Bitcoin TA - summary of analysts - 26. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Hive account@haejin is only slightly bearish as he expects us to break out of the wedge to the upside. Hive account@ew-and-patterns expects the wave C down to 8'000 before going up.
• Hive account@lordoftruth remains bullish.
• No updates from Tone and Hive account@philakonecrypto

Analysts key statements:

• Tone: - no new update until now -
  He comments the iSHS several other analysts see. He thinks that pattern is to early to be called. If bitcoin is back at the neckline that would be the right time to talk about it.
  Weekly is officially neutral (candle stick gave a reversal - downtrend and number count bearish).
  Daily looks ugly. Reversal candle at the rejection of the triple resistance. We are on a 5 of nine which means likely 4 more bearish days to come.
  4hourly - we are blow the 200ma - the 50 ma has totally flipped (down). We look like we will go down to new swing lows. Next decent support is fib line at 8'900 expecting a bounce from that area. From there at least to 9'500.
• Hive account@haejin: The wedge chart (see below) becomes his primary count. This would lead as a next step to 8'989 and than bringing us back up again towards 12'527.
  
• Hive account@ew-and-patterns: White wave 3 should be next - he expects a sharp decline for today. Target remains 8'000 for end of wave 5.
  
• Hive account@lordoftruth: Price moved back up - he is expecting the SHS pattern to be in play and bitcoin moving up. It might be that we decline towards the 8.7 level (test support) though. Bitcoin at 14'500 to 15'000 by end of March is still his call. Expected trading for today is between 8'700 support and 10'700 resistance.
• Hive account@philakonecrypto: -no new update today - he got hacked and therefore has troubles posting -
  Signals are mixed. He sees major resistance at 10'130. He sees a channel (on the 15 min chart) and a possible move up to the upper barrier line. General he waits for new signals from the market for a confirmation of mid term trend.
  

Overall sentiment: bearish
(last: bearish)

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.