Bitcoin TA - summary of analysts - 12. Feb 18

Regular daily update on BTC ta analysts opinions.

Own comment:

• Three analysts see an iSHS (which is bullish) which would give us a significant move up.
• Tone on the other hand doesn't see it instead he see a SHS (bearish). Next days will be interesting again!

Analysts key statements:

• Tone: Weekly closed with a dragonfly doji/hammer - neither way a reversal candle which is the good news. Technical we are still bearish on the weekly though. Top of the doji (9090.80) and 7'600 is a no trade zone. If we go above we turn bullish if we go down we stay bearish. Daily was bearish when trading started below doji low but next candle it reversed. Market is with mixed signals - where hard to trade. The forming head and shoulders (bearish!) on the 4hours isn't completed yet - it might in the future. Tone doesn't see an iSHS (which would be bullish) in this chart like other analysts do.
  1h chart gives us nothing very helpful. A parallel channel seems to form.
• @haejin: Sees the breakout and an inverse head and shoulder formation which now needs to be confirmed by breaching 8'995. If neckline is breached price target is 13'100. After that 14'690 is target for wave 5.
• @ew-and-patterns: Bitcoin is forming a bullish iSHS (inverse shoulder head shoulder) pattern. If neckline is breached (around 9'000) target is 12'600. If that scenario happens (with possible retest of neckline) he turns from neutral to bullish (not yet).
  
• @lordoftruth: Sees also iSHS pattern with possible price target of 11'500. Therefore 9'400 needs to be breached. Expected trading for today 7'600 - 9'300
• @philakonecrypto: no update Philakonecrypto has done again several amazing lessons which I highly recommend. Unfortunately I wasn't able to extract a current update on the market - either there is none (beside the intraday targets he always has) or I missed it in one of the videos. In that case I am sorry.

Overall sentiment: mixed
(last: mixed)

Reference table

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.