Regular daily update on BTC ta analysts opinions.
Own comment:
We managed to get above the resistance cluster. We is very bullish.
A cup and handle is completed and should bring us up (16'000)
The iSHS is in progress - we need to go up to 12'200 to complete the pattern.
I am in the process of enhancing the overview. I plan to add three more analysts (@salahuddin2004, @cryptopassion, @passion-ground) and I am working on a weekly report (one day, probably Sunday with a different setup). To do that I need to monitor them for a view days to catch up with their thought process.
Analysts key statements:
- Tone: Weekly candle will close in 36 hours. He wants to close the candle at the top. It would be great if next weeks candle trades above this weeks candle.
Daily: If we can close and make another swing high (above 12'250) the cup and handle is complete and the target becomes 16'000. (my comment: close was at 12'450ish). There is no resistance until 13'000. The only thing we holds us back is that we are at a 6 of 9 - Monday or Tuesday there will be most likely a correction. We are above the 5 resistance lines.
4 hourly: Looks bullish
In general he stick with his analysis from yesterday and is waiting for more resistances to be tackled and the cup and handle to be completed.
Daily: Two resistances knocked down. He would like to see the close today above at least another resistance (11'100). Also the cup and handle is in play - that would be completed as well and set us up for a nice break out.
4 hourly: turned red at new swing high but trades against the daily which makes it a risky trade.
- @haejin: He sees an upwards pointing wedge which signal a minor correction. The question is how much. The wave 1-5 seems to be completed. If we break down it is no need for alarm as every uptrend comes with corrections (wave 2 and 4).
- @ew-and-patterns: - no new update -
Today he has an update about long term perspective of bitcoin. If 20k was cycle wave 1 and 6k cycle wave 2 we could see this year BTC reaching 120'000.
- @lordoftruth: We will most likely hit the 11'750 and move to 12'200 on Monday. If we are rejected by 11'750 we are retesting 10'000-10'500 area before rising again. Expected trading for today is between 10'500 and 12'200.
- @philakonecrypto:- no new update - hacked again? -
If we move over 11'200 than next level is 11'788. Possible way up is shown in chart below.
Overall sentiment: bullish
(last: bullish)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 3. Mar | here |
| @haejin | 4. Mar | here |
| @ew-and-patterns | 3. Mar | here |
| @lordoftruth | 4. Mar | here |
| @philakonecrypto | 2.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 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.
@philakonecrypto has lost his Steemit account but posted a new TA on YouTube. He asked us to let you know so you could update your report with his latest information. Thanks as always for this wonderful summary.
Ok great - thanks for the information - will consider that today!
I am new in steemit so this will help me a lot. Your post always gives us detail information about Bitcoin & its current situation. After reading your post any one can make decisions by their own. Thank you so much for taking the time to post this information, it will help a lots of people to make decision.So keep up the good work for all of us.
Hi,
I have a question about this sentence:
'The only thing we holds us back is that we are at a 6 of 9 - ...'
On internet I could find that this is about the counting bar cycles right? But I wasn't able to find a good tutorial about this.
Do you have a link to a site or something else for more information?
Thank you in advance.
Serkan Serin
It is a system of trading called TD Sequential. You can find more at his website Liberty Life Trail (http://www.libertylifetrail.com/education/learntrading/)
Yes correct - that is the best one - from Tone himself. Mayne I should add that link in my comments!
Perfect, thank you.
Finally, hope is returning and things are picking up in the Crypto world once again. Yes! I can't wait! Thanks for this well explained update
@eurogee
Hello Mr @famunger,
that is some very nice analysis about bitcoin.I am very new to steemit( and finally getting an account), and I have benefited from this post, as I learn more about BTC!We are liked minded individual as I intend to create educational content on cryptocurrencies on here as well. I have made a bot to crawl the internet for crypto related news, and analyse them using big data analytics on my site. I hope to provide another angle as to how people view the crypto market, and also help people make better decisions in their trades. I feel that I have learnt a lot from your posts! Thanks for doing what u are doing =)
Agree with your wave 3 target.
This is my short term count of that wave 3 of your chart
ok, ich bin heute das erste Mal auf Sie gestoßen. Es ist sehr interessant zu lesen wie die leute hier versuchen Sie zu schlecken, wahrscheinlich nur wegen Ihre Wallet. Wer kann der kann ! schönen Tag noch.
AWESOME to hear you'll be enhancing this report! Keep it up, much likes :D
I so appreciate the shout-out @famunger! I'm so hoping that I meet your personal criteria and your audiences criteria insofar as an "objective" analyst is concerned. Though a tad late, here is my weekly update - I hope it adds some level of value... Thanks, brother! https://steemit.com/btc/@passion-ground/btc-45-minutes-of-truth-elliott-wave-price-targets-and-chart-patterns-plus-a-fresh-chart-cast-video-overview
Thank you for posting. I very much liked your first post with the great long term outlook and now the weekly update. So I am pretty sure that adds another perspective to that overview and therefore value for the readers!
Thank you @famunger, I'm hoping so too!
Have I said or done something wrong? Seem's that I've fallen out of favor with you in the last week. I sure hope that's not the case as I do very much value your friendship and the efforts you set forth for the community. Thanks, brother - peace!
I also suggest to review my blog and consider if you can add me also on your TA analysts list.
Anyway, I'll be glad to hear your opinion about my work on TA field. Discussion always bring up good ideas.
Be good :-) B-) !!
p.s. my last alanysis @.