Regular daily update on BTC ta analysts opinions.

My summary - short-term sentiment: bearish (last: bearish)

• My comment of yesterday is still valid so unchanged:

• The current move up was expected by both - the bull and bear analysts. One is thinking of a turning point - the other of a dead cat bounce followed by further selling pressure.

• So not too much news here - we need further price action to validate the scenarios.

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.

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

• 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

Analysts key statements:

Tone:

• Weekly: Remains bearish. Bounce nicely of the 50 MA.
• Daily: He is expecting current move still as dead cat bounce with target at 7'500-7'800. If btc remains more than 4 days bullish he is looking for a target within the apex at around 9'700. Nevertheless he expects us to go down afterwards.

@haejin:

He sees us correcting to 7'000 before moving up towards 8'000.

@ew-and-patterns:

BTCs seems to test new lows. If low does not hold strong we likely see another wave down. Target is than 3'578. He is expecting this move not be an A wave which would lead to B and C (C ending lower than A) but a 2 wave as part of an impulsive move up.

@lordoftruth:

He sees current price action neutral. F>or bullishness 8'180 needs to be broken. For a bearish sign 7'000 needs to be broken.
Todays trend is neutral. Expected trading for today is between 6'800 and 8'180.

@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

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:

• Learning tradingFrom @ToneVays:
• hereFrom @philakonecrypto: Like in every post you find links to his amazing educational videos. For example
• Fibonacci RetracementFrom @lordoftruth:
• Elliott Wave Counting TutorialFrom @haejin:

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