Bitcoin TA - summary of analysts - 8. Apr 18
bitcoin·@famunger·
0.000 HBDBitcoin TA - summary of analysts - 8. Apr 18
# Regular daily update on BTC ta analysts opinions.  ## **My summary - short-term sentiment: bearish** (last: bearish)  - We are short on updates - only @haejin and @lordoftruth have an update ready for us. - Recovery came to an hold at 7'000. Can we continue from here? - 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: Remains fully bearish. If we close like this it would be the first close below 50 MA since a very long time. - Daily: We got a close which is lower than any close in this bear market. We only have intraday prices trading below. So he is expecting that we get a new swing low. TD is on a 3 of 9 and expects us to go down 6 more days. He expects us to get to the 6'000 and hopes that will be not before end of April before we than go down to 4'900. ### @haejin: He presents us two alternate counts. First one with an ABC correction to come after the 5 wave impulse.  The second with another 5 wave impulse bringing us up to the trend channel and than again wedging down (fractal repetition).  Regardless of those alternates he is expecting the breakout to the upside very soon.  ### @ew-and-patterns:  He sees new lows to be imminent. The last bullish count he can find gets invalidated if we drop below 5'920.  But he sees the following bear scenarios more likely (primary count). Those scenario have different support / bounce areas: 5'400, 4'850, 3'550.  ### @lordoftruth: He is expecting a pretty upside around 12-15th of April. April is usually a very good month for crypto. MACD is recovering as well. Unless we managed to break 7'330 trend remains bearish. Todays trend is slightly bearish. Expected trading for today is between 6'490 and 7'330. ### @philakonesteemit:  BTC test major trend line support which is established for month now. The range of 7'500 - 7'700 needs to hold. If we break below he is expecting us to retest 6'000. If support holds he sees a rally up.  ### @passion-ground:  He expects a slow shift from bearish to a bullish market. For that we need a series of higher highs and higher lows. For now he remains bearish but "less".  ## Summary of targets/support/resistance   ## **Reference table** analyst | latest content date | link to content for details ------------ | ------------- | ------------- [Tone Vays](https://twitter.com/tonevays?lang=en) | 6. Apr | [here](https://www.youtube.com/watch?v=ASIU-GK_JEo) [@haejin](https://steemit.com/@haejin) | 8. Apr | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-fractals-within-fractals) [@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 6. Apr | [here](https://steemit.com/btc/@ew-and-patterns/btc-update-06-04-18) [@lordoftruth](https://steemit.com/@lordoftruth) |8. Apr | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-556-pretty-upside-move-on-the-way-steem-bounty-reward) [@philakonesteemit](https://steemit.com/@philakonesteemit) | 28. Mar | [here](https://steemit.com/bitcoin/@philakonesteemit/btc-bitcoin-live-stream-march-28-technical-analaysis-bull-and-bear-scenario-we-are-nearing-critical-support-again) [@passion-ground](https://steemit.com/@passion-ground) | 3. Apr | [here](https://steemit.com/bitcoin/@passion-ground/bitcoin-short-term-update-bias-and-key-statement-for-4-3-2018) ## **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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