BTC TA ANALYSTS DAILY SUMMARY - JUNE, 15th
NOTE ABOUT BLOG
The blog is still in it's infancy and I ask that you guys give me feedback on analysts being reviewed, layout etc. I've removed "The Moon" and "Coin Mastery" as analysts. I'm playing around with a few analysts, so 'bear' with me. Also, I've changed the sentiment summary to an overall 'bearish', 'bullish' or mixed sentiment.
Overall Sentiment Summary
Detailed Summaries:
Type of Trader: Medium/Long Term Trader
[Macro argument is that BTC is consolodating at these levels and building steam for higher highs in the FUTURE is still his macro perspective. In his opinion we're not seeing BTC reaching all time high any time soon. BTC next big resistance is the top of $9990. Since Feb. BTC's seen 3 major bottoms around the 6k-7k level. Which is an indication of forming higher lows and confirms a macro bullish trend (Green Line on Chart). Patience will be the key word for medium/long term investors in the BTC Market]
Bitcoin have seen a small rally, but Marshal calls this a 'guppy rally' as it is small players trying to move the market. Expect some horizontal trading. Speculation above $7800 is a fantasy.
@chartguysType of Trader: Short Term Trader
MACRO TREND: Because of the dramatic sell-off and the RSI is oversold, we might see BTC recover and, before a dramatic bear break to below $6k. Expect bounces along the way to a lower low, to cool off the RSI levels.
BTC on the hourly have seen a huge bull move. EMA has become support.
The rush is over for now. Will we see a bit of sideways trading and then a push higher, or will the bears push the market lower.
@tradedevil (NO NEW UPDATE)Type of Trader: Short Term Trader/ Day Trader / E.W. Analyst
Type of Trader: Long Term Trader/Investor
The weekend’s heavy sell-off continues with all tokens showing double-digit losses. The charts also look ominous with recent support levels broken seemingly with ease, indicating a floor has yet to be found. Some of the hardest hit tokens are now nearing multi-month lows, wiping out any gains seen in 2018.
Bitcoin (BTC) – Support @ $6,438 (currently being tested), $5,932 and $5,622.
While the market may be showing no signs of recovery yet, any bounce back should be treated with caution while the long-term downtrends persist in all the major tokens. We also spoke about how cryptocurrency ‘whales’ are in control of the market and how the ongoing CFTC investigation into potential market manipulation is weighing on investor sentiment.
Type of Trader: Short Term Trader
Chart from 10th June when $BTC price was 7294. If you postponed your buying decision, you can now get 20-50% extra coins for the same amount! Expect SLOW & BORING $BTC price action with 1 ounce & Downside resumption!
Type of Trader: Short Term Trader
Bitcoin is getting ready for a bounce based on indicators on the daily and weekly. Stoch RSI is oversold / aligned on both time-frames and MACD is ready for a breakout. Lastly, check out what happens each time the RSI gets to this level.
Type of Trader: Short Term Trader
OUTLOOK: Bearish below $6,470
Recovery still in nascent stages
has created a bear flag on hourly
Break below $6,470 (flag support) would signal bear revival & allow re-test of $6,109
Watch out - the RSI is teasing downside break of rising trendline
#BTC is now teasing a bear flag breakdown, if confirmed, the bears could make a strong comeback, pushing BTC back to $6,100
#BTC Bear flag breakdown confirmed. Immediate support is $61425 (April 1 low)
Type of Trader: Short/Medium Term Trader
Selling with leverage into support is a risky speculative move. If bears won’t manage to close daily below support {6430$} bulls will catch up all your stop losses.
Type of Trader: Short/Medium Term Trader
BTC/USD SHORTS (4 hr chart). An absolutely textbook rounding bottom has occurred. Momentum of the shorts has taken over and we are breaking above a critical area of resistance, The RSI is currently 86 with the all time record at 90.
Also, a shout out to 
