Bitcoin TA - summary of analysts -2. Mar 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• We are above the 11'000 and bitcoin seems to become bullish.
• All have bullish target now. The inverted SHS pattern and a cup and handle as bullish patterns become very much discussed. If one of those becomes reality we should be able to leave the current downtrend behind us once and for all.

Analysts key statements:

• Tone: Weekly: is looking good now. Still price flip. On Sunday we look for closing above fib line (9'900), close at the weekly high, not to close above 11'500 (so that next week can easily trade above this week). Next bullish sign would be we break 12'200.
  Daily: The 5 level of resistance (50 ma, trend line, 128ma, setup trend line, fib line). The first two are done - 3 more to go. He likes to get stucked at the last resistance line (11'300) to overcome it on Monday and go up all the way to 12'000. Than a cup and handle would form with a target at 16'000.
  4 hourly: looks bullish. We are at a 6 with 3 more to go.
• Hive account@haejin: He sees that upper trend line is breached decisively. We are looking at the start of another bull run. Next target is 11'559 to complete right shoulder of iSHS pattern. After that pattern is confirmed next target is 17'655.
• Hive account@ew-and-patterns: He see an iSHS forming. Minimum target to break neckline is at 12'000. If confirmed the pattern would move us significantly above the downtrend - probably up to 20'000.
  
• Hive account@lordoftruth: Price moved up as expected and close above SMA50 days. Also MACD got above the 0 line. Bullish move will go towards the 12'000 to complete the iSHS. After that we are moving the fib lines up till we reach the 15'000 by end of march. Expected trading for today is between 10'500 and 12'000.
• Hive account@philakonecrypto: If we move over 11'200 than next level is 11'788. Possible way up is shown in chart below.
  

Overall sentiment: bullish
(last: neutral)

Reference table

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 1 = the next price target an analysts mentions
• bottom = price target analyst mentions as bottom
  Both target are probably short term (so next few days/weeks)
• lower/upper barrier = Most significant barriers mentioned by the analysts. If those are breached a significant move to the upside or downside is expected. It does not mean necessary that the sentiment will change due to that (e.g. if upper resistance is breached it does not mean that we automatically turn bullish).

If you like me to add other analysts or add information please let me know in the comments.