Bitcoin TA - summary of analysts - 30. Apr 18
bitcoin·@famunger·
0.000 HBDBitcoin TA - summary of analysts - 30. Apr 18
# Regular daily update on BTC ta analysts opinions.  ## **My summary - short-term sentiment: bearish ** (last: bearish) - We are holding above 9'000 area. - Are we able to pick up steam here to go into the 6 digit numbers or do we need a correction first? - Key area is the range of 9'750 - 9'990. If we break through that more upside is expected. If not we likely see a correction before moving up again. - April is used to be a good month for crypto. Lets see how this turns out this time: This seems to be confirmed also for 2018. 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: Looks fairly strong. Clearly broke the trend line and got away from 50 MA. He is not yet turning neutral but is close to. Because we had a few weeks a similar move from 6'000 to 12'000 100% up and than back to 6'500 50% down. So we need to be above 12'000. - Daily: Big down day looked very bearish and he expected to go down to 50 MA but we didn't. We are facing another death cross (128/200). Stagnated near the top. ### @haejin:  If Impulse count as shown below is correct then it would probably look like the below chart. Blue wave 3 needs to put in a higher high soon. That higher high needs to be above 9'750.  Alternate count is upward pointing wedge (abcde). Last wave e towards 9'700.  If we get higher high then probable pathway leans towards A) if there is a lower high then the ABC red looks likely. 50:50 chance here. ### @ew-and-patterns:  He expects wave 4 to be done in 1-2 days. Either we are looking at ABC correction or triangle like this: A)  B)  ### @lordoftruth: Move up slowed down considerably. He is convinced that the correction towards 7'500 - 8'000 will start in a couple of days supported by RSI (verge of overbought). So 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). Clear breaking of 9'911 will invalid current scenario. Todays trend is slightly bearish. Expected trading for today is between 8'750 and 9'911.  ### @philakonesteemit:  Bullish scenario got confirmed. Possible further small wave up to come. See bull/bear scenarios below.  ### @passion-ground: The upward trend in BTC, albeit tempered in comparison to past run-up north of 11k, is nonetheless bullish in his view. He expects a correction towards 8'366 before moving up.  ## Summary of targets/support/resistance   ## **Reference table** analyst | latest content date | link to content for details ------------ | ------------- | ------------- [Tone Vays](https://twitter.com/tonevays?lang=en) | 29. Apr | [here](https://www.youtube.com/watch?v=1BnjhXPZEB8) [@haejin](https://steemit.com/@haejin) | 29. Apr | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-a-50-50-outlook) [@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 29. Apr | [here](https://steemit.com/btc/@ew-and-patterns/quick-btc-update-29-04-18) [@lordoftruth](https://steemit.com/@lordoftruth) | 30. Apr | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-578-the-direction-steem-bounty-reward) [@philakonesteemit](https://steemit.com/@philakonesteemit) | 24. Apr | [here](https://steemit.com/bitcoin/@philakonesteemit/bitcoin-btc-april-24-technical-analysis-words-of-wisdom-and-advice-woohooo-target-hit) [@passion-ground](https://steemit.com/@passion-ground) | 30. Apr | [here](https://steemit.com/btc/@passion-ground/bitcoin-weekly-wrap-up-and-long-term-overview-april-29-2018) ## **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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