Good Morning Bitcoiners,
Yesterday's market showed a price fluctuation between max/min in the small time frames and it continue to support the main hypothesis of potential higher low in formation in the daily chart towards $1242.00.
The daily chart manage to generate a new lower low leaving a bottom tale that it's important for a potential higher low in this particular time frame.
240 minutes chart build a new support that it should helpthe price to bounce back towards $1068.00 and if that happen, the next higher low in the 60 minutes chart can take the price towards $1155.00.
For this hypothesis to happen the price needs to absorb all the bottom tales and the bodies on the left hand side. It will take some time but eventually it will happen.
60 minutes chart is using the SMA 200 as a support to push the price back to the resistance and if keeps going this way it will give us more opportunities during the day.
Here is the pre market.
http://youtu.be/F6-RszKgUyw
Topic: Videoblog & Technical Analysis for Bitcoin - page 11. (Read 44139 times)
Good Morning Bitcoiners,
The weekly chart is showing that the price is trapped between the bodies of the candles and it seems that this formation can lead to a long consolidation.
Such consolidation can create a fluctuation in price that can lead the currency to move sideways (max/min. support and resistance)
This could be good for trading in small time frames.
The daily chart is showing today's candle with new minimums compare to the previous day and this can produce new signs toward the seller and their option to take control of the price.
The formation with the daily chart can keep the possibilities of a new lower high in this particular chart and in the event that such patterns appears the first target could be $453.29. It will take few more red candles to happen but it's possible and we should keep our options open and our strategy ready for a change.
NOw, the next hypothesis could lead the price to create a long consolidations and eventually the price will create a new higher low and at that point such pattern can lead the price toward major resistance $1242.00 and this option should appear in coordination with the possible consolidation in the weekly chart. Having those two major time frames will push the price up with enough power towards prices over $1.300.00
Last but not least is the 60 minutes chart that it's showing a price below the SAM 200 and with a long consolidation that it's trying to build new supports that it might help the up trend hypothesis in the long run.
A weak price still with us but, we need to be patient and wait for the signals and if those signals comes at the right time we can ride the new up trend early than usual and bring new positive growth to our trading accounts.
Here is the pre market analysis.
http://youtu.be/qLoaGwI_chs
The weekly chart is showing that the price is trapped between the bodies of the candles and it seems that this formation can lead to a long consolidation.
Such consolidation can create a fluctuation in price that can lead the currency to move sideways (max/min. support and resistance)
This could be good for trading in small time frames.
The daily chart is showing today's candle with new minimums compare to the previous day and this can produce new signs toward the seller and their option to take control of the price.
The formation with the daily chart can keep the possibilities of a new lower high in this particular chart and in the event that such patterns appears the first target could be $453.29. It will take few more red candles to happen but it's possible and we should keep our options open and our strategy ready for a change.
NOw, the next hypothesis could lead the price to create a long consolidations and eventually the price will create a new higher low and at that point such pattern can lead the price toward major resistance $1242.00 and this option should appear in coordination with the possible consolidation in the weekly chart. Having those two major time frames will push the price up with enough power towards prices over $1.300.00
Last but not least is the 60 minutes chart that it's showing a price below the SAM 200 and with a long consolidation that it's trying to build new supports that it might help the up trend hypothesis in the long run.
A weak price still with us but, we need to be patient and wait for the signals and if those signals comes at the right time we can ride the new up trend early than usual and bring new positive growth to our trading accounts.
Here is the pre market analysis.
http://youtu.be/qLoaGwI_chs
Good Morning Bitcoiners,
A new higher low in the daily chart is pushing the price up to the major resistance and potentially new highs will show up any time soon.
However, the weekly chart is way too over extended and the higher low in daily can fail and bring the price back to $1,000.00.
The 240 minutes chart is showing that the previous lower high was denial and it manage to push the price up to the point that right now it's absorbing the bottom tales of the major resistance.
The 60 minutes chart is over extended in candles and movement and it might reach $1170.00 and then it will try to build a new higher low.
15 minutes chart was the one who trigger the new up trend and it might continue but resistance are in the middle of the biggest target for today's market which is reaching the historical highs and create new ones.
Here is the Pre Market Analysis.
http://youtu.be/VSFbitD1ln0
A new higher low in the daily chart is pushing the price up to the major resistance and potentially new highs will show up any time soon.
However, the weekly chart is way too over extended and the higher low in daily can fail and bring the price back to $1,000.00.
The 240 minutes chart is showing that the previous lower high was denial and it manage to push the price up to the point that right now it's absorbing the bottom tales of the major resistance.
The 60 minutes chart is over extended in candles and movement and it might reach $1170.00 and then it will try to build a new higher low.
15 minutes chart was the one who trigger the new up trend and it might continue but resistance are in the middle of the biggest target for today's market which is reaching the historical highs and create new ones.
Here is the Pre Market Analysis.
http://youtu.be/VSFbitD1ln0
Good Morning Bitcoiners,
November is gone and the bitcoiners and the masses has not limits when is about challenging the old FIAT.
Now, back into the technical aspects of our currency I see a correction happening as we speak but it is not one of the normal correction that we see on FOREX, NYSE or any other markets. this correction is a side ways one with bottom and top tales creating enough margins for the traders to operate and with the small time frames giving us the right opportunities to increase the gains of our trading performances.
November, the candle stick of last month have a top tale that is signaling the path for an important and necessary correction.
Please understand that when I'm talking about a correction I'm not saying or I'm not wishing that the price goes to hell...hell not!!.
What I'm trying to say here is that in order to have a healthy and more stronger currency compare to the old FIAT rubbish we have to deal with, we need that correction or at least a side ways trend to build memory in the market and leave the word "bubble" behind us.
Having said that, I won't be surprise if we have few weeks of a bearish market and all this is for the sake of our currency becuase eventually the rally will come back again.
The daily chart was showing yesterday that the price was push by the sellers towards $840.00 area and it manage to find a major support with a higher low in that area which it help to create a point of reaction and right now we see that the price is back over $1k thanks to the major support that the price found at that time.
This reaction and possible consolidation can be tricky because if the market can't be patience enough with a possible long consolidation it can go any where.
This month will see higlhr low failures and breakdown failures that it can create small rallies or sell off's but with a price respecting major bottom tales and major resistance until the weekly chart builds enough data to go for new highs and start a new up trend.
I want to bring a subject that I haven't talk about publicly and it's about "Company Adquisitions with Bitcoin".
In the middle of this year we experienced the first bitcoin adquisition with "Erik Voorhees sold SatoshiDICE for 126k bitcoin $11.5 Million USD" the historical event created an important sell off the day when the news went public and it took more than one week for the price to recover.
We might see this events happen again, it will force the correction to happen more faster and it bring more confidence to the market and all the participants.
Last month the currency show to the whole financial world that gold and bitcoins has to co-exist.
Now, let's bring more memory to the market and to consolidate the currency for the long run.
Here is the weekly analysis.
http://youtu.be/Gz8SoAw0b-k
November is gone and the bitcoiners and the masses has not limits when is about challenging the old FIAT.
Now, back into the technical aspects of our currency I see a correction happening as we speak but it is not one of the normal correction that we see on FOREX, NYSE or any other markets. this correction is a side ways one with bottom and top tales creating enough margins for the traders to operate and with the small time frames giving us the right opportunities to increase the gains of our trading performances.
November, the candle stick of last month have a top tale that is signaling the path for an important and necessary correction.
Please understand that when I'm talking about a correction I'm not saying or I'm not wishing that the price goes to hell...hell not!!.
What I'm trying to say here is that in order to have a healthy and more stronger currency compare to the old FIAT rubbish we have to deal with, we need that correction or at least a side ways trend to build memory in the market and leave the word "bubble" behind us.
Having said that, I won't be surprise if we have few weeks of a bearish market and all this is for the sake of our currency becuase eventually the rally will come back again.
The daily chart was showing yesterday that the price was push by the sellers towards $840.00 area and it manage to find a major support with a higher low in that area which it help to create a point of reaction and right now we see that the price is back over $1k thanks to the major support that the price found at that time.
This reaction and possible consolidation can be tricky because if the market can't be patience enough with a possible long consolidation it can go any where.
This month will see higlhr low failures and breakdown failures that it can create small rallies or sell off's but with a price respecting major bottom tales and major resistance until the weekly chart builds enough data to go for new highs and start a new up trend.
I want to bring a subject that I haven't talk about publicly and it's about "Company Adquisitions with Bitcoin".
In the middle of this year we experienced the first bitcoin adquisition with "Erik Voorhees sold SatoshiDICE for 126k bitcoin $11.5 Million USD" the historical event created an important sell off the day when the news went public and it took more than one week for the price to recover.
We might see this events happen again, it will force the correction to happen more faster and it bring more confidence to the market and all the participants.
Last month the currency show to the whole financial world that gold and bitcoins has to co-exist.
Now, let's bring more memory to the market and to consolidate the currency for the long run.
Here is the weekly analysis.
http://youtu.be/Gz8SoAw0b-k
Good Morning Bitcoiners,
Last night the price and the sellers try to push a sell off to create a domino effect but, instead they manage to create a side ways trend that it's making the price fluctuate between top and bottom tales with a margin of $250.00. This could be interesting because it will give opportunity to the small time frames such as 15/5 minutes chart to give some patterns and generate more opportunities.
The daily chart is showing yesterdays candle stick with some uncertainty and with an over extended trend trying to penetrate the historical new highs which is exactly what is doing as we speak.
The 240 minutes is more specific in this case and the new higher low it's trying to push the price up but the low volume is no showing sings of increasing at the moment and this can be a situation where a potential consolidation can happen instead of a new movement up towards new highs.
The 60 minutes chart is fighting hard and it's trying to recover it self from the previous volatility and it manage to build a new higher low that at the moment is trying to bring the price back to the major resistance which is $1242.00.
Having a particular side ways market it will only give chance to micro trading which I think is a great opportunity as long as you keep an eye on the patterns and you keep pushing your stop up after break even.
Here is the pre market.
http://youtu.be/J5368Xppa60
Last night the price and the sellers try to push a sell off to create a domino effect but, instead they manage to create a side ways trend that it's making the price fluctuate between top and bottom tales with a margin of $250.00. This could be interesting because it will give opportunity to the small time frames such as 15/5 minutes chart to give some patterns and generate more opportunities.
The daily chart is showing yesterdays candle stick with some uncertainty and with an over extended trend trying to penetrate the historical new highs which is exactly what is doing as we speak.
The 240 minutes is more specific in this case and the new higher low it's trying to push the price up but the low volume is no showing sings of increasing at the moment and this can be a situation where a potential consolidation can happen instead of a new movement up towards new highs.
The 60 minutes chart is fighting hard and it's trying to recover it self from the previous volatility and it manage to build a new higher low that at the moment is trying to bring the price back to the major resistance which is $1242.00.
Having a particular side ways market it will only give chance to micro trading which I think is a great opportunity as long as you keep an eye on the patterns and you keep pushing your stop up after break even.
Here is the pre market.
http://youtu.be/J5368Xppa60
Subscribed, thanks for the free analysis Lucano, it's most appreciated!
your welcome. Thank you for following
Subscribed, thanks for the free analysis Lucano, it's most appreciated!
Good Morning Bitcoiners,
The possible correction in yesterday's market didn't happended thanks to the powerful buyers and their full control over the price instead, we saw a small correction last night that it only help the price to create new higher low's and still producing historical highs and the over extended trend is showing that a potential correction can occur at any time.
The daily chart is showing that the previous long range candle stick that we thought was the one sending of a possible end of the trend was no more than just another candle stick that it was pushing the price towards historical new highs.
240 minutes chart is showing once again how the SMA 10 can be use as a main support for the patterns. It's impressive how the price and the buyers respect this moving average without any hesitation.
60/15 minutes charts are the ones showing more volatility in terms of price fluctuation and with powerful SMA's looking like rails there is not sings that the price wants a correction.
If you are thinking in going in and trade during this over extended trend make sure that you are taking precautions because the price is reaching unknown areas and eventually the good bullish trend will stop to give the opportunity to the sellers to take part of the action.
Here is the pre market.
http://youtu.be/zCEQglt5rjg
The possible correction in yesterday's market didn't happended thanks to the powerful buyers and their full control over the price instead, we saw a small correction last night that it only help the price to create new higher low's and still producing historical highs and the over extended trend is showing that a potential correction can occur at any time.
The daily chart is showing that the previous long range candle stick that we thought was the one sending of a possible end of the trend was no more than just another candle stick that it was pushing the price towards historical new highs.
240 minutes chart is showing once again how the SMA 10 can be use as a main support for the patterns. It's impressive how the price and the buyers respect this moving average without any hesitation.
60/15 minutes charts are the ones showing more volatility in terms of price fluctuation and with powerful SMA's looking like rails there is not sings that the price wants a correction.
If you are thinking in going in and trade during this over extended trend make sure that you are taking precautions because the price is reaching unknown areas and eventually the good bullish trend will stop to give the opportunity to the sellers to take part of the action.
Here is the pre market.
http://youtu.be/zCEQglt5rjg
Good Morning Bitcoiners,
The new historical highs are allowing the price to maintain it self around $950.00 regardless of how over extended the price looks in major time frames such as weekly and monthly.
Buyers are in full control of the price.
A potential correction can show up at any time and it will take the price towards it's first available support which is located at the $900.98 area.
The daily chart is showing a long range candle stick from yesterday's market and it's probably telling us that the big rally is coming to an end.
12 hour chart is showing a second higher low with an extended trend of candles sticks but it's not over extended on the movement and this can be another situation to considered as part of the analysis for a potential correction.
The 240 minutes chart has the same story as the 12 hours times frame. The 4 hours chart is over extended and it's trying to build a consolidation. Having the two time frames with such synchrony makes me think twice.
In the event that the price decides to create it's correction, we have to see higher low's in 60/15 minutes chart failing before we take new analysis into consideration.
We have no reference to give a forecast about when or where the price is gonna stop generating new highs but the options are always in front of us.
Here is the pre market.
http://youtu.be/pWXTAncJLNU
The new historical highs are allowing the price to maintain it self around $950.00 regardless of how over extended the price looks in major time frames such as weekly and monthly.
Buyers are in full control of the price.
A potential correction can show up at any time and it will take the price towards it's first available support which is located at the $900.98 area.
The daily chart is showing a long range candle stick from yesterday's market and it's probably telling us that the big rally is coming to an end.
12 hour chart is showing a second higher low with an extended trend of candles sticks but it's not over extended on the movement and this can be another situation to considered as part of the analysis for a potential correction.
The 240 minutes chart has the same story as the 12 hours times frame. The 4 hours chart is over extended and it's trying to build a consolidation. Having the two time frames with such synchrony makes me think twice.
In the event that the price decides to create it's correction, we have to see higher low's in 60/15 minutes chart failing before we take new analysis into consideration.
We have no reference to give a forecast about when or where the price is gonna stop generating new highs but the options are always in front of us.
Here is the pre market.
http://youtu.be/pWXTAncJLNU
Good Morning Bitcoiners,
New higher low in the daily chart is pushing the price towards $900.98.
The 240 minutes chart shows a triple bottom tale and a new higher low and at the same time the 60 minutes chart is pushing it self up and with a powerful long range candle stick it manage to deny the entire consolidation and set new highs.
Seems like those all those signals are showing how much the buyers wants the price to reach once again the historical highs so their trading plan for the month will be done in a positive way.
Having said that, I believe that reaching $900.98 will create high volatility and will give space to the sellers to take control of the market and a week of potential correction will show up.
The weekly chart needs a break and hopefully will take advantage of it.
Here is the pre market.
http://youtu.be/GOiiFwjNbR4
New higher low in the daily chart is pushing the price towards $900.98.
The 240 minutes chart shows a triple bottom tale and a new higher low and at the same time the 60 minutes chart is pushing it self up and with a powerful long range candle stick it manage to deny the entire consolidation and set new highs.
Seems like those all those signals are showing how much the buyers wants the price to reach once again the historical highs so their trading plan for the month will be done in a positive way.
Having said that, I believe that reaching $900.98 will create high volatility and will give space to the sellers to take control of the market and a week of potential correction will show up.
The weekly chart needs a break and hopefully will take advantage of it.
Here is the pre market.
http://youtu.be/GOiiFwjNbR4
Good Morning Bitcoiners,
The price still consolidating near major resistance and it might push it self to create new historical highs this week.
Such situation can generate a high volatility and eventually the correction will come along based on what the weekly chart shows (over extended trend and far from the SMA's).
The daily chart is showing a new higher low trying to push the price up and this could be good for the traders and market makers in general towards closing the positions of the month and sell at the highest price.
12 hours chart is aligned with the daily chart and it's forming a second higher low. This pattern can bring the price up to $900.98, create a double top tale and eventually a new set of candles will show up in 240/60 minutes chart.
Every body wants to push the price towards the $1k but no every one wants to buy at $1k.
As soon as the price reaches the $900.98 will be important to see how much the market can hold the price that high or may be the sellers will take control and push the price towards lower levels which will help the currency to generate market memory and more powerful data to bring positive trust to the traders and less uncertainty to the public in general.
Here, the weekly analysis.
http://youtu.be/3qPXjjmwpmM
The price still consolidating near major resistance and it might push it self to create new historical highs this week.
Such situation can generate a high volatility and eventually the correction will come along based on what the weekly chart shows (over extended trend and far from the SMA's).
The daily chart is showing a new higher low trying to push the price up and this could be good for the traders and market makers in general towards closing the positions of the month and sell at the highest price.
12 hours chart is aligned with the daily chart and it's forming a second higher low. This pattern can bring the price up to $900.98, create a double top tale and eventually a new set of candles will show up in 240/60 minutes chart.
Every body wants to push the price towards the $1k but no every one wants to buy at $1k.
As soon as the price reaches the $900.98 will be important to see how much the market can hold the price that high or may be the sellers will take control and push the price towards lower levels which will help the currency to generate market memory and more powerful data to bring positive trust to the traders and less uncertainty to the public in general.
Here, the weekly analysis.
http://youtu.be/3qPXjjmwpmM
Lucano, your use of the 12hr yesterday pointed me to the resistance you mentioned today....quite cool 
Here is the pattern.
It's just like IAS is saying, we haven't seen this pattern before in major time frames.
P.S: Nice to see that I'm not the only one exited about this pattern.
BTCBTChttp://imgur.com/Sm6q37V
Lucano, your use of the 12hr yesterday pointed me to the resistance you mentioned today....quite cool
http://imgur.com/Sm6q37V
I wanted to bring up the call Lucano made about that "new pattern" that is seldom seen. It did indeed breakout from the pattern.
BTC ran following the close of the 3rd candle (the first time the pattern showed) from around $338 to a high of $902 ish.
The last low of the 3 candle setup ended at around $501. Just to have some fun with simple math, and jumping over resistance levels etc
, I come up with the following:
$902/$338=2.67
$501X2.67=$1337 - our next target high. Just having fun of course.
edit - I noticed the negative volume divergence during this recent rise. Normally this would be worrisome, but ever since Gox's withdrawal patterns, it has become less so (any indicators relating to volume actually). Anyway, something to watch.
BTC ran following the close of the 3rd candle (the first time the pattern showed) from around $338 to a high of $902 ish.
The last low of the 3 candle setup ended at around $501. Just to have some fun with simple math, and jumping over resistance levels etc
, I come up with the following:$902/$338=2.67
$501X2.67=$1337 - our next target high. Just having fun of course.
edit - I noticed the negative volume divergence during this recent rise. Normally this would be worrisome, but ever since Gox's withdrawal patterns, it has become less so (any indicators relating to volume actually). Anyway, something to watch.
Lucano, your use of the 12hr yesterday pointed me to the resistance you mentioned today....quite cool
Good Morning Bitcoiners,
Last night the price create a down trend that manage to deny one of the higher low in 60 minutes.
Buyer will try to push the price back up again and it could be that the buyers will bring the price towards $784.00.
The 15 minutes chart is showing us a lower high failure an a powerful push from the buyers towards the second lower high from the top down.
60 minutes chart is showing a previous retracement towards a major support (higher low) and it was a reaction from the buyers that it's pushing the price back up as we speak and it seems like the next target could be the resistance which is located at $784.44. (The daily highs from yesterday's market)
240 minutes chart is building it's new higher low and if this pattern get active it can push the price up toward the new major resistance $900.98.
The daily chart has a higher low already and it's penetrating the bodies of the candles on the left. after the bodies, the tales will be less difficult to absorb.
This is an auction between buyers and sellers and who ever takes control over the price can created the domino effect that every one else follows.
Here, the pre market analysis.
http://youtu.be/TENVlNIyCEU
Last night the price create a down trend that manage to deny one of the higher low in 60 minutes.
Buyer will try to push the price back up again and it could be that the buyers will bring the price towards $784.00.
The 15 minutes chart is showing us a lower high failure an a powerful push from the buyers towards the second lower high from the top down.
60 minutes chart is showing a previous retracement towards a major support (higher low) and it was a reaction from the buyers that it's pushing the price back up as we speak and it seems like the next target could be the resistance which is located at $784.44. (The daily highs from yesterday's market)
240 minutes chart is building it's new higher low and if this pattern get active it can push the price up toward the new major resistance $900.98.
The daily chart has a higher low already and it's penetrating the bodies of the candles on the left. after the bodies, the tales will be less difficult to absorb.
This is an auction between buyers and sellers and who ever takes control over the price can created the domino effect that every one else follows.
Here, the pre market analysis.
http://youtu.be/TENVlNIyCEU
That pattern on the daily (actually you said 12hr) chart Lucano is very interesting. I'm surprised I haven't heard it mentioned before (or noticed it myself). After you mention it, it is so obvious.
Basically, you are saying that the long wicks on the bottom are showing a push towards the ema's but that BTC is bouncing back up, wanting to resume the uptrend.
That is then followed by a higher lower. Which has (so far) been verified today.
Good eyes
IAS
I am creating a file of new patterns, because the currency is bringing a new generation of traders, means new set of graphics.Basically, you are saying that the long wicks on the bottom are showing a push towards the ema's but that BTC is bouncing back up, wanting to resume the uptrend.
That is then followed by a higher lower. Which has (so far) been verified today.
Good eyes
IAS
This is wonderful because we are adding new patterns to the ABC of candle sticks readings.
I should come with a name for that pattern, something like "Geekttern or G Pattern" LOL...
We are in a crazy world full of sane minds !!!
P.S: thanks for the heads up !!
That pattern on the daily (actually you said 12hr) chart Lucano is very interesting. I'm surprised I haven't heard it mentioned before (or noticed it myself). After you mention it, it is so obvious.
Basically, you are saying that the long wicks on the bottom are showing a push towards the ema's but that BTC is bouncing back up, wanting to resume the uptrend.
That is then followed by a higher lower. Which has (so far) been verified today.
Good eyes
IAS
Basically, you are saying that the long wicks on the bottom are showing a push towards the ema's but that BTC is bouncing back up, wanting to resume the uptrend.
That is then followed by a higher lower. Which has (so far) been verified today.
Good eyes
IAS
Good Morning Bitcoiners,
Seller's are losing control over the price and the previous bullish momentum seems to me that it's coming back again.
Let's don't forget that we still have a weekly chart showing us a bearish signal and the new hype may be will stay with us for a short period of time.
The price can reach $748.00 today based on the patterns we see in all the time frames and according to the new set of candles in 240 minutes and 60 minutes chart.
The daily chart is showing a possible new higher low and if this higher low develope it's movement, that will be the pattern that it can visit the major resistance $900.98
Having said that, the 240 minutes chart is doing something a bit more different than the daily and this particular discrepancy can delay the up trend a bit longer. The 240 minutes chart is showing an over extended up trend that so far it manage to denial more than 80% of the previos retracement. In some way this is good but if we think about it the movement can try to build a new higher low and fail.
So, if that happen the price can reach once again the SMA 200 or in the worse case scenario it could reach $453.00.
The 60 minutes chart is showing 3 higher lows already build and the price is fighting with the bottom tales of a minor resistance area ($748.00)
The strategy today could be once again using the small time frames to reach one or maximum two targets to take advantage of a potential new uncertainty in the market today.
Here, the Pre Market Analysis.
http://youtu.be/9C1hmEBFq3Y
Seller's are losing control over the price and the previous bullish momentum seems to me that it's coming back again.
Let's don't forget that we still have a weekly chart showing us a bearish signal and the new hype may be will stay with us for a short period of time.
The price can reach $748.00 today based on the patterns we see in all the time frames and according to the new set of candles in 240 minutes and 60 minutes chart.
The daily chart is showing a possible new higher low and if this higher low develope it's movement, that will be the pattern that it can visit the major resistance $900.98
Having said that, the 240 minutes chart is doing something a bit more different than the daily and this particular discrepancy can delay the up trend a bit longer. The 240 minutes chart is showing an over extended up trend that so far it manage to denial more than 80% of the previos retracement. In some way this is good but if we think about it the movement can try to build a new higher low and fail.
So, if that happen the price can reach once again the SMA 200 or in the worse case scenario it could reach $453.00.
The 60 minutes chart is showing 3 higher lows already build and the price is fighting with the bottom tales of a minor resistance area ($748.00)
The strategy today could be once again using the small time frames to reach one or maximum two targets to take advantage of a potential new uncertainty in the market today.
Here, the Pre Market Analysis.
http://youtu.be/9C1hmEBFq3Y
Very nice call on the move back up to $600. Hopefully we don't go back down to 400 now.
It's just what the candles are saying at the moment.Thanks for the heads up.
P.S: I was expecting one of you excellent comments about our currency.
eheheh, Thanks Lucano. I might be the inspirational BTC speaker but you are the master of the Candles
But here, how about an esoteric BTC comment? Just for fun.
BTC's rising sign is Leo. Leo is ruled by the Sun. So that means, when the sun goes through Aries (and other fire signs), things might get explosive. Early this year, BTC's rise coincided with the suns move through Aries (March/April). Well, in less than two days, the sun is moving through Sagittarius (fire sign) - symbolizes EXPANSION amongst other things. This is happening in the 5th house - Leo's house. So, maybe the fun is just starting.
Its about sharing (my crazy ideas)
I'm an Aries and a dog in the Mayan calendar. I studied the Mayan calendar in Costa Rica, I lived there for 10 years.
P.S: I should keep an eye during the next 36 hours.
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