Regular daily update on BTC ta analysts opinions.
My summary - sentiment: bearish (last: bearish)
- Tone seems to see 7'666 as current low while several other analysts expecting another leg down to the area of 7'200. Before moving up.
- We stay bearish for today it seems.
News about the blog
- None
Analysts key statements:
Tone:
- Weekly: This week has nearly no way to get (stay) bullish. If would close below 7'600 we would be bearish. Otherwise we stay neutral.
- Daily: Yesterday closed as reversal candle with an aggressive 13. Today we continue move up. He thinks we go up to 9'500 but doesn't see more strength at the moment to go beyond that.
:
He sees bitcoin moving within this triangle. He thinks the white line is more likely and is his primary count.
:
BTC is following his pattern perfectly. He sees wave 3 completed and wave 4 to be done today. After that we go down for wave 5 to 7'200 ish.
:
He expects lots of buyers at 7.5-7.6k where he sees the bottom of current move. That support needs to be monitored closely. If we go below that we probably see 5'000.
Todays trend is bullish. Expected trading for today is between 7'300 and 8'700.
:
He sees current move limited to 8'700 to the upside. After that he sees another wave down towards 7'250 which is a strong support.
:
He sees that we approaching a do or die point. We need to mark a "higher" sustainable low to keep the uptrend. He is expecting a decision here on Friday (today).
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 16. Mar | here |
| @haejin | 16. Mar | here |
| @ew-and-patterns | 16. Mar | here |
| @lordoftruth | 16. Mar | here |
| @philakonesteemit | 16. Mar | here |
| @passion-ground | 16. 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 = 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.