Bitcoin TA - summary of analysts - 4. Mar 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• We managed to get above the resistance cluster. We is very bullish.

• A cup and handle is completed and should bring us up (16'000)

• The iSHS is in progress - we need to go up to 12'200 to complete the pattern.

• I am in the process of enhancing the overview. I plan to add three more analysts (@salahuddin2004, @cryptopassion, @passion-ground) and I am working on a weekly report (one day, probably Sunday with a different setup). To do that I need to monitor them for a view days to catch up with their thought process.

Analysts key statements:

• Tone: Weekly candle will close in 36 hours. He wants to close the candle at the top. It would be great if next weeks candle trades above this weeks candle.
  Daily: If we can close and make another swing high (above 12'250) the cup and handle is complete and the target becomes 16'000. (my comment: close was at 12'450ish). There is no resistance until 13'000. The only thing we holds us back is that we are at a 6 of 9 - Monday or Tuesday there will be most likely a correction. We are above the 5 resistance lines.
  4 hourly: Looks bullish

In general he stick with his analysis from yesterday and is waiting for more resistances to be tackled and the cup and handle to be completed.
Daily: Two resistances knocked down. He would like to see the close today above at least another resistance (11'100). Also the cup and handle is in play - that would be completed as well and set us up for a nice break out.
4 hourly: turned red at new swing high but trades against the daily which makes it a risky trade.

• @haejin: He sees an upwards pointing wedge which signal a minor correction. The question is how much. The wave 1-5 seems to be completed. If we break down it is no need for alarm as every uptrend comes with corrections (wave 2 and 4).
• @ew-and-patterns: - no new update -
  Today he has an update about long term perspective of bitcoin. If 20k was cycle wave 1 and 6k cycle wave 2 we could see this year BTC reaching 120'000.
  
• @lordoftruth: We will most likely hit the 11'750 and move to 12'200 on Monday. If we are rejected by 11'750 we are retesting 10'000-10'500 area before rising again. Expected trading for today is between 10'500 and 12'200.
• @philakonecrypto:- no new update - hacked again? -
  If we move over 11'200 than next level is 11'788. Possible way up is shown in chart below.
  

Overall sentiment: bullish
(last: bullish)

Reference table

analyst	latest content date	link to content for details
Tone Vays	3. Mar	here
@haejin	4. Mar	here
@ew-and-patterns	3. Mar	here
@lordoftruth	4. Mar	here
@philakonecrypto	2.Mar	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.