Regular daily update on BTC ta analysts opinions.
My summary - short-term sentiment: slightly bearish (last: slightly bearish)
- 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
He is seeing two scenarios for the future as shown in chart below.
@ew-and-patterns:
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.
@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:
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.
@passion-ground:
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.
Summary of targets/support/resistance
Reference table
analyst | latest content date | link to content for details |
---|---|---|
Tone Vays | 30. Mar | here |
@haejin | 31. Mar | here |
@ew-and-patterns | 27. Mar | here |
@lordoftruth | 31. Mar | here |
@philakonesteemit | 28. Mar | here |
@passion-ground | 28. 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.
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit