Bitcoin TA - summary of analysts - 5. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Sorry for being so late today with my summary. That is why I am very brief with some key analysts summaries if I feel that they don't help anymore at this point in time - be humble with me for that.
• Today I was on a conference covering our monetary systems (that is why I am so late) - very interesting! You will read about it probably tomorrow.
• So we got the decision (probably not the one we hoped for) - the 7'600 wasn't the low and we are in free fall again. Because of this special situation and for an easy overview I allowed myself to include charts which I find helpful directly. I hope that is ok by the analysts as the source is clearly mentioned. If not - please leave a comment.

Analysts key statements:

• Tone: Tone was right - 7'600 didn't hold. We are on a 5 on the weekly so probably looking forward to another 4 weeks of downside - so end of March. Daily is on a 7 - so expect a rebounce on Wednesday. The 4 hourly is at a nine what would suggest a short term rebounce (my comment: didn't happened). Tone is looking for new lower targets. He doesn't see any support at 6'000 so next target is around 5'000 (former high). Very bearish.
  
• @haejin: Considers his wedge pattern still valid (which works now for several days). He considers bull wicks (price pierces support lines and gets back in) as normal and to be expected. He sees we are getting down to 5'300 - 6'200 after going up to 9'000 one more time.
  
• @ew-and-patterns: He sees either a bounce towards 10k and than go down to 5'800 or we go directly to 5'800. Reaching that we have to verify if that is the bottom or if we even go lower to 4'800.
  
• @lordoftruth: Expects still that we fall to 6'800 (that was this morning - bullseye!!!) before moving up - so bottom reached!
• @philakonecrypto: We find support at 7'800, bearish outlook 7-7'500, bullish 8'500-9'500. Leans toward bullish.Bildschirmfoto 2018-02-05 um 20.39.36.png

Overall sentiment: bearish
(last: bearish)

Reference table

analyst	latest content date	link to content for details
Tone Vays	5. Feb	here
@haejin	5. Feb	here
@ew-and-patterns	5. Feb	here
@lordoftruth	5. Feb	here
@philakonecrypto	5. 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 / 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.