Regular daily update on BTC ta analysts opinions.
Own comment:
- On this ship with limited internet connection (oh I start to appreciate fiber connection again) here the update. I hope I din't miss anything important as watching videos here is quite a challenge but I thinkg I muddled through.
- We have another bounce - another possible bottom logged in. Now we need to look for confirmation. What lightens up the mood is that in general all analysts are either seeing that the bottom is in or we are very close to it needing only one last low. So the overall best sentiment for weeks.
Analysts key statements:
- Tone: Weekly is bearish but the "hammer" candle (at the moment) looks promising. But still weekly is bearish and the hammer candle needs to be confirmed by a close this week and by a close next week above the hammer. So we are not out of the woods yet. On the daily chart we got a 9 which signals a changing trend. The high volume with a very quick rebounce (short time at bottom) looks worthy a bottom. The bounce got rejected yesterday by the 200MA (around 8'000). We need to get above that and close there. He is not clear about next targets or if that is the bottom.
- @haejin: To declare a bottom he is looking for three rounds of impulse (see picture). One more repeat of the fractal would be ideal though - that means one more low as it would bring the price closer to the apex.
- @ew-and-patterns: Two posts referenced. New count from yesterday and an observation today: Yesterdays volume was a high spike of buyers which could be an indication that bottom is in. But still he would prefer (count wise) another drop.
New count: He has perfectly hit the 6’000 target. Now his primary count is that we go one more time up to 8’000ish and than go down to the bottom at 4’800. After that we see a rise up. - @lordoftruth: He sticks to his bottom call at 5'847 so basically no news here. Crypto Bloodbath Killed the buyers in Dec 2017 and will kill the sellers in Feb 2018. He leans towards bullish seeing 8600 level around the middle of feb.
- @philakonecrypto: He sees also the two possible counts. One leading to that we saw the bottom. The other leave another wave to a lower low. He sees an ABC correction ongoing with price going to 6'800 going up to 8'700. If this is a 5 wave impulse it would be signaled by going over that price level.
Overall sentiment: slightly bearish
(last: bloodbath)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 7. Feb | here |
| @haejin | 7. Feb | here |
| @ew-and-patterns | 7. Feb | here and here |
| @lordoftruth | 7. Feb | here |
| @philakonecrypto | 7. 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.
i think the developing of populations in rich and poor countries is a big problem alone. While the rich countries stay quite stable, populations in many poor countries explode!
There will be no easy way to solve this - Cryptocurrency may help people in poor countries - But I don't think anyone has a clue of how to solve this.
On the one hand, nobody wants to give away too much power and/or money. On the other hand, you can't just watch it and wait till the total disaster is there (however that would look like).
Really tough future ahead of us.
The Sex Ed classes in grade 9, first year high school, were supposed to help people understand what they should be doing to stop the population from exploding. It is called personal accountability.
lol wut
nice post
you create a great information....and its a great post....i like it...i waiting for your next post....i wish for your best of luck brother
Full 100% and resteemed :-)
Best greetings from team @welovesteemit.
Nicely done brother
i like your analysis..
Good one again!
I'm excited in which direction it will get now!
Thanks for this report. I am bullish now. The bottom was found at 5900.
Greetings to @solenn !