Bitcoin TA - summary of analysts - 17. Feb 18

in #cryptocurrency7 years ago

Regular daily update on BTC ta analysts opinions.

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Own comment:

  • I am traveling again so that is why the timing of the updates will be a bit off. But I try to keep you daily informed as long as we are not in stable waters at least.
  • Overall it seems that the "bottom" at 6'000ish gets more and more confirmed and we gain more and more bullish momentum. However pullbacks are expected on the way up.
  • I turned @philakonecrypto bullish according to his last reviews. I have to double check with him if he is now convinced that the bottom is "in".

Analysts key statements:

  • Tone: On the weekly he very much liked the current week candle. the significant large candle after the last week reverse candle confirms bullish momentum. Although to get green we need to close above 11'558 this week (tomorrow). Daily - the possible "9" (see comment yesterday) seems of the table and the current count seems legitimate. At 11'000 - 11'300 he sees another big resistance - MA50, fibonacci and another resistance line coming here together.

  • @haejin: The higher degree iSHS is forming. The right shoulder needs to be completed - perhaps in the next days. The target of wave 3 of V is raised to 11'466. The MACD shows also signs of strength. The 9 is in positive territory and he expects the 12 to follow.

  • @ew-and-patterns: Bitcoin took the more bullish path. See updated count in chart (I love the clarity in those) giving us a target around 11'100 for tomorrow. He sees that also as confirmation that the final low is in - the chance of bitcoin making another low he sees only at 15%.
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  • @lordoftruth: Expected trading for today 9'000 - 12'000. Short term bullish outlook expecting bitcoin to breach the 10'700 which still needs to monitored carefully. Most likely target for today 11'500.

  • @philakonecrypto: If 10'500 resistance is broken we go up to 10'750-11'200. Another correction should follow after targets are hit. His chart is also very interesting and with lot of information - I love it so I like to share it with you directly.
    Bildschirmfoto 2018-02-17 um 23.05.59.png

Overall sentiment: bullish
(last: bullish)
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Reference table

analystlatest content datelink to content for details
Tone Vays17. Febhere
@haejin17. Febhere
@ew-and-patterns17. Feb[here]https://steemit.com/btc/@ew-and-patterns/btc-update-17-02-18)
@lordoftruth17. Febhere
@philakonecrypto17. Febhere

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.

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This is a Good sign they All agree on the bottom price except Ton Vays but that’s normal.

Thanks for sharing this @famunger, it's great to see this series having evolved over the past few weeks.

It has really come on, and I am happy to support it as much as I can. I would appreciate your support on my work, I am really trying to help the community as much as I can and all support helps.

daily check of crypto starts with these posts...keep them coming (and maybe add some ETH reviews? just saying)

ETH review for the coming week looking very bullish, breakout will happen between monday even and tuesday morning :)

https://steemit.com/cryptocurrencies/@cryptobroye/ethereum-eth-technical-analysis-bullish-triangle-forming-eta-to-breakout-1-2-days

Thank you!

Interesting post here, bringing multiple analysts together and squeezing them into one easy to digest article is a brilliant idea!

I do daily analysis myself and I'm an avid investor in Crypto's, and in the past Equities and Forex.

I tend to keep things simple, using price action and bare chart analysis and volume.

I see many massively complex, complicated and unnecessary TA's that look awesome, but don't work for investors. I've always found simplicity is key.

Check out @cryptobroye and see what you think :)

Great job , obliged 😊

Philakone, YOUR THE BEST!!!!!!!!!

I am learning sooo much. Thank you "Master of Elliott Wave Crypto!"

I am up to date with a upvote - to the max on all vids.

BLESS

Domenico

Lets moon btc .

This is great! I also watch most of these guys, but this post is a real time saver. Really well written and concise, keep it up. Thanks man!