Good Morning Bitcoiners,
The break up towards the new highs was denail by a high volatility.
the price is respecting the SMA 200 in 240 and 60 minutes charts.
P.S: small delay today and a technical issue. apologize.
Here the pre market analysis.
http://youtu.be/jBQRgULNwO0
Topic: Videoblog & Technical Analysis for Bitcoin - page 16. (Read 44123 times)
Good Morning Bitcoiners,
The market is not showing signs of reaction yet.
The daily candle stick of yesterday's market session have a top tale and it seems more like its absorbing the major resistance and it could be a positive signal towards a potential up trend.
The 240 minute chart still have the higher low active and it's consolidating above the SMA 200.
The 60 minutes chart is doing the same in terms of consolidation and is using the SMA 200 a main suppoort.
have this two chart giving me the same reading could be a positive signal for a potential uptrend in the next trading hours.
Yesterdays break up manage to visit the bottom tales of the major resistance and for that reason I'm not surprise that the price is absorbing bottom tales first which is the most difficult part and after the bodies will be next.
For a bearish trend, I have to see a pull back and a possible denial of the previous higher low in the 240 minutes chart to see the price go towards $132.00 one more time.
Here, the pre market analysis.
http://youtu.be/5ijTSSocQag
The market is not showing signs of reaction yet.
The daily candle stick of yesterday's market session have a top tale and it seems more like its absorbing the major resistance and it could be a positive signal towards a potential up trend.
The 240 minute chart still have the higher low active and it's consolidating above the SMA 200.
The 60 minutes chart is doing the same in terms of consolidation and is using the SMA 200 a main suppoort.
have this two chart giving me the same reading could be a positive signal for a potential uptrend in the next trading hours.
Yesterdays break up manage to visit the bottom tales of the major resistance and for that reason I'm not surprise that the price is absorbing bottom tales first which is the most difficult part and after the bodies will be next.
For a bearish trend, I have to see a pull back and a possible denial of the previous higher low in the 240 minutes chart to see the price go towards $132.00 one more time.
Here, the pre market analysis.
http://youtu.be/5ijTSSocQag
Enjoyed watching some of your videos. Nice Candle interpretations.
Hopefully we can break up and out of the forming triangle/pennant...
Thanks for sharing,
IAS
Thank you for watching Hopefully we can break up and out of the forming triangle/pennant...
Thanks for sharing,
IAS
BTC 
Enjoyed watching some of your videos. Nice Candle interpretations.
Hopefully we can break up and out of the forming triangle/pennant...
Thanks for sharing,
IAS
Hopefully we can break up and out of the forming triangle/pennant...
Thanks for sharing,
IAS
Good Morning Bitcoiners,
Early this morning we saw how the consolidation was penetrated after a break down failure in the 60 minute chart.
11 red candles stick were denial by only four green candles sticks in the 60 minutes chart.
This particular formation was showing a powerful movement in the 240 minutes chart and still keeping the momentum going towards new highs.
Regardless how erratic 60 minute chart was, such time frame still very important and vital for the readings.
A break down failure, a denial of the previous formation, a visit to the SMA 200 in one uptrend, a first higher low breaking through and finally the price is using the SMA 200 as support building a second higher low.
Seems to me that the next time frame to watch is the 240 minute chart to find a new entry when the first higher low gets created and the pattern can direct the price towards $142.23 which is the max highs for the main resistance.
It's not simple and easy as it sounds but taking into consideration several charts and the formations we see so far, the uptrend can be possible.
Last but not least, the 3 day chart shows a new higher low active and in completed motion towards the top tales but, first it has to penetrated bodies and the top tales.
We should have action for a while.
Here, the pre market analysis.
http://youtu.be/8q2IgjuGO0Y
P.S: waiting for the new mic to arrived today.
Early this morning we saw how the consolidation was penetrated after a break down failure in the 60 minute chart.
11 red candles stick were denial by only four green candles sticks in the 60 minutes chart.
This particular formation was showing a powerful movement in the 240 minutes chart and still keeping the momentum going towards new highs.
Regardless how erratic 60 minute chart was, such time frame still very important and vital for the readings.
A break down failure, a denial of the previous formation, a visit to the SMA 200 in one uptrend, a first higher low breaking through and finally the price is using the SMA 200 as support building a second higher low.
Seems to me that the next time frame to watch is the 240 minute chart to find a new entry when the first higher low gets created and the pattern can direct the price towards $142.23 which is the max highs for the main resistance.
It's not simple and easy as it sounds but taking into consideration several charts and the formations we see so far, the uptrend can be possible.
Last but not least, the 3 day chart shows a new higher low active and in completed motion towards the top tales but, first it has to penetrated bodies and the top tales.
We should have action for a while.
Here, the pre market analysis.
http://youtu.be/8q2IgjuGO0Y
P.S: waiting for the new mic to arrived today.
Good Morning Bitcoiners,
The consolidation keeps the price between margins ($3-5) and at the same time the price still weak and it seems that the consolidation will continue for a while.
The daily chart shows with the "b" formation a particular pattern, with daily candles sticks showing bottom tales and it seems that buyers and market makers still trying to load orders and if that's the case that can help a possible break up around $135.00
If such break up happen we can look for a next Higher Low in the 60 minute chart to go long towards $140.00
The bearish hypothesis still intact and if the price break down $130.00 it will be possible for the pull back to go towards $125/122.00
Watching something very important that it's happening for the last four days and it's the low liquidity that it's making time frames such as the 60 minutes chart extremely erratic.
It's very evident that some external facts are happening such as Atlantis and BTC-TC.
I'm a technical trader and as long as I don't have an solid evidence that this two situations are related with MtGox it self I've just have to keep reading the charts and so far the pull back its clear and evident.
The three day chart still showing possible Higher Low and if gets active it can take the price back on track towards Major resistances.
Here, the pre market analysis.
http://youtu.be/alRpCnmDJyw
The consolidation keeps the price between margins ($3-5) and at the same time the price still weak and it seems that the consolidation will continue for a while.
The daily chart shows with the "b" formation a particular pattern, with daily candles sticks showing bottom tales and it seems that buyers and market makers still trying to load orders and if that's the case that can help a possible break up around $135.00
If such break up happen we can look for a next Higher Low in the 60 minute chart to go long towards $140.00
The bearish hypothesis still intact and if the price break down $130.00 it will be possible for the pull back to go towards $125/122.00
Watching something very important that it's happening for the last four days and it's the low liquidity that it's making time frames such as the 60 minutes chart extremely erratic.
It's very evident that some external facts are happening such as Atlantis and BTC-TC.
I'm a technical trader and as long as I don't have an solid evidence that this two situations are related with MtGox it self I've just have to keep reading the charts and so far the pull back its clear and evident.
The three day chart still showing possible Higher Low and if gets active it can take the price back on track towards Major resistances.
Here, the pre market analysis.
http://youtu.be/alRpCnmDJyw
Nice work 
Thank you. 
Nice work
Good Morning Bitcoiners,
Last week end up keeping the price below $145.00 and it didn't allow the buyers to take control and push the price towards the major resistance. Instead, the price manage to create a lower high in the 60 minute chart which created the perfect conditions for the sell off we all experienced in the market.
The riding price that involved the SMA 200 didn't happen in the 60 minutes chart in previous sessions, instead of using the 60 minutes chart, it happened and still happening in the 240 minutes chart which still building a consolidation and still using the SMA 200 as a main support to keep putting pressure to either break up or down.
The weekly chart still showing a Bullish flag that keeps getting more narrow in it's own formation regardless of the SMA's 10-20 showing divergence the price still and the macro trend still bullish.
I'm taking into consideration the main charts here which are Weekly, 3 days (Clarkmoody) and daily.
The 3 day chart shows a formation that it can create the Higher Low that can take the price towards $148.00 and upwards.
The bearish hypothesis could happened when the conoslidation in the 4 hour chart and the "b" formation in the daily chart generates prices below $130.00 and then the penetration which can be seen first in the 60 minutes chart can create a new lower high that can take the price to $128.20 as a point of reaction and then $125.00 could be the target with a possible second target around $122.00
Here, the weekly analysis.
http://youtu.be/WusHalhTylw
Last week end up keeping the price below $145.00 and it didn't allow the buyers to take control and push the price towards the major resistance. Instead, the price manage to create a lower high in the 60 minute chart which created the perfect conditions for the sell off we all experienced in the market.
The riding price that involved the SMA 200 didn't happen in the 60 minutes chart in previous sessions, instead of using the 60 minutes chart, it happened and still happening in the 240 minutes chart which still building a consolidation and still using the SMA 200 as a main support to keep putting pressure to either break up or down.
The weekly chart still showing a Bullish flag that keeps getting more narrow in it's own formation regardless of the SMA's 10-20 showing divergence the price still and the macro trend still bullish.
I'm taking into consideration the main charts here which are Weekly, 3 days (Clarkmoody) and daily.
The 3 day chart shows a formation that it can create the Higher Low that can take the price towards $148.00 and upwards.
The bearish hypothesis could happened when the conoslidation in the 4 hour chart and the "b" formation in the daily chart generates prices below $130.00 and then the penetration which can be seen first in the 60 minutes chart can create a new lower high that can take the price to $128.20 as a point of reaction and then $125.00 could be the target with a possible second target around $122.00
Here, the weekly analysis.
http://youtu.be/WusHalhTylw
Good Morning Bitcoiners,
A break up failure was creating the perfect conditions to initiated a sell off that we experience yesterday.
The price visited the SMA 200 in the 240 minutes and the movement was over extended with over 9 candle sticks.
Such visit to the SMA 200 is creating several hypothesis that we need to take into consideration.
For this last hypothesis we need to see the previous two hypotesis not happening int the 240.
Here the pre market analysis.
http://youtu.be/FI7dwB_R_4k
A break up failure was creating the perfect conditions to initiated a sell off that we experience yesterday.
The price visited the SMA 200 in the 240 minutes and the movement was over extended with over 9 candle sticks.
Such visit to the SMA 200 is creating several hypothesis that we need to take into consideration.
- The price can use the SMA 200 as a main support and go up to create the first Lower High. such Lower high can fail and instead the price will consolidate around the $138.00 price.
- Again, using the SMA 200 as a main support the price will intent to create a new Lower high and it could fail. Instead the price will deny the previos sell off and it will go up again looking to hit the $142.00 price.
For this last hypothesis we need to see the previous two hypotesis not happening int the 240.
Here the pre market analysis.
http://youtu.be/FI7dwB_R_4k
@OP: Thx for that free format!
What do you mean by pre and post market analysis?
There is no pre or post market in Bitcoin because exchanges run 24/7.
Would you mind using some more indicators where you see fit?
Can I follow your charts on tradingview.com?
Pre Market: it's only due the fact that I'm starting my trading day.What do you mean by pre and post market analysis?
There is no pre or post market in Bitcoin because exchanges run 24/7.
Would you mind using some more indicators where you see fit?
Can I follow your charts on tradingview.com?
Post Market: pretty much about what happened and what we did.
About indicators:
Too much analysis too much paralysis.
I would love to have more indicators to use here but so far I dont use them and to be honest it keeps me away to be too bias.
As far as I know, an indicator is good when you have evidence and results to back up such indicator and so far I haven't seen one for Bitcoin.
I would love to see some of those to test them in the field.
P.S: Thank you for watching
I did some backtesting of many indicators on BTC myself, so far
I can suggest:
PSAR (depending on your trading mode, I do swing trading in short-mid term intervals, therfore I go with 0.04, 0.04, 0.1 on tradingview for 4hr intervals)
EMA (10, close) in 2hr
EMA (21, close) in 2hr
Bollinger Band (20, close, 2) any hr
RSI (14, close) any hr, makes sense from 2hr upwards
@OP: Thx for that free format!
What do you mean by pre and post market analysis?
There is no pre or post market in Bitcoin because exchanges run 24/7.
Would you mind using some more indicators where you see fit?
Can I follow your charts on tradingview.com?
Pre Market: it's only due the fact that I'm starting my trading day.What do you mean by pre and post market analysis?
There is no pre or post market in Bitcoin because exchanges run 24/7.
Would you mind using some more indicators where you see fit?
Can I follow your charts on tradingview.com?
Post Market: pretty much about what happened and what we did.
About indicators:
Too much analysis too much paralysis.
I would love to have more indicators to use here but so far I dont use them and to be honest it keeps me away to be too bias.
As far as I know, an indicator is good when you have evidence and results to back up such indicator and so far I haven't seen one for Bitcoin.
I would love to see some of those to test them in the field.
P.S: Thank you for watching
@OP: Thx for that free format!
What do you mean by pre and post market analysis?
There is no pre or post market in Bitcoin because exchanges run 24/7.
Would you mind using some more indicators where you see fit?
Can I follow your charts on tradingview.com?
What do you mean by pre and post market analysis?
There is no pre or post market in Bitcoin because exchanges run 24/7.
Would you mind using some more indicators where you see fit?
Can I follow your charts on tradingview.com?
Thanks for the analysis
Good Evening Bitcoiners,
Sell off.
Our main hypothesis for the day was no possible thanks to the Lower high created in the 60 minute chart.
The over extended down movement in 240 minute chart was looking toward the SMA 200 and could be using the SMA 200 to go up and build the next pivot (Lower high) to continue with the down trend towards $129.00
If the next formation denies the previous sell of on at least 60%, it's possible that we all see the price bounce back to resistance area and it that case will be $138.00
Here the Post Market.
http://www.youtube.com/watch?v=ayIWI35ICeQ&feature=share&list=UU984H0DP00LvDOvzSs2LbSw
Sell off.
Our main hypothesis for the day was no possible thanks to the Lower high created in the 60 minute chart.
The over extended down movement in 240 minute chart was looking toward the SMA 200 and could be using the SMA 200 to go up and build the next pivot (Lower high) to continue with the down trend towards $129.00
If the next formation denies the previous sell of on at least 60%, it's possible that we all see the price bounce back to resistance area and it that case will be $138.00
Here the Post Market.
http://www.youtube.com/watch?v=ayIWI35ICeQ&feature=share&list=UU984H0DP00LvDOvzSs2LbSw
Only technical analysis?
What is it worth in a bitcoin market driven by manipulation, and fundamentals?
What is it worth in a bitcoin market driven by manipulation, and fundamentals?
How can you do short-term analysis when fundamentals haven't changed for half year or so (except gox problems)? Always up or what?
Only technical analysis?
What is it worth in a bitcoin market driven by manipulation, and fundamentals?
What is it worth in a bitcoin market driven by manipulation, and fundamentals?
Good Morning Bitcoiners,
The recommendation of a long trade yesterday only manage to hit one target. Risk/Reward 1:1.
However, the 60 minutes chart is showing a possible new behavior which involve the SMA 200.
That behavior it's called "Riding the SMA200" and if that happens we still have a chance to see the price going towards the major resistance ($148.61) which is the intraday hypothesis for us.
Here the Pre Market Analysis.
http://youtu.be/1X_1Y1cyJH4
The recommendation of a long trade yesterday only manage to hit one target. Risk/Reward 1:1.
However, the 60 minutes chart is showing a possible new behavior which involve the SMA 200.
That behavior it's called "Riding the SMA200" and if that happens we still have a chance to see the price going towards the major resistance ($148.61) which is the intraday hypothesis for us.
Here the Pre Market Analysis.
http://youtu.be/1X_1Y1cyJH4
Does your technical analysis take into account fundamentals like solvency, legal proceedings, etc when determining what data feed to use?
The analysis is strictly technical.Your talking about solvency (Liquidity). The currency still erratic in small time frames such as 60(No so much) 15/5/3 minutes.
- Legal proceedings- i don't know what do you mean.
- what data feed to use..."It the best and only source with the most amount of data to read based on technical analysis at the moment
The way MtGox charts moves, every single trading platform follows. So be bias until some one else has more account holders and more liquidity than MtGox"
Does your technical analysis take into account fundamentals like solvency, legal proceedings, etc when determining what data feed to use?
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