Bitcoin TA - summary of analysts - 03. May 18
bitcoin·@famunger·
0.000 HBDBitcoin TA - summary of analysts - 03. May 18
# Regular daily update on BTC ta analysts opinions.  ## **My summary - short-term sentiment: slightly bearish ** (last: bearish) - It seems we are having a break out to the upside and going to test 9'900. - April was good month for crypto. June is usually also a good month - not as good as April though. Lets see.  ## **News about the blog** - I need to revise my 2018 long term table. I need to add a 2018 and 2019 target an be more precise on the sentiment here. Will do that after I am back in Switzerland. - We lunched the bounty project beta. If you are interested and you like to create a bounty on your own have a look [at this post](https://steemit.com/bounty/@steem-bounty/how-to-create-a-bounty) ## **Analysts key statements:** ### Tone:  - Weekly: Week started off weak but several days more to go. His best case scenario for the bulls is a correction to 7'600 area and than go up to 10'000. - Daily: Daily is very indifferent with a lot of flips (TD indicator). No clear trades. ### @haejin: Bitcoin is working on the surge breakout. Right after the second fractal (white box); observe how prices rose in small vertical spurts, rested and went vertical and rested...this cycle was repeated. This type of price move is a "personality" attribute of Bitcoin (BTC) and the current breakout move is expected to move in a similar fashion. The five waves are labeled and BTC too will also do a minor correction after the abc retracement. Once wave 5 is complete; the $10k barrier should also be broken.  ### @ew-and-patterns:  Bitcoin is moving down as expected. The following two pathways will apply: A:  B:  ### @lordoftruth: Outlook stays unchanged; April high 9'767 - correction ahead towards 7'500 - 8'000 (early May) to build iSHS pattern. than move towards 12'400 (5/8 reaction form 6'490). So the pullback is considered a buying opportunity. Clear breaking of 9'911 will invalid current scenario. Todays trend is slightly bearish. Expected trading for today is between 8'350 and 9'384.  ### @philakonesteemit: On the bearish side, he sees a test soon at the 8'650 to 8'750 range. If this holds, he remain bullish.  On the bullish side, a break above 9'900 can signal a rally to 11'500, 11'750 range.  ### @passion-ground:  It is rather important for me to note that the largest “secular trend” (monthly chart) is turning bearish against a backdrop of the long-term (daily and weekly charts) turning bullish. The battle is on, and a victor is far from being decided at this juncture.  ## Summary of targets/support/resistance   ## **Reference table** analyst | latest content date | link to content for details ------------ | ------------- | ------------- [Tone Vays](https://twitter.com/tonevays?lang=en) | 02. May | [here](https://www.youtube.com/watch?v=IrVvBibKOqI) [@haejin](https://steemit.com/@haejin) | 3. May | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-follow-the-leader) [@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 1. May | [here](https://steemit.com/btc/@ew-and-patterns/btc-update-01-05-18) [@lordoftruth](https://steemit.com/@lordoftruth) | 3. May | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-580-keep-watchful-eye-to-buy-mt-gox-crypto-dip-steem-bounty-reward) [@philakonesteemit](https://steemit.com/@philakonesteemit) | 03. May | [here](https://steemit.com/bitcoin/@philakonesteemit/bitcoin-btc-may-2nd-technical-analysis-supports-and-resistances) [@passion-ground](https://steemit.com/@passion-ground) | 2. May | [here](https://steemit.com/btc/@passion-ground/bitcoin-short-term-update-bias-and-key-statement-for-5-1-2018) ## **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:** - From @ToneVays: [Learning trading](http://www.libertylifetrail.com/education/learntrading/) - From @philakonecrypto: Like in every post you find links to his amazing educational videos. For example [here](https://steemit.com/bitcoin/@philakonecrypto/bitcon-btc-march-1st-technical-analysis-evening-update-target-usd11-065-nailed-what-next) - From @lordoftruth: [Fibonacci Retracement](https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market) - From @haejin: [Elliott Wave Counting Tutorial](https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-short-term-target-is-usd12-112-to-usd12-306) *If you like me to add other analysts or add information please let me know in the comments.
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