Regular daily update on BTC ta analysts opinions.
Own comment:
- We are above the 11'000 and bitcoin seems to become bullish.
- All have bullish target now. The inverted SHS pattern and a cup and handle as bullish patterns become very much discussed. If one of those becomes reality we should be able to leave the current downtrend behind us once and for all.
Analysts key statements:
- Tone: Weekly: is looking good now. Still price flip. On Sunday we look for closing above fib line (9'900), close at the weekly high, not to close above 11'500 (so that next week can easily trade above this week). Next bullish sign would be we break 12'200.
Daily: The 5 level of resistance (50 ma, trend line, 128ma, setup trend line, fib line). The first two are done - 3 more to go. He likes to get stucked at the last resistance line (11'300) to overcome it on Monday and go up all the way to 12'000. Than a cup and handle would form with a target at 16'000.
4 hourly: looks bullish. We are at a 6 with 3 more to go. - @haejin: He sees that upper trend line is breached decisively. We are looking at the start of another bull run. Next target is 11'559 to complete right shoulder of iSHS pattern. After that pattern is confirmed next target is 17'655.
- @ew-and-patterns: He see an iSHS forming. Minimum target to break neckline is at 12'000. If confirmed the pattern would move us significantly above the downtrend - probably up to 20'000.
- @lordoftruth: Price moved up as expected and close above SMA50 days. Also MACD got above the 0 line. Bullish move will go towards the 12'000 to complete the iSHS. After that we are moving the fib lines up till we reach the 15'000 by end of march. Expected trading for today is between 10'500 and 12'000.
- @philakonecrypto: If we move over 11'200 than next level is 11'788. Possible way up is shown in chart below.
Overall sentiment: bullish
(last: neutral)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 2. Mar | here |
| @haejin | 2. Mar | here |
| @ew-and-patterns | 2. Mar | here |
| @lordoftruth | 2. Mar | here |
| @philakonecrypto | 2.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 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 mostly have time to follow my favorite traders but when i don't, your post comes to the rescue, thanks.
Interesting that everyone of them is bullish yet I am more towards the bearish side... although still not enough confirmation of which direction we are heading in yet (imo).
This looks good to go in the direction of my $20k target for 2018. But well there are still 10 months to get there. Although bitcoin could do it within 10 days 😁😂
3-0.01
Thanks for your your great updates. As much as i would love bitcoin to become more bullish again, I think it def needs more volume. Hopefully bulls can fight hard.
Overall volume (as per CMC) seems to be slowly picking up for the last 2.5 days. I believe that with every new resistance that is broken, more bull money will pour in and we will get a snowball effect.
This is a good post, followed you so keep them coming.
My friend transfer $1000 to me since yesterday but im yet to received that in my wallet , what can i do and is it takes time to deliver
Thanks for great post..i appreciate this cryptocurrency...
heute nach dem Farbenfest habe ich auch kurz auf den Kurs geschaut und habe mit Freude gesehen dass es wieder leicht steigt. Danke für deinen guten Bericht lieber @famunger
hi and once again thx for the sum up. a simple question. when does the daily close? since BTC is 24x7 at which place we mark the end and start of a new day? thx and keep up the good work