Bitcoin TA - summary of analysts - 13. Apr 18
bitcoin·@famunger·
0.000 HBDBitcoin TA - summary of analysts - 13. Apr 18
# Regular daily update on BTC ta analysts opinions.  ## **My summary - short-term sentiment: bullish** (last: bearish)  - There it is - the storm - luckily for all hodler to the upside - not so good for all short position holders. - We broke 7'500 and 7'800 in a hurry. Now working on 8'000 and 8'200 - All analysts turned bullish except for Tone who see's a equal move as in 2014 where this move would end in a bull trap. - April is used to be a good month for crypto. Lets see how this turns out this time.  ## **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: We bounced at 50 MA. It looks very similar to 2014 which means even with this bounce we go down. Nothing happened now - the downtrend still unbroken. In 2014 even the downtrend was broken and everybody went bullish and than we got down again - bull trap. Just one day of upside and everybody sees the bitcoin rally. There is no news just a short squeeze. - Daily: We got rejected by the downtrend of the linear chart. He is expecting this move up not to last. He stays bearish. ### @haejin: Bitcoin broke out of the upper resistance line of the second wedge pattern. MACD supports. Next the upper blue line needs to be broken.  ### @ew-and-patterns: He sees his alternate bull count activated. This one is valid until 6'760 is breached to the downside.  ### @lordoftruth: Bitcoin price rallied upwards strongly to breach yesterday first resistence at 7.66K and the second resistence at 7.88K and for now it is settles around 8.00K. A swingy pattern might be formed between 7.38K and 8.26K but bitcoin could resume trading on fundamentals. Todays trend is bullish. Expected trading for today is between 7'380 and 8'260. ### @philakonesteemit: From here he sees two cases - we break above 8'087 to target 8'250-8'500 or we correct to support level for subwave 4 correction before heading to 8'500.  ### @passion-ground:  He sees bitcoin in nowhere land. As long as we don't get a clear price indication market will just moving without power.  ## Summary of targets/support/resistance   ## **Reference table** analyst | latest content date | link to content for details ------------ | ------------- | ------------- [Tone Vays](https://twitter.com/tonevays?lang=en) | 12. Apr | [here](https://www.youtube.com/watch?v=FiThorNU6cY) [@haejin](https://steemit.com/@haejin) | 13. Apr | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-what-next) [@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 12. Apr | [here](https://steemit.com/btc/@ew-and-patterns/btc-update-12-04-18-bullcount-activated) [@lordoftruth](https://steemit.com/@lordoftruth) | 13. Apr | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-561-the-infection-is-over-steem-bounty-reward) [@philakonesteemit](https://steemit.com/@philakonesteemit) | 13. Apr | [here](https://steemit.com/bitcoin/@philakonesteemit/bitcoin-btc-april-13-technical-analysis-a-breakout-above-usd8-087-will-target-usd8-250-usd8-500-range) [@passion-ground](https://steemit.com/@passion-ground) | 11. Apr | [here](https://steemit.com/btc/@passion-ground/bitcoin-short-term-update-bias-and-key-statement-for-4-10-2018) ## **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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