Bitcoin TA - summary of analysts - 4. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Tone and @haejin still lean towards that we have found the bottom while @philakonecrypto, @ew-and-patterns and @lordotruth stay bearish seeing one last drop to bottom targets. In my opinion watching the videos the "Bottom" comes with much "hope" while the bears have clear arguments and a roadmap for another leg. We will see whom time will prove right.

Analysts key statements:

• Tone: Basically no news since yesterday. We still need to close the week above 9'600. He still is bullish. He looks for a "9" on Tuesday (TD Sequential). To get the "9" we would need to close below! 8'890 which means we are on thin ice as it can't close to low either (hope to stay above 8'500). If we revisit the 7'600 it will be very weak support and a very bearish sign. Things would get ugly again.
• @haejin: Sees inverse head and shoulder forming left should and head formed - right should in progress. This bullish patterns needs still to be confirmed by reaching neckline at 10'500
• @ew-and-patterns: Secondary patterns is invalidated. He sees that this can't be the bottom as it would violate wave rules. He sees a bounce towards 10k and than go down to 6k.
• @lordoftruth: He see another leg down towards 6'800 coming before mid of February. Trading between 6'800 and 9'400 expected.
• @philakonecrypto: Bullseye - he met his target (9'450) yesterday very precisely. We got rejected there (as expected) and go down. He is expecting we are in a bearish wick. That would mean we get back up to 9'600 and than go down to 8'800 -8'626 before moving up again testing 9'800 before going down to the final leg.

Overall sentiment: bearish
(last: bearish)

Reference table

analyst	latest content date	link to content for details
Tone Vays	4. Feb	here
@haejin	4. Feb	here
@ew-and-patterns	2. Feb	here
@lordoftruth	4. Feb	here
@philakonecrypto	4. 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.