Regular daily update on BTC ta analysts opinions.
Own comment:
- The target for current impulse wave spreads out widely between the analysts. Ranging von below 14'000 to 16'500 we have all options.
- Regarding the following correction we have the major resistance at the area of 10'500 to 10'000.
- But in general the outlook stays bullish and the correction should be a minor one.
Analysts key statements:
- Tone: Weekly: nothing to conclude from that chart today. Can it lead into a bull trap? Yes but it won't show up before we break last fib line.
Daily: Even we are above all resistances we have to overcome the daily 9 - so we see a pull back. But he stays bullish due to the cup and handle and the the resistances which we have overcome. We could go back to the 10'000 but it could also be a very short correction. He would add to bullish position if price goes above swing high.
4hourly: Hasn't given us a new swing high and looks short term bearish. If it comes to the 50 MA it might be a buying opportunity. - @haejin: Most likely a correction has started which makes the blue arrow his primary count. In general the target stays the same.
- @ew-and-patterns: He sees his bullish count as confirmed. He is waiting for blue wave 2 to be completed so that no sellers are left. Than it will get interesting. He believes that we see the beginning of a new uptrend.
Morning update: White wave 3 could be in already that would mean we won't go to 14'000 before the blue wave 2 starts.
- @lordoftruth: He sees that the lows are getting higher and higher (Saturday at 10.8K, Sunday at 11.05K, Monday at 11.375K). In his opinion the low of today might be at 11.50K. A rejection at 11.791K would bring a small correction that lead to re-test 10.5K-10.7K range. Expected trading for today is between 10'700 and 12'800.
- @philakonecrypto: Still he has no steemit account access it seems but he is posting on youtube.
(5. March) He sees wave 5 in progress with a target of 12
'800 followed by a correction. See chart below.
Overall sentiment: bullish
(last: bullish)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 6. Mar | here |
| @haejin | 6. Mar | here |
| @ew-and-patterns | 6. Mar | here |
| @lordoftruth | 6. Mar | here |
| @philakonecrypto | 5.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).
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.
these summaries are awesome, great idea
Cool charts!!! You see things that I do not see!
I would love to learn from you.
I will be keeping an eye on your post from now on!
I want to be about to trade my current cyptos for future profits! :)
Your post always gives us detail information about Bitcoin & its current situation. After reading your post any one can make decisions by their own. Thank you so much for taking the time to post this information, it will help a lots of steemians to make decision.So keep up the good work for all of us.
thanks for the information..
Regard@syafriadi.
Vote back
Thanks for your informative daily update! And the German range von bellow to above ;-) Cheers!
I really like those summaries you do.
thanks for sharing updated information.....
@famunger
great work very informative blog
Thank you for the summary. For me it is always useful to see where these very different analysts converge and diverge in their opinions. That gives either confirmation or more food for thought!! Thanks =)
oh my good, yes yes. :)
Very nice to see it laid out this way. Insightful. I do believe it'll rise in the future although it has been a while since it pulled back by more than half. It'll have its day once more and then some. I think down the road people will look back on the these prices and wish they'd bought a lil' bit just like when it was under $1K.
Overall things are still in the bulls court - we are above all moving averages, if we manage to hold the 11k it will be a very good sign also.
Today I saw something interesting - A double top formation may be developing, I wrote a detailed article on it. I would be very glad if you can check it out HERE and give me some feedback on it.
Good job! Valuable analysis :)
great! thanks @lichtblick and @flipstar for this resteem. also!
Thanks a lot for these analysis :)