Bitcoin TA - summary of analysts - 12. May 18
bitcoin·@famunger·
0.000 HBDBitcoin TA - summary of analysts - 12. May 18
# Regular daily update on BTC ta analysts opinions.  ## **My summary - short-term sentiment: bearish ** (last: bearish)  - Yesterday we got an update from all analysts. Today only @lordoftruth has an update till now. - We are still correcting - 7'770 to be watched as possible swing low. - Just realized I have been ahead of time. May is usually a strong month. Lets see how it plays out in 2018.  ## **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: Weeks looks bad. We are hold up by 7 week MA. To maintain green count we need to close next week over 8'800. - Daily: He expects that we are going down till the 15th with a swing low at around 8'300 - than 4 day bounce and than lower.  ### @haejin:  Bitcoin (BTC) has likely put in the full five waves. Correction will likely decline towards the 0.618 Fib level. Soon, the B wave bounce should occur. Since the decline . Thus far looks like an ABC; the correction could be the Flat type (3,3,5).  ### @ew-and-patterns:  This morning the waves show a potential for blue wave 2 being in progress already! He sees us going down to the area of 8'400 - 8'000 and considers this a buy opportunity. For Wave 3 he sees a potential of minimum 14'000.  ### @lordoftruth: Bitcoin price continues to suffer losses on Friday and failed to keep above the key 9'000 and most likely we will see a decline below 8'000 area. Hourly MACD in the bearish zone and RSI is currently near the extreme oversold levels. Keep an eye on the 4th station at 7'770, as a buying opportunity. Todays trend is neutral. Expected trading for today is between 7'770 and 9'050. ### @philakonesteemit:  We see a massive rejection at 10'000 range and have now hit a 0.618 golden ratio fibonacci retracement level. I do not believe it'll hold and we can see 9'050 to 9'150 range. If that doesn't hold we go for 8'200 to 8'620 range. ### @passion-ground:  If the preferred bullish count is to remain in place, bitcoin could go down as low as 7'887, which is a 0.618 fib retracement of the entire bullish advance from lows printed on April 9th. Short-term trend is down, and the 9'577 level is “key” upside resistance. If crossed we will see a short-term move above the recent print high of 9'948. If 9'577 holds we will see further downside consolidation before next bullish run higher.  ## Summary of targets/support/resistance   ## **Reference table** analyst | latest content date | link to content for details ------------ | ------------- | ------------- [Tone Vays](https://twitter.com/tonevays?lang=en) | 11. May | [here](https://www.youtube.com/watch?v=DfR1fd_2fWI) [@haejin](https://steemit.com/@haejin) | 11. May | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-will-retracement-be-0-38-or-0-618-fib-level) [@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 11. May | [here](https://steemit.com/btc/@ew-and-patterns/quick-btc-morning-update-11-05-18) [@lordoftruth](https://steemit.com/@lordoftruth) | 12. May | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-590-buying-opportunity-steem-bounty-reward) [@philakonesteemit](https://steemit.com/@philakonesteemit) | 07. May | [here](https://steemit.com/bitcoin/@philakonesteemit/btc-bitcoin-may-8-morning-update-we-find-support-short-term-with-a-beautiful-hammer-and-bull-wick) [@passion-ground](https://steemit.com/@passion-ground) | 10. May | [here](https://steemit.com/btc/@passion-ground/bitcoin-short-term-update-bias-and-key-statement-for-5-9-2018) ## **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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