sign of turning bullish (yet). The similarity to 2014 is overwhelming in his point of view - the move upward might be the 2014 bull trap which destroyed the bulls for month.
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:
- Daily: Massive resistance is mounting - 50 MA, 200 MA which has proven as very relevant for bitcoin, fib line, log down trend and some others. He stays bearish and very sceptical of current move.
:
He sees the MACD giving reliable indications for bitcoin. He believes the MACD support a rally of bitcoin into July. A upward pointing wedge will likely be generated.
His new primary is shown below. This leads us to 12'000.
:
Best case scenario brings BTC back to 14'000 in only a few weeks (6-12).
The bigger picture could look like this soon. He assumes the downtrend to be over most likely.
:
Bitcoin is in the process of forming a higher swing high which is necessary for the bullish momentum to sustain.
For Monday he expects a pull back toward the area of 6'950 and 7'380.
Todays trend is bullish. Expected trading for today is between 7'380 and 8'260.
:
He believes firmly that 6'500 is the floor.
He sees two scenarios. First one is confirmed by breaking 8'240.
Second scenario we correct to 7'621 - 7'428 range first and than move up to strong resistance at 8'650.
:
Bitcoin is again range bound for the moment but on a higher level. It is providing great short-term support levels. Short term bullish scenario still working. He is expecting a pull back wave next to 7'500 levels (0.618 fib).
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 13. Apr | here |
| @haejin | 14. Apr | here |
| @ew-and-patterns | 15. Apr | here |
| @lordoftruth | 15. Apr | here |
| @philakonesteemit | 15. Apr | here |
| @passion-ground | 15. 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.