Bitcoin TA - summary of analysts - 22. Feb 18

in #cryptocurrency7 years ago

Regular daily update on BTC ta analysts opinions.

Bildschirmfoto 2018-02-01 um 12.02.42.png

Own comment:

  • Tone and @philakonecrypto are neutral and @lordoftruth is slightly bearish. I know I need to do some more definition on the timeframe of this sentiment. It is meant to be for the next week or two (short term). So in general it seems the bullish momentum slowed down for a serious correction or at least a pause for a next signal.

Analysts key statements:

  • Tone: Weekly - we are still neutral/bearish count. Price flip seems difficult this week. Daily - triple resistance point hold us of. Since than we are selling of but now bouncing back. We are in a no trade zone - if trading anyway it would be a short trade. Bullish trade should wait until we go over the triple resistance (at around 11'400). 4hour bounced from triple support at 10'400. Chart give no trading signal at the moment. If red 2 trades below red 1 another short is on the table. So in total all charts show neutral (daily and 4hourly) waiting for direction.
  • @haejin: ABC correction nearly completed. Wave C goes in 5 waves of a minor degree. Wave 5 in progress - rebound afterwards expected. He is looking out for another iSHS pattern as explained yesterday. See chart accordingly.
    Bildschirmfoto 2018-02-22 um 10.15.27.png
  • @ew-and-patterns: -no new update till now-
    Wave 1 might be completed. Now the wave two with an ABC correction should be next (see picture). A 50-78% correction (of wave 1 move upwards) would be healthy. Target of wave 2 is around 8'500. If wave 1 is not yet completed than the ABC correction will follow same patter just later.
    Bildschirmfoto 2018-02-21 um 10.05.59.png
  • @lordoftruth: Due to selling pressure he expects a natural rollback that will lead the price to hit 8.7- 9.2K, around the end of first week of March, followed by upward move to hit 14.5-15K around the first week of April. Expected trading for today 10'000 - 11'100.
    DQmcAxWrPKwtokCNKBxsAJi6QSxMbKh6FdNenbTL8i4WFt3.gif
  • @philakonecrypto: Major resistances need to be broken at 10'900 and 11'200 to maintain bullish trend. If support at lower channel barrier at 10'000ish is broken bearish trend is considered.
    Bildschirmfoto 2018-02-22 um 10.30.43.png

Overall sentiment: slightly bullish
(last: bullish)
stock-market-300x203.jpg

Bildschirmfoto 2018-02-22 um 10.47.25.png

Bildschirmfoto 2018-02-07 um 17.04.01.png

Reference table

analystlatest content datelink to content for details
Tone Vays22. Febhere
@haejin22. Febhere
@ew-and-patterns21. Febhere
@lordoftruth22. Febhere
@philakonecrypto22. 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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Quick Update: I believe the price of bitcoin will hit the expected low 8.7-9.2K between 24 and 28 Feb ! and most likely the low will be 9.2K !

Tomorrow, I will place the date on the chart.
Thanks for great work.

Looking forward to your chart!

that would be most excellent and what I've been waiting for!

Didn't get your DIP? 🤑

I did, got in at 9850 and 9775. It just went lower in the past hour. I made the moves I wanted to make and I'm not watching anymore it make want to keep buying but now it's time to wait. It's so fast. Picked up a few LTCs for 181 so not bad. I want to make a little while I learn and if I can do it on a smaller level maybe I can grow $$$$$ :) .

Then you can learn laddering. Like splitting in 3 or 4 parts and putting even lower ladders. So, that next time you can have fun when the price goes even lower. 😉

I can do that !

Yes, this is what I see too.

uhm all I read sounds bearish for day and week..., how did you rate slightly bullish in the end?

thank you very much for compilation and for saving us time!

Interesting to see these predictions of pull-backs and also the contradicting predictions of these 5 people. Curious what will happen next since today is not the best day...

Thanks for sharing i will done up vote

Bitcoin is always an interesting topic i like this post upvote me @famunger

Thanks for sharing i will done upvote I always see your post.

This is EXCELLENT thank you! Great idea. Worth votes for sure!

Excellent as always. Thanks for taking the time to put this together