Bitcoin TA - summary of analysts - 22. Mar 18

in #bitcoin7 years ago

Regular daily update on BTC ta analysts opinions.

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My summary - short-term sentiment: slightly bullish (last: slightly bearish)

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  • Today we got only three updates.
  • I general we have no news. Bitcoin is expected to go up - at the moment we are stuck and may correct to 8'600+ before moving up.
  • Unchanged: Still we need to clear 10'000 downtrend and the previous high of 12'000 to confirm a full blown turn around.

News about the blog

  • I added a second "support" column in the overview table. It make sense to track that information as well like for the resistance areas. Idea from @passion-ground
  • I will be traveling again starting Saturday for two weeks. Expect the timing of the overview to vary in that time frame.

Analysts key statements:

Tone:

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  • Weekly: Price is back above 9'000 which is good. But still he sees it neutral.
  • Daily: If we would have close below 7'500 he would have been very bearish. We are now going up very quickly which will delay the death cross (50 / 200 MA). That may lead to update his arrows. We need to break 50 MA which is very important. It still all be a dead cat bounce.
  • 4hourly: Is flattening out setting up the environment for another move up towards the 200 MA (4 hourly).

@haejin:

He sees another iSHS pattern forming. We are working on the right shoulder. A correction towards 8'500 would be expected here (as mentioned yesterday). If that pattern is confirmed 12'218 is target. MACD is close to a cross - further upside is needed for that - which produces a buy signal.
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@ew-and-patterns:

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He presents an alternate count for awareness reasons. That one has a target for correction wave C of 4'000.
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@lordoftruth:

Bitcoin stuck between 8'600 and 9'260. We need to clear this zone to move further up to 10'150. Several indicators give bearish signs why he is believing a quick pullback towards 8'700.
Todays trend is bullish. Expected trading for today is between 8'200 and 10'200.

@philakonesteemit:

He sees resistance between 9'000 and 9'100. If we break above next target is 9'350. If we break below channel support of 8'900 we go down to 8'600-8'750 level. He neutral about those scenarios.
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@passion-ground:

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He sees current move off 7325 as solid. Next resistance to hi is at 9'090. The corrective downward move from 8'718 was rather shallow which is a bullish sign supporting the current momentum. He sees the move up towards 10'400 range. His target and support/resistance remain unchanged.
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Summary of targets/support/resistance

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Reference table

analystlatest content datelink to content for details
Tone Vays21. Marhere
@haejin22. Marhere
@ew-and-patterns18. Marhere
@lordoftruth22. Marhere
@philakonesteemit22. Marhere
@passion-ground21 Marhere

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:

*If you like me to add other analysts or add information please let me know in the comments.

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eveybody turs bullish now

The overview gets better and better, nice to see you're tweaking it :-)

BTW, where will you travel to in the coming two weeks? Somewhere sunny and warm?

Thanks - I try my best but there is more to come. I never stop having ideas how to improve ;-)

We are travel to turkey so yes it should be sunny and warm (I hope). We had enough cold and snow here in Switzerland - in fact a few days ago it was snowing like crazy.

Hahaha, I recognise that feeling and way of thinking ;-) Can't sit still either.

Nice, Turkey should indeed be much warmer. Especially end of next week it looks good with a lot of sun and at least 15 degrees Celcius! Enjoy :-)

Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it

The writers like you need the steemit community. By doing so you can succeed in providing us very good information. I am proud that I am part of this society. I read every article you need. And indeed I responded very much to you and your articles.

interesting idea to share this guys sum up in one post :)

Thanks - good to hear that you like it. If you feel that this might be value also for other steemit user consider a resteem - that would help me bring value to a greater community.
Just saw that you are providing daily crypto news - interesting. Just reading through your blog ...

Great analysis @famunger........
upvote done...thanks for sharing.....

Thanks for sharing

Stop promoting @haejin's TA & don't follow his TA. His every TA is shit. A healthy man can not do 10 analysis per day.

Why do you think anyone listen to women what its about money?