Regular daily update on BTC ta analysts opinions.

My summary - short-term sentiment: slightly bullish (last: slightly bullish)

• We are at the edge again. Hanging at the trendline but for now it seems to hold.
• Our bullish analysts still keep their bullish scenarios although the last drop let them worry also a bit it seems (my interpretation of the writing.
• I am expecting a significant move up or down in the next day or two.

News about the blog

• I am traveling at the moment. Expect the timing of the overview to vary in that time frame.

Analysts key statements:

Tone:

• Weekly: Weekly turned bearish.
• Daily: Daily has one last moment of hope that the trendline is holding but this is the 5th touch which usually breaks a trend line. Also that we haven't been able to move to the top of the channel before coming down makes it look weaker. The death cross is delayed because the bottom candles of the 6'000 low are counting out. His scenario from last touch of the trendline is still active for him but just delayed.
  

@haejin:

He sees the decline to be controlled and expected. Pattern downward wedge. Wave 1-4 completed we are in the progress of wave 5 towards the apex. After that a breakout to the upside is expected. That completes also red B. Support at 7'200 needs to hold - otherwise current scenario gets invalidated. If not next support is at 5'652.

@ew-and-patterns:

He sees btc is starting to look really bad again. If not buyers are rushing in soon (which they did in the meanwhile) he sees the WXYX2Z pattern to be completed with a very bearish outlook towards 3'500.

@lordoftruth:

His bullish scenario is in play until 7'240 is breached. He sees support level and possible turning points at 7'715 and 7'651. us stuck between 8'200 and 8'700. 8'300 needs to hold to support the break above 8'700 to regain buyers control.
Todays trend is bullish. Expected trading for today is between 7'500 and 8'375.

@philakonesteemit:

BTC test major trend line support which is established for month now. If we hold above 7'600 - 7'700 we could see nice rally towards 8'800 - 9'000. A break of 7'600 will signal a sell off to 6'000.

@passion-ground:

Despite his short-term trend having shifted to bearish, he still remain short-term bullish in anticipation of an eventual and perhaps imminent terminal to the larger intermediate (4) wave down.

Summary of targets/support/resistance

Reference table

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
• From @philakonecrypto: Like in every post you find links to his amazing educational videos. For example here
• From @lordoftruth: Fibonacci Retracement
• From @haejin: Elliott Wave Counting Tutorial

*If you like me to add other analysts or add information please let me know in the comments.