Bitcoin TA - summary of analysts - 25. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Only Hive account@lordoftruth is bullish seeing the second shoulder is in and we are going up now.
  -All other analysts are bearish seeing bitcoin between 9'000 and 8'000 soon.

Analysts key statements:

• Tone: 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: Neckline is breached. Next move for btc is 1 through 5 subwaves of wave C. Target about 7'670. Alternate counts are the wedge pattern and the larger iSHS which is still in play. He will monitor both closely.
  
• Hive account@ew-and-patterns: He sees all bullish scenarios to get invalidated. The last bullish scenario he can is the one in the chart below. That would lead to 8'000 before rising again. If that one is invalidated he sees new lower low for bitcoin at around 2'500.
  
• Hive account@lordoftruth: Hit the the target - bullseye. He bought back in and is expecting that the right shoulder has formed and the game is back in the bull court pushing bitcoin towards 14.5-15k. 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.