# Regular daily update on BTC ta analysts opinions.

![Bildschirmfoto 2018-03-11 um 11.14.53.png](https://steemitimages.com/DQmNkugNo8vvMEgrqg9ZgKenH5A9dSEEsq8XNK8hD6CGzU4/Bildschirmfoto%202018-03-11%20um%2011.14.53.png)

## **My summary - short-term sentiment: slightly bearish ** (last: bearish)
- We got rejected by 10'000.
- Correction is on its way. Major support above 9'000. Will it hold?
- On the other side if we break 10'000 there is probably a run up to 11'250.

- April was good month for crypto. June is usually also a good month - not as good as April though. Lets see.
![IMAGE 2018-04-08 20:14:56.jpg](https://steemitimages.com/DQmUMkHYsrTnr6C2RtgKPL3KZTHbLA4QRNSA3ftFWhqDYTo/IMAGE%202018-04-08%2020%3A14%3A56.jpg)


## **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.

- 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](https://steemit.com/bounty/@steem-bounty/how-to-create-a-bounty)


## **Analysts key statements:**
### Tone:
- Weekly: Second week in a row we got rejected by the 30 week MA. Also a fib line is giving resistance. We are on a 4 of 9 and 8 of 13.
- Daily: We have a A13. Got rejected by 200MA. He still thinks we are going down.

###  @haejin:
Correction taking the ABC pathway. The blue circle represents a cluster of support that is target for wave C.
![Bildschirmfoto 2018-05-07 um 11.07.03.png](https://steemitimages.com/DQmYE8jGA92KjKcyhSZHw6iuZVQZFyCYVZTLaE7wBRBsbEV/Bildschirmfoto%202018-05-07%20um%2011.07.03.png)

###  @ew-and-patterns:
There is a possible alternate that white wave 4 still in progress.
![Bildschirmfoto 2018-05-07 um 11.14.31.png](https://steemitimages.com/DQmT3wd37KG54Nedi5J4C1sSUDRwrxZYyBwXMjQ5pQWHFS3/Bildschirmfoto%202018-05-07%20um%2011.14.31.png)
Main count still remains the current one. We might be in wave 2 - next 48hours need to bring appreciation in value.
![Bildschirmfoto 2018-05-07 um 11.14.36.png](https://steemitimages.com/DQmZLBVWUqX1we6hqAahzZfeGEqzqgXhbbVmHSeZ5R2Pq9w/Bildschirmfoto%202018-05-07%20um%2011.14.36.png)


###  @lordoftruth:
MACD is slowly reducing its bullish slope and RSI is moving lower.
Current rejection from 9'990 will push price below 9'000 to test 8'357 and 8'165.
Daily close above 9'990 will cancel his scenario. That would lead to a rise towards 10'158 and 11'300 followed by a crash as any move above 10'000 is considered unhealthy.
Todays trend is slightly bearish. Expected trading for today is between 8'800 and 9'767.


###  @philakonesteemit: 
We see a massive rejection at 10'000 range and have now hit a 0.618 golden ratio fibonacci retracement level. I do not believe it'll hold and we can see 9'050 to 9'150 range. If that doesn't hold we go for 8'200 to 8'620 range. 


###  @passion-ground: 
May is a Fibonacci turn-month (+/- one bar), and as such, it appears that May or June could mark a short to an intermediate-term high of sorts in the grander scheme of things. The next Fibonacci turn-month (+/- one bar) occurs in August.
The 50% advance from the April low appears constructive, bullish, and impulsive by every measure.
Be that as it may, there are indeed viable bearish alternate counts that must be taken into consideration despite this recent bullish move higher.

## Summary of targets/support/resistance
![Bildschirmfoto 2018-05-07 um 11.40.30.png](https://steemitimages.com/DQmX5KfEjRWvrt5sHimMAF4unQ5L2ALkVA7Hb49mjWNTRq4/Bildschirmfoto%202018-05-07%20um%2011.40.30.png)

![Bildschirmfoto 2018-03-24 um 17.10.52.png](https://steemitimages.com/DQmfXyfF5JyG4jwVbbypeWaf5J5yC3GSxQYxoRyPVTozbGR/Bildschirmfoto%202018-03-24%20um%2017.10.52.png)

## **Reference table**
analyst | latest content date | link to content for details
------------ | ------------- | ------------- 
[Tone Vays](https://twitter.com/tonevays?lang=en) | 06. May | [here](https://www.youtube.com/watch?v=6XjrVJsEb3w)
[@haejin](https://steemit.com/@haejin) | 07. May | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-abc-zigzag-5-35)
[@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 07. May | [here](https://steemit.com/btc/@ew-and-patterns/quick-btc-morning-update-07-05-18)
[@lordoftruth](https://steemit.com/@lordoftruth) | 07. May | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-585-trading-noise-steem-bounty-reward)
[@philakonesteemit](https://steemit.com/@philakonesteemit) | 07. May | [here](https://steemit.com/bitcoin/@philakonesteemit/bitcoin-btc-may-7th-live-stream-technical-analysis-0-618-fib-level-hit-will-it-hold)
[@passion-ground](https://steemit.com/@passion-ground) | 07. May | [here](https://steemit.com/btc/@passion-ground/bitcoin-weekly-wrap-up-proof-of-work-may-6-2018)


## **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](http://www.libertylifetrail.com/education/learntrading/)
- From @philakonecrypto: Like in every post you find links to his amazing educational videos. For example  [here](https://steemit.com/bitcoin/@philakonecrypto/bitcon-btc-march-1st-technical-analysis-evening-update-target-usd11-065-nailed-what-next)
- From @lordoftruth: [Fibonacci Retracement](https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market)
- From @haejin: [Elliott Wave Counting Tutorial](https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-short-term-target-is-usd12-112-to-usd12-306)

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