Bitcoin TA - summary of analysts - 17. Mar 18

in #bitcoin7 years ago (edited)

Regular daily update on BTC ta analysts opinions.

Bildschirmfoto 2018-03-11 um 11.14.53.png

My summary - sentiment: bearish (last: bearish)

bears.jpeg

  • It seems we are really at the make or break point. Either we find strong support at the current trend line and bounce from here or we go down - way down. Next days will show the truth - I wouldn't wonder if you see a "bloodbath" picture soon again.

News about the blog

  • None

Analysts key statements:

Tone:

  • Weekly: He sees the 8-9'000 as very neutral giving no real sign.
  • Daily: We are working on a new lowest close except for 3 other days of the year where we were working on the bounce. Last support is at 7'600 support. The trend line is essential to hold.
    It all looks like we are getting ready for another significant drop which goes into the summer.

@haejin:

It is still not resolved if white or blue line is going to be confirmed but both ways will lead to the same destination. For the blue we need a breakout. The white would move us one more time down to break out more closely to the apex.
Bildschirmfoto 2018-03-16 um 17.07.40.png

@ew-and-patterns:

Wave 5 of 5 of blue wave 2 is ongoing. this can lead somewhere between 7'300 and 5'921. If we go below that the count is invalidated.
Bildschirmfoto 2018-03-16 um 17.12.17.png

@lordoftruth:

He sees that this is the final test for bitcoin. Target is a double bottom pattern at 7'550 and jump to the upside from there.
Todays trend is bullish. Expected trading for today is between 7'300 and 8'700.

@philakonesteemit:

He sees that we are going down further. No support has been established. Target 7'250 - 7'650.

@passion-ground:

He is still looking for the do or die point - secondary low to be established. He sees that to happen today +/- one day so maybe also tomorrow.

Summary of targets/support/resistance

Bildschirmfoto 2018-03-17 um 18.01.45.png

Bildschirmfoto 2018-03-12 um 11.50.03.png

Reference table

analystlatest content datelink to content for details
Tone Vays17. Marhere
@haejin17. Marhere
@ew-and-patterns17. Marhere
@lordoftruth17. Marhere
@philakonesteemit17. Marhere
@passion-ground17. 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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It will be very interesting to see which predictions were right.

“We have seen a lot of technical damage since March 6,” said Robert Sluymer, technical strategist at Fundstrat. Sluymer added that the failure to take out the important $11,750 level has worsened the short-term technical view. However, they see the February low of $5,922 as a major low, meaning it will be tough to breach.

A slew of negative news has seen the price of digital assets come under immense pressure over the past two weeks. Bitcoin fell ten percent on Wednesday, March 14 marking its eighth consecutive losing day out of the last ten. “March is typically the worst month for bitcoin, rising one of last seven years,” they wrote in sharing the following chart.

I guess, this was a clear message for bulls. 🚀

bitcoin trends

Interesting - Thank you for sharing.

Good your Ta analysts.Thanks for sharing.

Waiting for BTC go down to $7k so, I can buy more. I know some other BTC holders do not want to hear me say that.

Actually, they do (I do). Why? Because many people intend to do just like you and buy between 7000-7600, and price will likely surge from such a hugh number of buyers.
Furthermore, many will FOMO so bad when it doesn't reach 7000 and gets back up that the green daily that's gonna display should be even more impressive!

I think you have a good point!

you should wait for $2000!

thanks for your valuable and informative post.
We can take out a lot of information by your post.

Thank you very much. Much respect and love from Canada.

Very good post, thanks for sharing.

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Excellent summary as always thank you!

Do you have twitter or anything else to follow you?