Regular daily update on BTC ta analysts opinions.
**My summary - short-term sentiment: slightly bullish ** (last: neutral)
BTC shows strength still pull back is expected before moving further up.
April is used to be a good month for crypto. Lets see how this turns out this time.
News about the blog
I need to revise my 2018 long term table. I need to add a 2018 and 2019 target an be more precise on the sentiment here. Will do that after I am back in Switzerland.
We lunched the bounty project beta. If you are interested and you like to create a bounty on your own have a look at this post
Analysts key statements:
Tone:
- Weekly: Weekly looks good and could lead us into a bull market. He still thinks the low is not in.
- Daily: We broke another resistance (setup trend line). He is looking for the price to pull into another death cross (128, 200 MA). If 9 come there he will think about a short play. He think about going bullish only if we break something significant (12'000+) or we pull back and reverse than with significant confirmation.
@haejin:
He sees another fractal ongoing. He believes we see higher highs in Bitcoin.
He also sees an ascending right triangle which is an even more bullish sign. Target 9'600.
@ew-and-patterns:
He expects wave 5 to be completed soon followed by drop to 8'400 before going up again.
@lordoftruth:
Price failed to pull back as 5H expanded into a new bullish candle series. 1D displays stong resistance zone between 9'450 and 9'730. On 4h we look for reverse H&S pattern.
He expects move to 9'450-9'730 which will be April high.
Rejection and retracement to 7'300 - 7'640 (May Low).
Rise towards the potential target of H&S pattern at 10'170 - 10'400 - followed by 11'780 - 12'400 (June).
Todays trend is Slightly bullish. Expected trading for today is between 8'643 and 9'737.
@philakonesteemit:
Bullish scenario got confirmed. Possible further small wave up to come. See bull/bear scenarios below.
@passion-ground:
he secular trend is struggling like hell to remain bullish. The long-term trend (via the daily and weekly charts) are poised to reverse to the long side of the market come Monday.
Summary of targets/support/resistance
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 24. Apr | here |
| @haejin | 23. Apr | here |
| @ew-and-patterns | 24. Apr | here |
| @lordoftruth | 24. Apr | here |
| @philakonesteemit | 24. Apr | here |
| @passion-ground | 23. Apr | 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.
Thanks for sharing your daily cryptocurrency news update providing..... I appreciate this bitcoin. keep it up my dear friend......
I love Bitcoin...
just letting you know that your post is my daily crypto newspaper. Keep up the good job
Bitcoin price is bullish from now on until the end of the year with only weeks of pullbacks in between.
As for maybe potcoin is bullish as well because of it price correlation to BTC is so strong.
Bitcoin is great
i like it
For days and days I've been looking at @passion-ground 's secular chart and didn't get how the hell could we ever get back to prices in terms of hundreds of dollars.
Now I suddenly realized it's really simple: he set the Cycle wave 2 to come somewhere 2020-2022. After the price will have reached possibly the $100k's. While I do not believe one bit that cryptos are in a popping bubble now, I do believe that once mainstream money flows in and the market willl truly overheat (hundreds of trn's of $$ ) we WILL see a massive burst, similar to the dot-com or housing crash.
I STILL however think the log scale is bit too cruel, but once greedy IB money flows in, an eventual 95%+ correction is almost a given.
Precisa e interesante tu información, te felicito y muchas gracias por compartir con todos nosotros acerca de tus conocimientos sobre las criptomonedas como lo es bitcoin entre otras mas que están dentro del mercado saludos felicidades.
Accurate and interesting your information, I congratulate you and thank you very much for sharing with us all about your knowledge about cryptocurrencies as it is bitcoin among others that are within the market greetings congratulations.