Bitcoin TA - summary of analysts - 27. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Tone is seeing bitcoin not to be bullish in March.
• A lot of mixed signals which leads to neutral positions of Hive account@haejin and Hive account@ew-and-patterns.
• Hive account@lordoftruth remains bullish.

Analysts key statements:

• Tone: Weekly: The current rally is all about "nothing" yet. We have a price flip but that was expected anyway. But a bullish call comes only if the 2 is trading above the 1 - that we can see in 6 days earliest. So that mean we are neutral - no trade. Daily: There is an upper trend line barrier on the linear chart gives us at the moment a 10'800 resistance. For him bitcoin won't be bullish in March as there are a lot of resistances forming up. The just mentioned resistance trend line is usually broken on the 5th or 6th touch - we have 3 touches now. Also the 50days ma is pushing down. To get bullish we need a close above 11'300.
  4hourly: We are stuck at the 50 ma and fib line at 10'500. If we break 10'500 next resistance is 11'700 range. In total it is neutral leaning towards bearish.
• Hive account@haejin: He is looking for a breakout of the larger degree channel. That would confirm bullish pattern and that the bottom is in. The next price move is towards the barrier at 10'800
  
  
• Hive account@ew-and-patterns: His morning update count got invalidated already 3 hours later. The clean and neat wave structure seems to have disappeared. So the current move is either a very short wave C or a "shitty" looking wave A. So up or down - both is possible for him. He waits for further signals of the market.
  
  
• Hive account@lordoftruth: Bitcoin iSHS pattern seems to be still in progress. He expects another retest of 9.5-10k followed by an upside continuation above 10.5k to 10.75k. Bitcoin at 14'500 to 15'000 by end of March is still his call. Expected trading for today is between 9'500 support and 11'000 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: neutral
(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.