Good Morning Bitcoiners,
Last month the price manage to build a candle stick with long tales and a relatively small body that indicates the uncertainty towards how further the price could go after reaching new historical highs $1242.00.
Because the over extended trend in the last two months, it's possible that the price continues with the side ways trend for a while and that will could help the price in building new supports and new higher low's in daily and 240 minutes chart. This particular behavior can help the price to reach the historical highs in few weeks time.
The weekly chart is showing a higher low that it's active since $837.00 and it can keep going up towards a first point of reaction $925.00 and if the buyers power and the volume keeps the same momentum such pattern can keep the penetration towards $1068.00. If this hypothesis gets confirmed by the uptrend there is a possibility that such pattern will $1242.00.
The 3 day chart is showing an over extended trend by candles sticks only and it can keep it's bullish momentum towards $1068.00 and if that happens the over extended trend won't give entries in daily and the 240 minutes chart will be the new possibility.
And last but not least, the daily chart shows a similar condition as the 3 day chart. The daily chart will keep trying with the penetration towards $990.00 and that will show a possible over extended trend during the next couple of sessions.
Volume will have a big role in this hypothesis during the course of the month and if the volume keeps coming, the price could have a chance to reach the targets we mentioned sooner than later.
Here is the monthly analysis.
http://youtu.be/HNM2pLiIavA
Topic: Videoblog & Technical Analysis for Bitcoin - page 10. (Read 44139 times)
Good Morning Bitcoiners,
The price manage to reach new daily highs last noght and this is helping the bullish hypothesis to keep going.
The next situation for the hypothesis to more valid is that the price should reach the $774.47 and create new highs so in that way the lower high pattern in the daily chart will be history and that can bring more volume to the market and a new up trend will be in place towards $990.00.
The daily chart is showing new highs and it could keep the momentum towards $774.47 and then a lower high failure in the daily chart will send signals to the market makers that a new up trend it's on the way.
240 minutes chart is building a new support with a new consolidation that can bring a potential new higher low. this higher low in the event that it comes active can bring the send the price towards the SMA 200 which is located at $888.27.
The 60 minutes chart is showing that the price could use the SMA 200 to build support and keep the consolidation happening until the right time and then it will send the signal that the potential higher low in the 240 minutes chart is ready and that's when the volume will appear.
Here, the Pre Market.
http://youtu.be/PFEKwObL8sA
P.S: I want to wish you all happy holidays and thank you for all the feedback and the support. wishing you a great success in the new year.
BTCBTC
The price manage to reach new daily highs last noght and this is helping the bullish hypothesis to keep going.
The next situation for the hypothesis to more valid is that the price should reach the $774.47 and create new highs so in that way the lower high pattern in the daily chart will be history and that can bring more volume to the market and a new up trend will be in place towards $990.00.
The daily chart is showing new highs and it could keep the momentum towards $774.47 and then a lower high failure in the daily chart will send signals to the market makers that a new up trend it's on the way.
240 minutes chart is building a new support with a new consolidation that can bring a potential new higher low. this higher low in the event that it comes active can bring the send the price towards the SMA 200 which is located at $888.27.
The 60 minutes chart is showing that the price could use the SMA 200 to build support and keep the consolidation happening until the right time and then it will send the signal that the potential higher low in the 240 minutes chart is ready and that's when the volume will appear.
Here, the Pre Market.
http://youtu.be/PFEKwObL8sA
P.S: I want to wish you all happy holidays and thank you for all the feedback and the support. wishing you a great success in the new year.
BTCBTC Kudos for your analysis!
I would be interested in a recap before every video for about 20sec -> just what you called (yesterday) and what then happened (did it come true or not)
Thanks !!I would be interested in a recap before every video for about 20sec -> just what you called (yesterday) and what then happened (did it come true or not)
I will work on that one!!
cheers !!
Kudos for your analysis!
I would be interested in a recap before every video for about 20sec -> just what you called (yesterday) and what then happened (did it come true or not)
I would be interested in a recap before every video for about 20sec -> just what you called (yesterday) and what then happened (did it come true or not)
Good Morning Bitcoiners,
The weekly chart start it this new week with a price pushing up and it might try to cover the entire body of the previous candle.
At the same time, the three day chart has a new candle stick that it will try to send the first signal to build a new higher low that potentially will try to reach $774.47 as a first target and we still have to considere the possible lower high that it will take the price potentially towards $455.00 or instead of building this lower high, the price can keep going up and reach $839.00 which in that case will help the hypothesis of new higher low's for weekly and potentially the three day chart.
The daily chart could be the one sending us clear signals for the long or short hypothesis. Right now the daily chart is showing a lower high that potentially can fail towards lower levels and the buyer's can send the price towards the previous high's from yesterday's market which are located at $774.47.
If this happen then a lower high failure could be the beginning of a new up trend towards the levels in the major time frames.
For the hypothesis of long trades to happen the price needs to reach $774.47 so the lower high failure can be confirm and after that a potential new trend will bring the volume to push the price towards high levels such as $839.00
Here, the weekly analysis.
http://youtu.be/fnIg8STO4Y4
The weekly chart start it this new week with a price pushing up and it might try to cover the entire body of the previous candle.
At the same time, the three day chart has a new candle stick that it will try to send the first signal to build a new higher low that potentially will try to reach $774.47 as a first target and we still have to considere the possible lower high that it will take the price potentially towards $455.00 or instead of building this lower high, the price can keep going up and reach $839.00 which in that case will help the hypothesis of new higher low's for weekly and potentially the three day chart.
The daily chart could be the one sending us clear signals for the long or short hypothesis. Right now the daily chart is showing a lower high that potentially can fail towards lower levels and the buyer's can send the price towards the previous high's from yesterday's market which are located at $774.47.
If this happen then a lower high failure could be the beginning of a new up trend towards the levels in the major time frames.
For the hypothesis of long trades to happen the price needs to reach $774.47 so the lower high failure can be confirm and after that a potential new trend will bring the volume to push the price towards high levels such as $839.00
Here, the weekly analysis.
http://youtu.be/fnIg8STO4Y4
I check you video daily. Makes me more confident using my trading plan.
Tipped you again just a few minuetes ago
Last time I tipped you, BTC was still 200 USD, so the ammount is a little smaller this time
Happy to hear you talking about a trading plan. Excellent.Tipped you again just a few minuetes ago
Last time I tipped you, BTC was still 200 USD, so the ammount is a little smaller this time
Thanks for the help.
wishing you more success and more BTCBTC
Lucano.
I check you video daily. Makes me more confident using my trading plan.
Tipped you again just a few minuetes ago
Last time I tipped you, BTC was still 200 USD, so the ammount is a little smaller this time
Tipped you again just a few minuetes ago
Last time I tipped you, BTC was still 200 USD, so the ammount is a little smaller this time
Hi. I enjoy watching your videos. Thank you for putting the effort into them. However, I must ask: Isn't there a keyboard shortcut to remove all those lines that you have painted? Seems like a waste of time to have to click on every one of them to remove them. :p
indeed, I was thinking the same
Will do !!
Well, not for our sake - but for your convenience. What program are you using to draw those lines?
Thanks for making these videos Lucano.
Good Morning Bitcoiners,
The major time frames are sending new messages. Two potential higher low's are in progress (weekly and 3 day chart) and if such patterns come to live the price will reach $1242.00 very soon.
Yesterday the daily chart build a long range candle stick that it manage to reach new highs compare to the previous day and is sending a signal that possible new up trends are on their way and the price manage to recover some of the areas that the seller had yesterday. the price still showing that a visit to the next major resistance is possible today.
The
Now, 240 minutes chart is showing a powerful uptrend towards the SMA200 but, if this time frame manage to build a new higher low then the price will try to reach $928.00
The 60 minutes chart already build 3 higher low's and still using the SMA10 as support in order to reach the SMA200 and eventually after a possible consolidation a new penetration can reach $928.00 and it will confirm the main hypothesis for today's market session.
Down trend hypothesis are always in front of us and just remember that at this point the daily chart is showing a price going up to build a new lower high and lower high can turn into a lower high failure to help the major time frames (3 day's and weekly chart) to confirm what I believe it could be the next rally.
Here, the pre market analysis.
http://youtu.be/mAWPMW-rhQ0
The major time frames are sending new messages. Two potential higher low's are in progress (weekly and 3 day chart) and if such patterns come to live the price will reach $1242.00 very soon.
Yesterday the daily chart build a long range candle stick that it manage to reach new highs compare to the previous day and is sending a signal that possible new up trends are on their way and the price manage to recover some of the areas that the seller had yesterday. the price still showing that a visit to the next major resistance is possible today.
The
Now, 240 minutes chart is showing a powerful uptrend towards the SMA200 but, if this time frame manage to build a new higher low then the price will try to reach $928.00
The 60 minutes chart already build 3 higher low's and still using the SMA10 as support in order to reach the SMA200 and eventually after a possible consolidation a new penetration can reach $928.00 and it will confirm the main hypothesis for today's market session.
Down trend hypothesis are always in front of us and just remember that at this point the daily chart is showing a price going up to build a new lower high and lower high can turn into a lower high failure to help the major time frames (3 day's and weekly chart) to confirm what I believe it could be the next rally.
Here, the pre market analysis.
http://youtu.be/mAWPMW-rhQ0
Hi. I enjoy watching your videos. Thank you for putting the effort into them. However, I must ask: Isn't there a keyboard shortcut to remove all those lines that you have painted? Seems like a waste of time to have to click on every one of them to remove them. :p
indeed, I was thinking the same
Will do !!
Hi. I enjoy watching your videos. Thank you for putting the effort into them. However, I must ask: Isn't there a keyboard shortcut to remove all those lines that you have painted? Seems like a waste of time to have to click on every one of them to remove them. :p
ok, fair enough. will work on that one !!Hi. I enjoy watching your videos. Thank you for putting the effort into them. However, I must ask: Isn't there a keyboard shortcut to remove all those lines that you have painted? Seems like a waste of time to have to click on every one of them to remove them. :p
indeed, I was thinking the same
Hi. I enjoy watching your videos. Thank you for putting the effort into them. However, I must ask: Isn't there a keyboard shortcut to remove all those lines that you have painted? Seems like a waste of time to have to click on every one of them to remove them. :p
Good Morning Bitcoiners,
Last night the price manage visited the major support and the buyers still reacting with new signs. A lower high denial in the 240 minutes chart is the first major signal for a potential change on the bearish trend.
The daily chart is showing that today's candle stick will try to reach yesterday's high prices ($717.02). This move could be the one confirming the intentions from the buyers side to set a new up trend and a possible lower high formation that eventually at the end of few market sessions could become a lower high failure that can help the weekly chart to create the first higher low in over 12 weeks.
240 minutes chart is showing a Lower High failure and a power full movement towards $717.02 and if that happends with some decent volume then the price can lead it's way up and create a powerful over extended up trend towards $750.36 and $780.00
60 minutes chart is showing a powerful over extended up trend that it will create a possible new higher low towards $717.02 and if this happen then the price will try to reach $750.36 and with more volume coming in it is possible that the price pushes it self up towards the SMA 200 and this will confirm the possible over extended trend in the 240 minutes chart.
Here, the pre market analysis.
http://youtu.be/W-VO4W28FEk
Last night the price manage visited the major support and the buyers still reacting with new signs. A lower high denial in the 240 minutes chart is the first major signal for a potential change on the bearish trend.
The daily chart is showing that today's candle stick will try to reach yesterday's high prices ($717.02). This move could be the one confirming the intentions from the buyers side to set a new up trend and a possible lower high formation that eventually at the end of few market sessions could become a lower high failure that can help the weekly chart to create the first higher low in over 12 weeks.
240 minutes chart is showing a Lower High failure and a power full movement towards $717.02 and if that happends with some decent volume then the price can lead it's way up and create a powerful over extended up trend towards $750.36 and $780.00
60 minutes chart is showing a powerful over extended up trend that it will create a possible new higher low towards $717.02 and if this happen then the price will try to reach $750.36 and with more volume coming in it is possible that the price pushes it self up towards the SMA 200 and this will confirm the possible over extended trend in the 240 minutes chart.
Here, the pre market analysis.
http://youtu.be/W-VO4W28FEk
Good Morning Bitcoiners,
From a personal point of view I have to say that the correction was necessary to build new memory in the market for the currency and to build new set of opportunities that can bring new players to the market.
A possible continuation of the sell off still intact and we are visiting $453.29 as we speak. The next target could be $290.00 but, it seems almost impossible to go down towards the SMA 200 or $290.00 but, with the market and specially with bitcoin everything is possible.
The weekly chart is showing a powerful long range candle stick pushing the price down and erasing everything that it was creating several weeks ago and with a lot of space and no obstacles to stop the price it seems like the reaction from the buyers might take some time.
The three day chart manage to erase with three candles an entire long range candle stick and still pushing towards the bottom tales of the green and red candle sticks on the left hand side and it could claim lower areas during the course of the day.
The daily chart is showing a powerful lower high that still want to go more down and it will try to penetrate $453.29and if that happen the next targets could be $395.00 and $290.00.
240 minutes chart is showing the beginning of a new over extended down trend and it might continue towards lower prices and that could increase the sellers volume toward a new target $395.00
Things dont look great for some trader but in the other hand this correction bring a bunch of new opportunities and I will be looking at possible counter trends in small time frames to take advantage of the situation.
Just make sure that greed does not step in front you and go for one or may be two target and get out and this can be a new trading strategy until the buying patterns from the major time frames come back and then we can all be friends of the trend again.
Here, the pre market analysis.
http://youtu.be/h3EaLeJDPnI
From a personal point of view I have to say that the correction was necessary to build new memory in the market for the currency and to build new set of opportunities that can bring new players to the market.
A possible continuation of the sell off still intact and we are visiting $453.29 as we speak. The next target could be $290.00 but, it seems almost impossible to go down towards the SMA 200 or $290.00 but, with the market and specially with bitcoin everything is possible.
The weekly chart is showing a powerful long range candle stick pushing the price down and erasing everything that it was creating several weeks ago and with a lot of space and no obstacles to stop the price it seems like the reaction from the buyers might take some time.
The three day chart manage to erase with three candles an entire long range candle stick and still pushing towards the bottom tales of the green and red candle sticks on the left hand side and it could claim lower areas during the course of the day.
The daily chart is showing a powerful lower high that still want to go more down and it will try to penetrate $453.29and if that happen the next targets could be $395.00 and $290.00.
240 minutes chart is showing the beginning of a new over extended down trend and it might continue towards lower prices and that could increase the sellers volume toward a new target $395.00
Things dont look great for some trader but in the other hand this correction bring a bunch of new opportunities and I will be looking at possible counter trends in small time frames to take advantage of the situation.
Just make sure that greed does not step in front you and go for one or may be two target and get out and this can be a new trading strategy until the buying patterns from the major time frames come back and then we can all be friends of the trend again.
Here, the pre market analysis.
http://youtu.be/h3EaLeJDPnI
Thanks as always Lucano for the information.
I'm curious about your thoughts on the China news?
http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12
Seems like this is the catalyst for the recent large drop.
Thanks,
IAS
Nice to see you around IAS.I'm curious about your thoughts on the China news?
http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12
Seems like this is the catalyst for the recent large drop.
Thanks,
IAS
It's always two sides of the story and people always says. "in terms of a headlines you only see 30% of the real deal, then you have to look for the other 70%"
check this article. http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#483253-tsina-1-18627-1cf60a7c37a7bc296a2ba7aba0120190
Laters.
Thanks as always Lucano for the information.
I'm curious about your thoughts on the China news?
http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12
Seems like this is the catalyst for the recent large drop.
Thanks,
IAS
I'm curious about your thoughts on the China news?
http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12
Seems like this is the catalyst for the recent large drop.
Thanks,
IAS
Good Morning Bitcoiners,
The three day charts is showing a patterns that denials the previous long range candle stick and it shows a weak price with the sellers in full control at the moment. The sellers still trying to push the price down and if the consolidations in minor time frames can't hold the the price we might see a new down trend towards $576.00.
The daily chart create a new higher low failure and the sellers are in full control and this can go on and on if the consolidation in the small time frames can hold the price and the daily chart generates new lower prices.
240 minutes chart is building a "b" formation but, at the same time that pattern can turn into several hypothesis.
The 60 minutes chart will show the first signals of new up trends if the price manage to visit the $824.89 and that will be the first signal for a new behavior in the market towards an up trend.
Here is the Pre Market Analysis.
http://youtu.be/boph9V_G3rI
The three day charts is showing a patterns that denials the previous long range candle stick and it shows a weak price with the sellers in full control at the moment. The sellers still trying to push the price down and if the consolidations in minor time frames can't hold the the price we might see a new down trend towards $576.00.
The daily chart create a new higher low failure and the sellers are in full control and this can go on and on if the consolidation in the small time frames can hold the price and the daily chart generates new lower prices.
240 minutes chart is building a "b" formation but, at the same time that pattern can turn into several hypothesis.
- A braeak up that can push the price up towards the SMA 200 which is located at $862.00 and that will give us a new set of higher lows and we can look for new buying opportunities.
- A new Lower High that can take the price towards $576.00.
The 60 minutes chart will show the first signals of new up trends if the price manage to visit the $824.89 and that will be the first signal for a new behavior in the market towards an up trend.
Here is the Pre Market Analysis.
http://youtu.be/boph9V_G3rI
Good Mroning Bitcoiners,
Regardless of the fact that the price still building supports and resistance, still no signs of break up trends instead we see new potential corrections towards $690.00 if the Lower High on daily gets completely active.
The weekly chart shows a consolidation that it can build a bullish flag or a "P" formation and eventually it will help the price towards major resistance ($1242.00) and potentially it will generate new historical highs.
But for that to happen we need few more days and probably a couple of weeks of price fluctuation between max/min; supports/resistance and only then will see potential patterns in major time frames to trade long.
The buyers reaction will appear any time soon and we will see the buyers trying to push the price towards minor resistance areas first such as $900.00 area.
I can recommend coupe of trades using the small time frames such as 15 minutes or 5 minutes char but at the moment the volume and the readings are not the best and it's a risk that we might get trapped in the middle of a consolidation and that's something you don't want to deal with at this point.
Low volume means high risk that some one comes in and moves the price few dollars and then the price goes back again to the entry level within seconds or in the worse case scenario that trader can cause a new down trend.
The hypothesis for long trades can happen if during the first few days of the week the price pushes it self up towards $990.00. Only then we can seek for new higher lows in the small time frames such as 240/60/15 minutes charts and that will confirm possible lower high failure on the daily chart and that's a poweful message that we should all take advantage of it.
The low volume once again is not helping the patterns to evolve 100% and it can be a problem if you are one of those traders that want's to do a couple of trades per day with two digits profit.
Here is the Weekly Analysis.
http://youtu.be/p8j24TEPDsk
Regardless of the fact that the price still building supports and resistance, still no signs of break up trends instead we see new potential corrections towards $690.00 if the Lower High on daily gets completely active.
The weekly chart shows a consolidation that it can build a bullish flag or a "P" formation and eventually it will help the price towards major resistance ($1242.00) and potentially it will generate new historical highs.
But for that to happen we need few more days and probably a couple of weeks of price fluctuation between max/min; supports/resistance and only then will see potential patterns in major time frames to trade long.
The buyers reaction will appear any time soon and we will see the buyers trying to push the price towards minor resistance areas first such as $900.00 area.
I can recommend coupe of trades using the small time frames such as 15 minutes or 5 minutes char but at the moment the volume and the readings are not the best and it's a risk that we might get trapped in the middle of a consolidation and that's something you don't want to deal with at this point.
Low volume means high risk that some one comes in and moves the price few dollars and then the price goes back again to the entry level within seconds or in the worse case scenario that trader can cause a new down trend.
The hypothesis for long trades can happen if during the first few days of the week the price pushes it self up towards $990.00. Only then we can seek for new higher lows in the small time frames such as 240/60/15 minutes charts and that will confirm possible lower high failure on the daily chart and that's a poweful message that we should all take advantage of it.
The low volume once again is not helping the patterns to evolve 100% and it can be a problem if you are one of those traders that want's to do a couple of trades per day with two digits profit.
Here is the Weekly Analysis.
http://youtu.be/p8j24TEPDsk
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