Bitcoin TA - summary of analysts - 31. Mar 18

in bitcoin •  7 years ago 

Regular daily update on BTC ta analysts opinions.

Bildschirmfoto 2018-03-11 um 11.14.53.png

My summary - short-term sentiment: slightly bearish (last: slightly bearish)

bears.jpeg

  • Analysts activity is reduced due to easter holidays.
  • Chart doesn't look better - no strong bullish rebound which makes it for me unlikely that we are at any reversal point yet.
  • Tone is talking about real crash scenarios (1'300-5'000) but @lordoftruth and @haejin see that we are close to a reversal (above 6'000). Time will tell.

News about the blog

  • I am traveling at the moment. Expect the timing of the overview to vary in that time frame.

Analysts key statements:

Tone:

  • Weekly: Weekly is very bearish. Only good news is that we touch the 50 MA and might bounce here to 7'500 before going down further. But the week is on 3 so up to 6 more bearish weeks before we get a 9.
  • Daily: Is on a 7 of 9 - He expects that we are consolidate into the 6'000 to 6'500 range in the next couple of weeks before going another time down significantly.

@haejin:

He sees that current drop was a bull wick. He thinks we might go below the trend line for a couple of days and than get back up. He stays bullish
Bildschirmfoto 2018-03-31 um 12.12.42.png
He is seeing two scenarios for the future as shown in chart below.
Bildschirmfoto 2018-03-31 um 12.15.25.png

@ew-and-patterns:

nonews.jpg
He sees a short term Zig Zag EW pattern forming. If we see lot of upward movement than it could be also wave 3 (yellow). but he warns - this seems to be the calm before the storm. Either we drop to a market cap of 130B or if that is wave 3 the next month are going to be great again.
Bildschirmfoto 2018-03-28 um 14.00.12.png

@lordoftruth:

Death cross forming which is bearish signal. So it is to early to call a bullish reversal.
Todays trend is slightly bearish. Expected trading for today is between 6'500 and 7'490.

@philakonesteemit:

nonews.jpg
BTC test major trend line support which is established for month now. The range of 7'500 - 7'700 needs to hold. If we break below he is expecting us to retest 6'000. If support holds he sees a rally up.
Bildschirmfoto 2018-03-28 um 14.18.50.png

@passion-ground:

nonews.jpg
He presents us today an alternate count of a 13 month bear market. That ist represented in his monthly chart - see below.
For the short term he sees us testing 7'297.
Bildschirmfoto 2018-03-28 um 14.25.09.png

Summary of targets/support/resistance

Bildschirmfoto 2018-03-31 um 12.40.32.png

Bildschirmfoto 2018-03-24 um 17.10.52.png

Reference table

analystlatest content datelink to content for details
Tone Vays30. Marhere
@haejin31. Marhere
@ew-and-patterns27. Marhere
@lordoftruth31. Marhere
@philakonesteemit28. Marhere
@passion-ground28. Marhere

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:

*If you like me to add other analysts or add information please let me know in the comments.

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wow you've writen so well. Thanks for your this kind of post. I will like to say to well done and great job keep it up.
Now market was too much slow i hope it will be fixed asap!

thank you for sharing info about his friend bitcoin yes. and success always make you friends yes. and please help me once my good friend yes @famunger