Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: slightly bullish (last: slightly bearish)
- Today we got only three updates.
- I general we have no news. Bitcoin is expected to go up - at the moment we are stuck and may correct to 8'600+ before moving up.
- Unchanged: Still we need to clear 10'000 downtrend and the previous high of 12'000 to confirm a full blown turn around.
News about the blog
- I added a second "support" column in the overview table. It make sense to track that information as well like for the resistance areas. Idea from
- I will be traveling again starting Saturday for two weeks. Expect the timing of the overview to vary in that time frame.
Analysts key statements:
Tone:
- Weekly: Price is back above 9'000 which is good. But still he sees it neutral.
- Daily: If we would have close below 7'500 he would have been very bearish. We are now going up very quickly which will delay the death cross (50 / 200 MA). That may lead to update his arrows. We need to break 50 MA which is very important. It still all be a dead cat bounce.
- 4hourly: Is flattening out setting up the environment for another move up towards the 200 MA (4 hourly).
:
He sees another iSHS pattern forming. We are working on the right shoulder. A correction towards 8'500 would be expected here (as mentioned yesterday). If that pattern is confirmed 12'218 is target. MACD is close to a cross - further upside is needed for that - which produces a buy signal.
:
He presents an alternate count for awareness reasons. That one has a target for correction wave C of 4'000.
:
Bitcoin stuck between 8'600 and 9'260. We need to clear this zone to move further up to 10'150. Several indicators give bearish signs why he is believing a quick pullback towards 8'700.
Todays trend is bullish. Expected trading for today is between 8'200 and 10'200.
:
He sees resistance between 9'000 and 9'100. If we break above next target is 9'350. If we break below channel support of 8'900 we go down to 8'600-8'750 level. He neutral about those scenarios.
:
He sees current move off 7325 as solid. Next resistance to hi is at 9'090. The corrective downward move from 8'718 was rather shallow which is a bullish sign supporting the current momentum. He sees the move up towards 10'400 range. His target and support/resistance remain unchanged.
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 21. Mar | here |
| @haejin | 22. Mar | here |
| @ew-and-patterns | 18. Mar | here |
| @lordoftruth | 22. Mar | here |
| @philakonesteemit | 22. Mar | here |
| @passion-ground | 21 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.