Regular daily update on BTC ta analysts opinions.
Own comment:
- I decided to change overall sentiment to bullish as 3 analysts are bullish and 2 neutral.
- BTC is fighting with the 10'000 resistance. A pullback in the range of 9'000 is expected followed by another bullish move up with breaking 10'000 is the most common perspective.
Analysts key statements:
- Tone: He thinks 10'000 will be a big resistance and got proofen right. 4hour chart hit a 9 and pulled back (9'470). The pull back however was not as strong as he thought. Daily is where the 10'000 resistance is very clear. You have a 2 candle (green) which would indicate further bullish move. But due to one color flip the count might be that we are on an 8 with a 9 coming tomorrow which might lead to a correction.
- @haejin: Sees us correcting towards 9'200 before moving up to 11'300.
On a bigger picture he sees another iSHS forming. If that one is confirmed we are moving towards 18'000.
- @ew-and-patterns: -no new update until now- but he reached 3'000 follower milestone - congratulations!
Price moves up as expected. He sees 10'000 and than a small correction before going up further.
- @lordoftruth: Expected trading for today 8'600 - 11'500. Short term bullish outlook expecting bitcoin to breach the 10'700 barrier and moving upwards to 11'500 and 12'600. But 10'700 needs to be watched carefully.
- @philakonecrypto: He hit the 9'750 to 10'000 perfectly. BTC wasn't able to breach 10'000-10'500 resistance. Bearish signs forming up. Support range for correction is 9'500-9'750 and than 8'740-9'074. He is bearish for a timeframe of 1 week.
Overall sentiment: bullish
(last: mixed)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 15. Feb | here |
| @haejin | 16. Feb | here |
| @ew-and-patterns | 15. Feb | here |
| @lordoftruth | 16. Feb | here |
| @philakonecrypto | 16. 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.
My apologies. Next week, I meant to say "bullish bias." I simply forgot to change it. I'd appreciate the change next video.
Great post as always.
I've told you before
Your post is very good indeed
@mamaathiyya
nice post
you sharing new updates of analysis.... i impressed to see this news... impresive...
I really like these posts. It's nice having all this information consolidated in one place, so we can get a better overall picture of sentiment. Thanks for making these.
Nice! I notice that the market starts to become bullish as well. All Telegram & Whatsapp groups suddenly become more active again :-P
What I thought of yesterday is that the $10,000 resistance appears in parallel with the €8.000 resistance. So that makes it psychologically even more challenging en therefore is kind of a hard one to crack. What do you think?
I don't consider myself an TA expert but I agree - I think this time (not like the first time we went up) 10'000 will be a significant resistance and I think that is good. That I learned from Tone: It is good if BTC stays a while at those resistance zone before breaching them. That makes them a much more reliable support after we are through. So I am happy staying here for a while.
Good point Tone is making and I think that is really true.
Would be interesting to see once we significantly go above that $10,000 resistance if we'll ever go below it again ;-)
If you look at @passion-ground - who I respect a lot - long term chart we will. But I am not sure if his model factors in a possible mass adoption scenario. But who know - maybe mass adoptions comes after that low and it is needed to end speculation.
https://steemit.com/btc/@passion-ground/btc-elliott-wave-price-targets-and-chart-patterns-plus-a-chart-cast-video-overview
Thanks for sharing that one, I will take a look :-)
Appreciate your summaries!! Let’s encourage passion-ground to provide his thoughts too on a periodic basis. That would be great.