Bitcoin TA - summary of analysts - 2. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• It seems the bears have won and we finally go down the road once more to find the bottom (soon hopefully). A lot of weak hands are folding right now - are you?
• To those down voting my last posts (like @thecyclist, @iflagtrash, @randomthoughts, @ngc, etc.)): It seems like this post brings value to quite a few steemians but still you are down voting this post. I am absolutely fine with expressing different opinion but assuming that you have the best interest for the steemit community it would help me if you than also comment why you feel to downvote this post. That gives me the chance to enhance my post in the future and therefore add more value to steemit community. I would highly appreciate that. I am also on steemit.chat in case you want to get in touch directly.

Analysts key statements:

• Tone: Weekly chart stays is very bearish as it already below the 9'300 support. If it closes below 9'300 than it even becomes more bearish. daily and 4h are bearish. He sees market goes further down. He thinks also that probably the 7'500 won't hold. So very very bearish for now.
• @haejin: Stays bearish with his scenario still in play. Moving down to 8'250 (which it did already) coming back up to
• @ew-and-patterns: His primary count got invalidated by falling below 9'300. His secondary count is not the primary count - that scenario still is bullish. Getting towards 8'200 ish - bouncing towards 9'800 and falling back to 7'800ish before getting back up.
• @lordoftruth: After breaking the lower barrier market went down. RSI and MACD turn to oversold which makes a bounce likely. Bearish trend for today. Trading between barriers 8'000 and 9'400 expected.
• @philakonecrypto: Looking at shorts vs long positions on bitfinex longs are growing more than shorts - show confidence (last tweet - evenmore long positions are coming in). Volume starts picking up means the market get interested in these price levels. RSI very oversold making a rebounce likely towards 9'500-10'000. He stays with his target of bottom at 7'900 - 8'400.

Overall sentiment: bloodbath
(last: bearish)

source

Reference table

analyst	lastest content date	link to content for details
Tone Vays	1. Feb	here
@haejin	1. Feb	here
@ew-and-patterns	1. Feb	here
@lordoftruth	2. 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.