Bitcoin Market Sentiment on 2018-06-23

in bitcoin •  6 years ago  (edited)

Steemit Header 2018-06-23.png

Aloha!

In the crypto market (actually in all markets as you all know, but I’m only interested in crypto) there are two major forces that move the market – the bulls and the bears. That’s why you often hear of the market being bullish or bearish.

As of 11 July, 2018 we are IMHO “officially” in a bear market. Some might argue “we’re bearish since the Death Cross happened”, others might say “Hell no, actually, since *insert your date here*”, etc.
As a matter of fact, July 11 is a date I decided to write this post, and it just happened that the weekly candle closed below 50MA (two weeks in a row).

Whatever.

I’m not here to point out who’s wrong or right, who’s a good or bad Technical Analyst (aka TA).
No one’s always right 100%. Nobody on the list below is a psychic or has a crystal ball (that being said, if there’s a psychic among you who predicts the future and do other awesome stuffs – please contact me ASAP. I want to be your friend 😆).

My goal here is to gauge the current crypto sentiment by following TAs tweets/comments (+ some other sources) and provide data on it. All the information here is for educational purposes only! These numbers aren’t buy/sell signals! Therefore, everything I write here is not financial advice! Please DYOR, trade responsibly and consider your investment decisions carefully!

Some things I’d like to add:

  1. Sure, I could add the detailed analysis done by TAs, but I think many of you will be in "TL;DR" mode instead.
  2. These are just Technical Analysts that I know of. Of course, there are more of them on Twitter / Youtube. Feel free to suggest any other TAs. I’ll review them and maybe post their targets/comments next time.
  3. Some TAs don’t post Bitcoin charts often, so I will probably add or remove some names.
  4. Comment below if you find any mistakes (for example, incorrect info or typos).
  5. If you have any ideas on how to improve the list and make it more interesting – please let me know!
  6. Just in case:
    • T1 means Target #1;
    • T2 = Target #2;
    • T3 = Target #3;
    • ST = Short Term;
    • MT = Medium Term;
    • LT = Long Term;
    • 1SAAT = One Step At A Time. Just means that Bitcoin price prediction is short term only.
    • The information in round brackets is @cryptocoq’s notes.
    • Please keep in mind that ST/MT/LT are all relative terms. Every TA has their own time frame definition. For some people ST can be a few days but for others it can be two weeks, etc.

Enjoy and if you like it, please share and spread the love!

See you on the moon! 🚀🌙


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Update date
Analyst (in no particular order)
Sentiment
Target
Reference
Comment
2018-06-23
LisaNEdwards
bearish
~$6200 → $5200
Tweet
“I believe we are looking for a $5200 target, maybe lower to $4888.70 D4rkEnergY target with stop loss annihilation...”
2018-06-23
Tradingroomapp
bearish
a bounce to $6300 → $59XX
Tweet
80% probability to hold $4500 +/- 10% as very strong support
2018-06-23
Tone Vays
bearish
a bounce to max. $6300 → down
Youtube
(MT/LT target is still $4975)
2018-06-23
CryptoChoe
bearish
$6000-$6200 → $5700-$5530 area
Steemit
Today Bias: Bearish, Next Week Bias: Bearish, Next Month Bias: Neutral
2018-06-23
CryptoBirb
bearish
rejection of $6250
Tweet
Final bottom = $4500-3440 area
2018-06-23
Miss Wendy O
bearish
a bounce at ~$5700
Tweet
Expect consolidation this weekend between ~6100-6800
2018-06-23
Sasa
bearish
$6300-$6400 → to new low
Tweet
Not very good what I see on all time frame charts
2018-06-23
SmartContracter
bearish
~$6200-6300 → $5500-$5600
Tweet
I’m calling a bottom at exactly 3.2k with a 200 dollar leeway either side
2018-06-23
Swade
bearish
$6300 → $5600-$5450 area
Tweet
Tweet
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Its been rough but honestly once we start getting some good news in here I have a feeling it wont take much to push the market to all new highs. Just the fact that we are hold 6k which is leaps and bounds over where we where just last year at $800 is a huge amazing accomplishment.

Thank you for including me in this amazing list.

Thank you for the amazing TA Wendy!

@cryptocoq, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Thank you in advance!