Bitcoin TA - summary of analysts - 15. Apr 18
bitcoin·@famunger·
0.000 HBDBitcoin TA - summary of analysts - 15. Apr 18
# Regular daily update on BTC ta analysts opinions.  ## **My summary - short-term sentiment: bullish** (last: bullish)  - More and more analysts are reinforcing a short term bullish scenario bringing us to 12'000 levels. - The bulls see the downtrend to be over and the 6'500 level as swing low. - Tone still remains bearish. Scaling out on weekly he sees no sign of turning bullish (yet). The similarity to 2014 is overwhelming in his point of view - the move upward might be the 2014 bull trap which destroyed the bulls for month. - 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: Stays clearly bearish. - Daily: Massive resistance is mounting - 50 MA, 200 MA which has proven as very relevant for bitcoin, fib line, log down trend and some others. He stays bearish and very sceptical of current move. ### @haejin: He sees the MACD giving reliable indications for bitcoin. He believes the MACD support a rally of bitcoin into July. A upward pointing wedge will likely be generated.  His new primary is shown below. This leads us to 12'000.  ### @ew-and-patterns: Best case scenario brings BTC back to 14'000 in only a few weeks (6-12).  The bigger picture could look like this soon. He assumes the downtrend to be over most likely.  ### @lordoftruth: Bitcoin is in the process of forming a higher swing high which is necessary for the bullish momentum to sustain. For Monday he expects a pull back toward the area of 6'950 and 7'380. Todays trend is bullish. Expected trading for today is between 7'380 and 8'260. ### @philakonesteemit: He believes firmly that 6'500 is the floor. He sees two scenarios. First one is confirmed by breaking 8'240.  Second scenario we correct to 7'621 - 7'428 range first and than move up to strong resistance at 8'650.  ### @passion-ground: Bitcoin is again range bound for the moment but on a higher level. It is providing great short-term support levels. Short term bullish scenario still working. He is expecting a pull back wave next to 7'500 levels (0.618 fib).  ## Summary of targets/support/resistance   ## **Reference table** analyst | latest content date | link to content for details ------------ | ------------- | ------------- [Tone Vays](https://twitter.com/tonevays?lang=en) | 13. Apr | [here](https://www.youtube.com/watch?v=0URGUy42F5c) [@haejin](https://steemit.com/@haejin) | 14. Apr | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-what-s-the-significance-of-july) [@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 15. Apr | [here](https://steemit.com/btc/@ew-and-patterns/btc-update-15-04-18) [@lordoftruth](https://steemit.com/@lordoftruth) | 15. Apr | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-563-the-train-on-station-steem-bounty-reward) [@philakonesteemit](https://steemit.com/@philakonesteemit) | 15. Apr | [here](https://steemit.com/bitcoin/@philakonesteemit/bitcoin-btc-technical-analysis-april-14-usd6-500-was-the-floor) [@passion-ground](https://steemit.com/@passion-ground) | 15. Apr | [here](https://steemit.com/bitcoin/@passion-ground/bitcoin-short-term-update-bias-and-key-statement-for-4-14-2018) ## **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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