Regular daily update on BTC ta analysts opinions.
Own comment:
- Today I am able to make the post on time. For the next week I am traveling (on a ship with my son) so timing of the summary will be difficult - most likely I will do the updates in the evening. It might be that I need to skip one but I try not to.
- I thought I don't need the "Bloodbath" picture anymore - but here it is. I have to say I get really worried and was yesterday evening and today in the morning like a dog got hit by a bullet ... I am really wondering if we enter a longer term bear market beside what our analysts say. My highlight is
who turned neutral / bullish seeing the bottom is in now.
Analysts key statements:
- Tone: Weekly is strong bearish for 4 more weeks. If we close below 4'100 before we get a "9" (in 4 weeks) than it get even more ugly. The daily gives another bearish day and for tomorrow a possible reversal. The only strong resistance now left is around 1'250 - 1'350 what he is not hoping for. A certain resistance is at 5'000-5'500.
: Was looking for a bottom at 7'000 (my comment: didn't hold already). Now BTC broke to the downside and is outside bollinger bands approaching 3 std deviation - that is not sustainable - mean reversion expected.
: no update today
He sees either a bounce towards 10k and than go down to 5'800 or we go directly to 5'800. Reaching that we have to verify if that is the bottom or if we even go lower to 4'800.
: He was very active on twitter trying to give permanent guidance for day trading and to ease the pain. (Thank you for that!) He now takes a sleep I guess and I couldn't find clear statements on the mid-term goals or the question of where is the bottom. But if you like he has a summary of the play he did (link in reference table).
Overall sentiment:bloodbath
(last: bearish)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 6. Feb | here |
| @haejin | 6. Feb | here |
| @ew-and-patterns | 5. Feb | here |
| @lordoftruth | 6. Feb | here |
| @philakonecrypto | 6. Feb | 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 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.