Regular daily update on BTC ta analysts opinions.
My summary - sentiment: bearish (last: bearish)
- It seems we are really at the make or break point. Either we find strong support at the current trend line and bounce from here or we go down - way down. Next days will show the truth - I wouldn't wonder if you see a "bloodbath" picture soon again.
News about the blog
- None
Analysts key statements:
Tone:
- Weekly: He sees the 8-9'000 as very neutral giving no real sign.
- Daily: We are working on a new lowest close except for 3 other days of the year where we were working on the bounce. Last support is at 7'600 support. The trend line is essential to hold.
It all looks like we are getting ready for another significant drop which goes into the summer.
:
It is still not resolved if white or blue line is going to be confirmed but both ways will lead to the same destination. For the blue we need a breakout. The white would move us one more time down to break out more closely to the apex.
:
Wave 5 of 5 of blue wave 2 is ongoing. this can lead somewhere between 7'300 and 5'921. If we go below that the count is invalidated.
:
He sees that this is the final test for bitcoin. Target is a double bottom pattern at 7'550 and jump to the upside from there.
Todays trend is bullish. Expected trading for today is between 7'300 and 8'700.
:
He sees that we are going down further. No support has been established. Target 7'250 - 7'650.
:
He is still looking for the do or die point - secondary low to be established. He sees that to happen today +/- one day so maybe also tomorrow.
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 17. Mar | here |
| @haejin | 17. Mar | here |
| @ew-and-patterns | 17. Mar | here |
| @lordoftruth | 17. Mar | here |
| @philakonesteemit | 17. Mar | here |
| @passion-ground | 17. 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.