Market Sentiment 100 TA reviewed, where to expect reversal? Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Sep 14, 2017 12:45 AM

Reviewed 100 TA for shorting BTC dated within the last one week

Numbers are rounded for simplification

Top 10 traders reviewed first because of their influence

Purpose:

To identify areas where a possible reversal could be more likely

Observation:

There are more bearish TA than bullish ones, yet the vast majority expect that to be temporary and bulls market likely to continue.

Data:

LVL Numbers of times Expected
800 2
2000 2
2500 2
4200 2
2800 2
3500 3
1800 4
2600 5
4000 9
3200 12
3800 14
3400 20
3600 24
3000 37

Impression

Most likely expected levels of support/reversal are from 3000 to 3600 as indicated by the numbers above.
More than 88 % predict reversal above 3000 and 36% called the bottom already at 3800.

3000 3400 and 3600 should be strong levels to watch for reversal / support

As per our previous analysis, price correction continue and ranging action is more likely

Action

use candle patterns and indicators to identify reversal signs

Best of luck everyone

My stratis Address

SVFjyUBjkpytNmnKGKsPEHECHkV9NwWmLF

Comment

⋅ Sep 14, 2017 10:27 AM

Fall momentum is high
Next break will be applied around 3600 , look for reversal

Comment

⋅ Sep 14, 2017 1:31 PM

Expected very strong partial breaks to be applied

Comment

⋅ Sep 14, 2017 8:27 PM

Break No 2 , over sold on 3 indicators

Comment

⋅ Sep 15, 2017 12:20 PM

Buyers Stepping in
No clear signal yet

Comment

⋅ Sep 15, 2017 7:54 PM

Bulls stepped in at 3000 and set that level as support
2 strong buyer bars on the 4 hours chart

Comments

Mohamedeltoukhy

⋅ Sep 14, 2017 10:31 AM

Thanks for sharing, well done Ehab

sergionero

⋅ Sep 14, 2017 4:39 AM

Thank you for sharing sentiment stat!
Are you planing to do this stat later?

dr.ehabaziz

⋅ Sep 14, 2017 6:26 AM

@sergionero, Hope it is helpful. I may do it from time to time

sergionero

⋅ Sep 14, 2017 7:28 AM

@Dr.ehabaziz, thank you!