Bitcoin TA - summary of analysts - 14. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• My update comes later than usual as I was flying back to Switzerland today. The good thing - I got back my 200 MBit internet connection!
• Neckline breached - short term momentum is bullish 9'800 - 12'400 are targets mentioned.
• Another analyst (@ew-and-patterns) officially turned bullish (from neutral) and I put Tone on "neutral" as I see him according to his last several videos not much talking about bearish scenarios but he hasn't turned away from the idea that we go one more time lower in my opinion.

Analysts key statements:

• Tone: On the weekly we broke out about the 9090.80 which makes the weekly look bullish. He thinks 10'000 will be a big resistance. Daily looks good. Count is on 1 after a flip - because of the last candles this could also be considered a 7 so after tomorrow could be treated as a 9 (possible sign for reversal of momentum). The 4 hourly he sees a cup and handle formation with a potential 3'000 upswing as target. Chart is on a 4of9 and 4 of 13 countdown - so we might get some kind of a pullback (due to strong 10'000 resistance). Hourly chart - channel (parallel) we hit the top of the channel. 5of9 on the hourly - 4 more hours bullish than a pullback expected.
• @haejin:Neckline has been broken. iSHS pattern is now confirmed. Bitcoin is now in wave 3of3 which should lead us to 12'457. What needs to be observed if that move looks three wavish (leads to significant correction afterwards) or impulsive (more bullish with possible new ath).
• @ew-and-patterns: Turns bullish. Neckline is breached and we will most likely move up in an impulse wave towards 12'400.
• @lordoftruth: Expected trading for today 8'000 - 10'700. Continued bullish outlook for today. We have two strong support lines which support his bullish case of bitcoin and will lead to new ath. He will take a short vacation (48h) to celebrate Valentines day with his wife: Well earned, enjoy!
• @philakonecrypto: If we holde above neckline 8'950 and are able to breach through resistance of 9'300-9'500 than we will move towards 9'800.

Overall sentiment: mixed
(last: mixed)

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 1 = the next price target an analysts mentions
• bottom = price target analyst mentions as bottom
  Both target are probably short term (so next few days/weeks)
• lower/upper barrier = Most significant barriers mentioned by the analysts. If those are breached a significant move to the upside or downside is expected. It does not mean necessary that the sentiment will change due to that (e.g. if upper resistance is breached it does not mean that we automatically turn bullish).

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