# Regular daily update on BTC ta analysts opinions.

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## **My summary - short-term (next 24h) sentiment:  bearish ** (last: bearish)
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- We got a daily reversal candle.
- We recovered to resistance at 6'250.
- It might be that we recover more. Expected to be a dead cat bounce.
- Still bearish scenario is in full play for now and further significant downside is expected.

Bearish scenario (preferred): 
- Price rebound after being oversold.
- We are hovering around 6'250.
- Price comes to a hold below 6'900 and than breaking down again.
- After breaking 5'945 (close) we see panic and a significant drop towards new lows in the range of 4'975 and 3'100.

- Bull scenario (unlikely):  
- We bounce from this level - having a double bottom.
- We go up to the top of the triangle and probably to all time highs.


-  @haejin: He is posting bitcoin only on bitcoin live anymore. I am trying to reach out to him to see if we can have an abstract here.


- Lets see how June plays out -usually also a bullish month. This year it looks like one of the worse month. Will update chart next month.
![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 reordered the analysts based on the frequency they are updating.


## **Analysts key statements:**
### Tone:
- Weekly: We bounced back from 5'780. Candle doesn't scream "reversal" candle. Bounce is not so surprising as we fell very fast an need to recover before going down. We are in the progress to remove the top 3 candles from the 30 MA - so this average is accelerating to the downside and will accelerate even more.  The 50 MA takes 20 more weeks to remove those top candles.
Can the 5'780 be the bottom? Yes - but he gives it only a 5% chance.
- Daily: Yesterday candle is a text book dragon fly doji which is reversing us for now. Though this candle is not as strong as it could reverse a bear market typically (there is always a chance). 
The current bearish count will be broken probably today but that will set us up for a new bearish count soon.


###  @lordoftruth:
Bitcoin Market holds Harmonic Swings pretty nice, as we can see from the below chart. So the only strategy that could be applied is watching for bearish continuation patterns, such as "222" Sell.

Bitcoin price returns to fluctuate around EMA50, RSI appears to be turning lower before hitting overbought levels and Stochastic on the move down to form negative factor and indicate selling pressure.

No Change to our bearish scenario, conditioned by the price stability Below 6'842. So we still wait for more losses towards 5'500 followed by 4'300 Area / Butterfly "Buy" the final destination and the potential bullish reversal location.

At press time, bitcoin price is around 6'250 and our Bearish Journey continue.

Todays trend is bearish. Trading between 5'500 and 6'600.


###  @ew-and-patterns:
From last post:
With the new low in BTC. 5'920 was breached.
If we don't pull up significantly soon or if you see it crashing through 5'000 immediately, this confirms the bearish counts. Target could be 3'000 if it is in fact a big ABC like this:
![Bildschirmfoto 2018-06-24 um 08.49.14.png](https://cdn.steemitimages.com/DQmfU6dgvVi7J8W1WpMJvqseKgz3e4ENkoiT8KVJtfHjEad/Bildschirmfoto%202018-06-24%20um%2008.49.14.png)

New scenario:
But he sees also the following bullish scenario - the bottom is in and we go up from here. He thinks this is not very likely but as the overall sentiment seems bearish this might be a "surprise" scenario which could play out.
![Bildschirmfoto 2018-06-25 um 15.43.29.png](https://cdn.steemitimages.com/DQmbj8e6WeNXqLBqZUqG47icnANHXYrihUP4i9rHzQMGKgB/Bildschirmfoto%202018-06-25%20um%2015.43.29.png)
That ETH is giving buy signals supports this scenario.

###  @passion-ground: 
![nonews.jpg](https://cdn.steemitimages.com/DQmaMAAaHGQLKiFUCbgocjTx9WiLepzq3hop5Bfjxm67pjA/nonews.jpg)
The move up off the recent pivot low has begun to wander sideways. Tonight we present both a bullish and bearish trade set-up for those so inclined to consider such. 

We got a price target (iSHS) of 7'170 as long as 6'120 isn't broken.
Sell trigger if 6'331 is cross. Target of 400 downwards so at 5'931.

![Bildschirmfoto 2018-06-18 um 12.08.04.png](https://cdn.steemitimages.com/DQmXTN9xCCQaCk7zXd3LTkKZaHf5CyRGa9MHRK91Gv9bQAw/Bildschirmfoto%202018-06-18%20um%2012.08.04.png)


###  @philakonesteemit: 
![nonews.jpg](https://cdn.steemitimages.com/DQmaMAAaHGQLKiFUCbgocjTx9WiLepzq3hop5Bfjxm67pjA/nonews.jpg)
A bounce at the 7'000 level was much expected due to hitting a major trend line support established since Nov 11, 2017.
Bullish View, if we break the 7'650 range, there's a chance to hit 7'850 to 8'000 range (0.5 to 0.618 fib retracement)
![Bildschirmfoto 2018-06-01 um 11.10.48.png](https://cdn.steemitimages.com/DQmQVKx97z1Q5hBdHP1Z8fCGPXEaeDXYYc3qp8YDy4EyuUj/Bildschirmfoto%202018-06-01%20um%2011.10.48.png)
Bearish View, if we break 7'161 range, we'll most likely test 7'040, which I see as failing to hold and then testing 6'500.
![Bildschirmfoto 2018-06-01 um 11.10.58.png](https://cdn.steemitimages.com/DQmWAgGepPjVDr9g1Fysdef6bbmy1Rw3Fo21L49LBeSryAi/Bildschirmfoto%202018-06-01%20um%2011.10.58.png)


###  @haejin:
@haejin is moving his analysis to bitcoin live. Those of you who want to follow him directly should look into subscription. I will try to get in contact to see if I can use an abstract to post here also in the future.

![nonews.jpg](https://cdn.steemitimages.com/DQmaMAAaHGQLKiFUCbgocjTx9WiLepzq3hop5Bfjxm67pjA/nonews.jpg)
Bitcoin (BTC) Short Term Update: The blue circle shows a potential pricepathway of BTC. The purple waves have been updated and it shows a scenario where purple 1,2,3 could be complete and 4 is getting its final touches. Purple 5 is still targeting the 6'300 zone or so.
![Bildschirmfoto 2018-06-13 um 10.31.45.png](https://cdn.steemitimages.com/DQmY6PaX53DK72xLk1uXuUKFMvjz4koVNJ8TPPd9onSmM9M/Bildschirmfoto%202018-06-13%20um%2010.31.45.png)

## Summary of targets/support/resistance
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## **Reference table**
analyst | latest content date | link to content for details
------------ | ------------- | ------------- 
[Tone Vays](https://twitter.com/tonevays?lang=en) | 25. June | [here](https://www.youtube.com/watch?v=nakW9E98y1U)
[@lordoftruth](https://steemit.com/@lordoftruth) | 26. June | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-635-bearish-journey-and-harmonic-swings)
[@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 25. June | [here](https://steemit.com/eth/@ew-and-patterns/had-to-buy-some-eth-today-here-is-why)
[@passion-ground](https://steemit.com/@passion-ground) | 18. June | [here](https://steemit.com/bitcoin/@passion-ground/bitcoin-short-term-update-bias-and-key-statement-for-6-17-2018)
[@haejin](https://steemit.com/@haejin) | 13. June | [here](https://steemit.com/money/@haejin/bitcoin-btc-short-term-update-the-final-elliott-wave-touches)
[@philakonesteemit](https://steemit.com/@philakonesteemit) | 31. May | [here](https://steemit.com/bitcoin/@philakonesteemit/btc-bitcoin-may-31-morning-update-technical-analysis-supports-resistances-specific-setups)

## **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). The sentiment is based on 4hr, daily, weekly, monthly candle charts.
- *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.



## **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.