Bitcoin TA - summary of analysts - 1. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Today I am happy to announce the inclusion of @philakonecrypto. He is a former mechanical engineer, turned full-time cryptocurrency trader, with a major focus on helping the community and teaching. He wants to provide a positive and reassuring environment where crypto can flourish with like-minded people. His focus is on short-term day and swing trading positions with favorite topics such as Elliot Wave and RSI. You can finde some more details on him in his introduction post here
  I really appreciate having him here as he is very active and supportive and brings in quite an interesting view on things.
• Interesting to see that we have two bulls and three bears. I guess we get closer to the bottom.

Analysts key statements:

• Tone: Weekly chart stays bearish, daily - descending triangle is confirmed by third touch of 10'000 support. Expecting another "dead cat" bounce toward the 10'900. After that he expects we are going down breaking support and toward 7'500 (around the 10th-12th of Feb). So he stays pretty much consistent with his scenario from yesterday.
• @haejin: Stays bearish with his scenario still in play. Volume is decreasing - he sees sellers will be out of firepower soon. Apex (decision point) between 4th through the 12th.
• @ew-and-patterns: Not much action in price for today. ABC correction ongoing. BTC going to 9'600 and than up to 10'800. His primary count (bullish) is still im play and only gets invalid falling below 9'300.
• @lordoftruth: Fundamentally he sees a rally of bitcoin not before the 16th of Feb - after Chinese New Year. Still mixed technical signals. Bullish trend for today. Trading between barriers 9'300 and 10'700 expected.
  -@philakonecrypto: Looking at shorts vs long positions on bitfinex it seems the bears are pushing the market down. Also a bearish flag forms on the RSI that support the bearish outlook. He sees support at 9'000 and than 8'000 (high volume zones). In about 1-2 weeks he assumes that we than change into a bull market (so around 7-14th).

Overall sentiment: bearish
(last: bearish)

Reference table

analyst	lastest content date	link to content for details
Tone Vays	1. Feb	here
@haejin	31. Jan	here
@ew-and-patterns	1. Feb	here
@lordoftruth	1. Feb	here
@philakonecrypto	1. 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 / bearish = 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.