Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: slightly bullish (last: slightly bullish)
- We are fighting at the 9'000 mark below the MA200. Still mixed signals and we continue to wait for clear signal confirming either the bull or the bear scenarios.
News about the blog
- I am traveling at the moment. Expect the timing of the overview to vary in that time frame.
Analysts key statements:
Tone:
- Weekly: Week won't help at the moment. Either it would need to close above 10'000 or below 7'500 to give a signal.
- Daily: We have a pullback as expected. He expect it to go towards the rising uptrend. He still stays more bearish than bullish. So he still sticks to his arrow projections.
- 4hour: give you a 9 soon which could mean a 1-4 reversal to the upside and than down again.
:
First of 5 wave sequence up seems to be completed. That sequence is part of higher degree wave 3 (yellow). Wave 2 seems to be completed as well.
On the bigger picture he sees white wave 2 completed meaning we are ready for some fireworks of wave 3 towards 25'000 to new ath. MACD is giving a buy signal supporting that scenario.
:
He sees btc is starting to look really bad again. If not buyers are rushing in soon (which they did in the meanwhile) he sees the WXYX2Z pattern to be completed with a very bearish outlook towards 3'500.
:
His bull scenario is still in play. He expects us to move upwards from the turning point of 8'270 to 9'600-9'700 followed by correction towards 9'290 until rising to 10'800.
Todays trend is bullish. Expected trading for today is between 8'375 and 9'600.
:
A break above 8'750-8'836 will push us up to 9'177. If we trend back to the 8'650 range he sees that a B wave with a target of 8'000-8'250 for wave C
:
The lack of aggressive bullish intent he came up with a short-term bearish alternate which wash out weak hands before rising.
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 23. Mar | here |
| @haejin | 24. Mar | here |
| @ew-and-patterns | 23. Mar | here |
| @lordoftruth | 24. Mar | here |
| @philakonesteemit | 24. Mar | here |
| @passion-ground | 24 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.