Regular daily update on BTC ta analysts opinions.
My summary - sentiment: neutral (last: neutral)
- Always for a surprise - we bounced back significantly. Now the question is will there be a nice follow up candle?
- Analysts lean back to bullish but I keep overall to neutral as all are waiting for confirmation.
News about the blog
- None
Analysts key statements:
Tone:
- Weekly: He would like to stay us green (above 10'420) this week which could set us up for bullish momentum next week.
- Daily: We bounced yesterday great but he needs more confirmation. He wants the 2 to trade above the 1 (tomorrow) and above the 50 MA.
- 4hourly: looks also bullish but comes now to a certain resistances. He would wait here also for more signals.
@haejin:
He sees ABC correction completed and expects another impulse to the upside. Target is 12'000 while 11'800 being a major resistance. He sees us moving in an ascending right triangle and expects us to break it to the upside.
@ew-and-patterns:
He is still bullish from his counts and gives us three alternate counts (two thereof bullish). But his gut feeling tells him that more "pain" to come.
One is basically that the iSHS pattern completed the right shoulder and we move upwards from here.
Second we see another wave C bringing us to around 6'500 before moving up.
Third most bearish option: WXYXZ correction where Z is to come and brings us down to 3'700.
@lordoftruth:
He believes that the bottom at 8'400 is retested again due to mixed signals (EMA50, MACD, RSI, Stochastic).
Expected trading for today is between 8'600 and 10'200.
@philakonecrypto:
Positive that we closed the week over 9'500.
He expects us to correct to 0.382 fib at 9'220 as another impulse up is unlikely.
His mid-term outlook is bullish and he sees us getting back up to 11'200
@passion-ground:
He sees the current correction might be over but would love to see us hit the price target of 7'250 and confirm the lower trend channel support. From there we could start an impulse wave up.
I very much like his charts - takes some time to get into it but than they are just great.
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 12. Mar | here |
| @haejin | 12. Mar | here |
| @ew-and-patterns | 11. Mar | here |
| @lordoftruth | 12. Mar | here |
| @philakonecrypto | 11. Mar | here |
| @passion-ground | 11. 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 @philakonecrypto: Like in every post you find links to his amazing educational videos. For example here
- From @lordoftruth: Fibonacci Retracement
- From @haejin: Elliott Wave Counting Tutorial
If you like me to add other analysts or add information please let me know in the comments.
Thank you for covering my analysis still Chris! I'm back! On a new steemit
Cool, I see you added another TA analyst!
Btw, have you seen the chat Ivan on Tech had with Tone Vays? Quite interesting :-)
Keep up the updates!
No I didn't. Thanks for bringing it to my attention. Tone is doing so much at the moment it is hard to keep up.
True, really spreading the Bitcoin maximalist thoughts. Sometimes a bit extreme for my taste though, but he has some valid points.
I like that you have finally added passion ground. His charts are great. Another good one is TradeDevil on YouTube. He provides an Bitcoin update every Friday.
woaww!!!!
Most significant support mentioned by the analysts. Breached a significant move is expected.while it is moved to upside,raising demand tool is expecting and that's all...
@upvoted @resteem
glad to see you added @passionground. thanks
I totally love the fact that @passion-ground has more than one scenario depicted on his chart. I know the other analysts work with several scenarios as well, but only one appears on the charts that end up posted on your roundup.
i am sure it will grow again soon. But maybe a bit more getting down the next days before it will start to grow nicely again. Lets see as well with the SBD when it will grow again, maybe we have soon as well there a new deep before it grow again. Time will tell us :-) thank you for the great report @famunger :-)
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