Bitcoin Market Sentiment on 2018-06-30

in #bitcoin6 years ago (edited)

Steemit Header 2018-06-30.png

Aloha!

In the crypto market (actually in all markets as you all know, but I’m only interested in crypto) there are two major forces that move the market – the bulls and the bears. That’s why you often hear of the market being bullish or bearish.

As of 11 July, 2018 we are IMHO “officially” in a bear market. Some might argue “we’re bearish since the Death Cross happened”, others might say “Hell no, actually, since *insert your date here*”, etc.
As a matter of fact, July 11 is a date I decided to write this post, and it just happened that the weekly candle closed below 50MA (two weeks in a row).

Whatever.

I’m not here to point out who’s wrong or right, who’s a good or bad Technical Analyst (aka TA).
No one’s always right 100%. Nobody on the list below is a psychic or has a crystal ball (that being said, if there’s a psychic among you who predicts the future and do other awesome stuffs – please contact me ASAP. I want to be your friend 😆).

My goal here is to gauge the current crypto sentiment by following TAs tweets/comments (+ some other sources) and provide data on it. All the information here is for educational purposes only! These numbers aren’t buy/sell signals! Therefore, everything I write here is not financial advice! Please DYOR, trade responsibly and consider your investment decisions carefully!

Some things I’d like to add:

  1. Sure, I could add the detailed analysis done by TAs, but I think many of you will be in "TL;DR" mode instead.
  2. These are just Technical Analysts that I know of. Of course, there are more of them on Twitter / Youtube. Feel free to suggest any other TAs. I’ll review them and maybe post their targets/comments next time.
  3. Some TAs don’t post Bitcoin charts often, so I will probably add or remove some names.
  4. Comment below if you find any mistakes (for example, incorrect info or typos).
  5. If you have any ideas on how to improve the list and make it more interesting – please let me know!
  6. Just in case:
    • T1 means Target #1;
    • T2 = Target #2;
    • T3 = Target #3;
    • ST = Short Term;
    • MT = Medium Term;
    • LT = Long Term;
    • 1SAAT = One Step At A Time. Just means that Bitcoin price prediction is short term only.
    • The information in round brackets is @cryptocoq’s notes.
    • Please keep in mind that ST/MT/LT are all relative terms. Every TA has their own time frame definition. For some people ST can be a few days but for others it can be two weeks, etc.

Enjoy and if you like it, please share and spread the love!

See you on the moon! 🚀🌙


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Update date
Analyst (in no particular order)
Sentiment
Target
Reference
Comment
2018-06-30
LisaNEdwards
bearish
~$6575 → ~$5200
Tweet
"Truncated wave will see $5600. But I believe we will head lower to $5200 (my target) or lower again to $4888.70 with stop loss annihilation"
2018-06-30
Tradingroomapp
bullish
T1: 6755

T2: 7080

T3: 7250

T4: 7450
Tweet
"$BTC ranging 5750-6750 until breakout"

"Downside to 5400 delayed until 50 Day/Week MA test"
2018-06-30
Tone Vays
bearish
$4975 in July
Youtube
“The vicinity of $1000 is the ultimate low”
2018-06-30
Morpheus
bullish
(ref. to comment)
Tweet
"A daily close above the 6.8 swing high would be great for bulls."

"If bulls keep pushing, mid to high 7ks would be reasonable"
2018-06-30
Credible Crypto
bearish
$6500-$6600 → ~$5200
Tweet
"5.2k = lowest possible before a larger bounce"
2018-06-30
Cryptonomic
bullish (for next month (July) also)
~$6600
Tweet
LT: "Bottom around 2k$" (but before that - a mini bull run up to ~$11810)
2018-06-30
Swade
2 counts
bearish: $6625 → ~$5225 / bullish: a bounce to $7767
Tweet
"Not going to ignore the bull scenario though"
2018-06-30
Waves618
MT: bullish

LT: bearish
MT/LT: ~8700 → ~$4300
Youtube
"The sentiment is certainly bearish. So wouldn't be surprised if it fell short of this ($8700) mark."
2018-06-25
Christopher Inks
bullish
Need to break $6600 before → $7900-$8000
TV
“There is a strong possibility that the spring begin with the move up from Sunday's (24th June) low”
2018-06-25
Crypto_Core
bullish
~$6974 → $5420-$5700
TV
“It is much more reasonable to assume the 78% fib will be our ending point” (78% fib = ~$4364)