Regular daily update on BTC ta analysts opinions.
Own comment:
- Only @lordoftruth is bullish seeing the second shoulder is in and we are going up now.
-All other analysts are bearish seeing bitcoin between 9'000 and 8'000 soon.
Analysts key statements:
- Tone: He comments the iSHS several other analysts see. He thinks that pattern is to early to be called. If bitcoin is back at the neckline that would be the right time to talk about it.
Weekly is officially neutral (candle stick gave a reversal - downtrend and number count bearish).
Daily looks ugly. Reversal candle at the rejection of the triple resistance. We are on a 5 of nine which means likely 4 more bearish days to come.
4hourly - we are blow the 200ma - the 50 ma has totally flipped (down). We look like we will go down to new swing lows. Next decent support is fib line at 8'900 expecting a bounce from that area. From there at least to 9'500. - @haejin: Neckline is breached. Next move for btc is 1 through 5 subwaves of wave C. Target about 7'670. Alternate counts are the wedge pattern and the larger iSHS which is still in play. He will monitor both closely.
- @ew-and-patterns: He sees all bullish scenarios to get invalidated. The last bullish scenario he can is the one in the chart below. That would lead to 8'000 before rising again. If that one is invalidated he sees new lower low for bitcoin at around 2'500.
- @lordoftruth: Hit the the target - bullseye. He bought back in and is expecting that the right shoulder has formed and the game is back in the bull court pushing bitcoin towards 14.5-15k. Expected trading for today is between 8'700 support and 10'700 resistance.
- @philakonecrypto: -no new update today - he got hacked and therefore has troubles posting -
Signals are mixed. He sees major resistance at 10'130. He sees a channel (on the 15 min chart) and a possible move up to the upper barrier line. General he waits for new signals from the market for a confirmation of mid term trend.
Overall sentiment: bearish
(last: bearish)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 25. Feb | here |
| @haejin | 25. Feb | here |
| @ew-and-patterns | 25. Feb | here |
| @lordoftruth | 25. Feb | here |
| @philakonecrypto | 23. 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.
thank you for the information
@lordoftruth & @salahuddin2004 are best because they are predicting market well.Great analysis from both of them.Both are bullish on bitcoin today.Upvoted keep posting
Hey @aaronnn47 we meet again
Interesting update again @famunger :-)
I'm curious about one thing and maybe you know more about it. TAs on crypto are almost all done on the BTC-USD pair. Since a lot of the volume in the market also comes from other fiat currencies as well (KRW or JPY), wouldn't it be interesting to see whether TAs on those BTC pairs would actually be more accurate? Especially in the bullish times, most volume is not in USD.
Do you know whether any comparisons have been made between accuracy of TAs based on different fiat pairs?
Useful and informative post thank you dear friend @famunger
upvoted & comment & Restteeem
Thanks for your post! Keep up the great work.
@famunger I believe we are testing an important support right now, around $ 9,300 - $9,600.
I am with @lordoftruth because the volume is falling in this bearish moviment and we have other tools showing a possible recovery.
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great post, as always. i´m still on the sideline waiting to test the lows
Useful and informative post thank you dear friend @famunger
upvoted & comment & Restteeem
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All I will say is:
Bitcoin can't go lower than $5,000.
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