Regular daily update on BTC ta analysts opinions.
Own comment:
- Scenarios lighting up. Only @ew-and-patterns and @philakonecrypto see that we still need another wave down.
- The other getting more confident that the bottom is already in.
Analysts key statements:
- Tone: Weekly turned to a dragonfly doji which looks promising. But still weekly is bearish and needs confirmation by a next week higher close.
Daily looks great. The longer we stay above 8'000 the better as probability rises that we break than to the upside. - @haejin: Upper line of wedge is breached. Bearish wick possible, Second round of impulse on its way. If that one briongs us up to 9'250 or so we can call the bottom.
- @ew-and-patterns: Two ways forward - we go up to around 10'000 and than decline to the final low or we come up to 11'500 and than correct (ABC) to 7'000 and than go up.
- @lordoftruth: BTC won't go under 6'000 anymore. Cam beautiful up to 8'600. Trading expected between 8'900 and 6'600.
- @philakonecrypto: He see us coming up to the resistance at above 9'000. He is missing a wave which will bring us than down to below 6'000 at 4'500 - 5'000.
Overall sentiment: slightly bearish
(last: bearish)
Reference table
| analyst | latest content date | link to content for details |
|---|---|---|
| Tone Vays | 8. Feb | here |
| @haejin | 8. Feb | here |
| @ew-and-patterns | 8. Feb | here |
| @lordoftruth | 8. Feb | here |
| @philakonecrypto | 8. Feb | here |
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.
The long term predictions is really bullish. Of course we want to see them go up.
Providing the table comparison is a good one, easy to see what other think about the future.
Cheers to you.
@Yehey
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I'm gonna be waiting for a final drop. I think Bitcoin can go down to somewhere around 4500. I'm waiting for that to happen so I could invest into some coins at very low prices. But I'll be happy if even if the prices don't drop anymore and it starts moving up. I already made a few investments and I think it's gonna pay off in the future as I'm going to be HODLing for long :)
But aren't they those who should be able to take influence and change it?
They actually are the ones that can influence the change but greed, I believe, won't let them.
This morning, I overheard over the radio where a senator in my country said he needs 2 come back for 2nd tenure 'cos the office is not befitting for youths
So I believe they only think of self instead of the masses.
That's why am always glad I found steemit when I did. Thanks @famunger for sharing this interesting experience
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Thank's for sharing
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Thank you for sharing. I hope to see you in the future.
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It is the right time to buy some bitcoin, because it has been predicted that it'll go arround 20k$ in the near future
well, to late adopters like me; the term bullish is still very unreal to me seeing all my investment going down the drain.....following you now @farmunger
I know - but keep the faith. To lighten your mood: What I heared we (people in crypto for more than a year) are the crazy ones and now all joining are not the late adopters but the early adopters (top 13% of population). So things still look good and if we get a run this year your pain these days will get rewarded.
Amen!
I strongly hope so...i just invest $45, my 5hrs check to buy steem today and powered up half of it to see what happens.
i think the developing of populations in rich and poor countries is a big problem alone. While the rich countries stay quite stable, populations in many poor countries explode!
There will be no easy way to solve this - Cryptocurrency may help people in poor countries - But I don't think anyone has a clue of how to solve this.
On the one hand, nobody wants to give away too much power and/or money. On the other hand, you can't just watch it and wait till the total disaster is there (however that would look like).
Really tough future ahead of us.