Bitcoin TA - summary of analysts - 22. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Tone and @philakonecrypto are neutral and @lordoftruth is slightly bearish. I know I need to do some more definition on the timeframe of this sentiment. It is meant to be for the next week or two (short term). So in general it seems the bullish momentum slowed down for a serious correction or at least a pause for a next signal.

Analysts key statements:

• Tone: Weekly - we are still neutral/bearish count. Price flip seems difficult this week. Daily - triple resistance point hold us of. Since than we are selling of but now bouncing back. We are in a no trade zone - if trading anyway it would be a short trade. Bullish trade should wait until we go over the triple resistance (at around 11'400). 4hour bounced from triple support at 10'400. Chart give no trading signal at the moment. If red 2 trades below red 1 another short is on the table. So in total all charts show neutral (daily and 4hourly) waiting for direction.
• @haejin: ABC correction nearly completed. Wave C goes in 5 waves of a minor degree. Wave 5 in progress - rebound afterwards expected. He is looking out for another iSHS pattern as explained yesterday. See chart accordingly.
  
• @ew-and-patterns: -no new update till now-
  Wave 1 might be completed. Now the wave two with an ABC correction should be next (see picture). A 50-78% correction (of wave 1 move upwards) would be healthy. Target of wave 2 is around 8'500. If wave 1 is not yet completed than the ABC correction will follow same patter just later.
  
• @lordoftruth: Due to selling pressure he expects a natural rollback that will lead the price to hit 8.7- 9.2K, around the end of first week of March, followed by upward move to hit 14.5-15K around the first week of April. Expected trading for today 10'000 - 11'100.
  
• @philakonecrypto: Major resistances need to be broken at 10'900 and 11'200 to maintain bullish trend. If support at lower channel barrier at 10'000ish is broken bearish trend is considered.
  

Overall sentiment: slightly bullish
(last: bullish)

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.