We clearly broke out of the downtrend now. I really can't see it below 400 USD again.
Bought my last mBTC a few days ago. From now on, I will never buy again, only use the rpietilla SSS plan to slowly take some profit
Topic: Videoblog & Technical Analysis for Bitcoin - page 3. (Read 44139 times)
agreed, bullish
We clearly broke out of the downtrend now. I really can't see it below 400 USD again.
Bought my last mBTC a few days ago. From now on, I will never buy again, only use the rpietilla SSS plan to slowly take some profit
We clearly broke out of the downtrend now. I really can't see it below 400 USD again.
Bought my last mBTC a few days ago. From now on, I will never buy again, only use the rpietilla SSS plan to slowly take some profit
Good Morning Bitcoiners,
The daily chart is confirming the first hypothesis of the week and so far the price keep pushing the price up to penetrate the $465,88 to create a domino effect and to bring more traders and market makers to visit the $470,00 area which is the bottom tale of the major resistance. the new target is as challenging but possible and if the price reaches $470,00 the market will change the behaviour and a different trend could be on it's way.
The 12 hours chart shows coordination with the daily chart in terms of new Higher Low's and it seems like the buyers are trying to push the price above the new area of consolidation now that the price manage to visit the $465,88 area for the third time. This new price behaviour can create a domino effect that can benefit the buyers and the buyers volume should increase the momentum that the price is having right now towards major resistance.
The 240 minutes chart manage to turn the previous over extended retracement into an ideal higher low, pushing the price with a powerful long range candle stick towards the SMA 200 and the minor resistance $459,39. The price is building a new Higher Low that can use the SMA 200 as support and eventually the same new pattern can take the price above $470,00 but only if the price stays above the previous consolidation.
In the 60 minutes chart the SMA 200 was use as support and at the same time the time frame shows how the break up was created by the first Higher Low and the result was a powerful over extended up trend that right now is trying to build a bullish flag or a consolidation using the other SMA's (10,20) as supports to push it self up and keep the momentum going.
If the price keeps the consolidation above the previous sideways area and 60 minutes chart keeps building a new bullish pattern then the market might keep the bullish patterns active and the Higher Low in 12 hours chart will continue it's development until the price reaches the $470,00 area.
This the Pre Market Analysis
http://youtu.be/x-J_Ns1PYPc
The daily chart is confirming the first hypothesis of the week and so far the price keep pushing the price up to penetrate the $465,88 to create a domino effect and to bring more traders and market makers to visit the $470,00 area which is the bottom tale of the major resistance. the new target is as challenging but possible and if the price reaches $470,00 the market will change the behaviour and a different trend could be on it's way.
The 12 hours chart shows coordination with the daily chart in terms of new Higher Low's and it seems like the buyers are trying to push the price above the new area of consolidation now that the price manage to visit the $465,88 area for the third time. This new price behaviour can create a domino effect that can benefit the buyers and the buyers volume should increase the momentum that the price is having right now towards major resistance.
The 240 minutes chart manage to turn the previous over extended retracement into an ideal higher low, pushing the price with a powerful long range candle stick towards the SMA 200 and the minor resistance $459,39. The price is building a new Higher Low that can use the SMA 200 as support and eventually the same new pattern can take the price above $470,00 but only if the price stays above the previous consolidation.
In the 60 minutes chart the SMA 200 was use as support and at the same time the time frame shows how the break up was created by the first Higher Low and the result was a powerful over extended up trend that right now is trying to build a bullish flag or a consolidation using the other SMA's (10,20) as supports to push it self up and keep the momentum going.
If the price keeps the consolidation above the previous sideways area and 60 minutes chart keeps building a new bullish pattern then the market might keep the bullish patterns active and the Higher Low in 12 hours chart will continue it's development until the price reaches the $470,00 area.
This the Pre Market Analysis
http://youtu.be/x-J_Ns1PYPc
Good Morning Bitcoiners,
The weekly chart and the 3 days chart still showing the continuation of a down trend but the daily chart is against it and it shows a previous up trend denying more than 80% of the previous retracement and a potential new Higher Low can push the price towards $465,88.
The lower volume keeps the price in consolidation and that can benefit the traders and market makers supporting the bullish signs, only if the price manage to keep building the buying patterns that can benefit major time frames such as monthly and weekly chart. The positive messages can eventually increase the short and long term trades if the buyers keep absorbing the resistance and the consolidation keeps the penetration going.
The daily chart is showing that the up trend from last week manage to deny the previous retracement that it was ready to take the price towards $397,16 but instead, the price manage to pull back creating a new pattern that can become a new Higher Low, taking the price towards $465,88 which is in my opinion the first target of the week.
The same situation is happening with the 12 hours chart, after a powerful up trend that it manage to deny the previous Lower High and right now is building a new Higher Low. The price is trying to build the first Higher Low and if that happen there is a chance for the price and the buyers to have Higher Low's in daily and the 12 hours at the same time.
This week is very important for the buyers and if the price manage to bring sufficient volume to create the two Higher Low's we mentioned before then it's an opportunity for the market to experience a new behaviour on the price and a new opportunity for the price to reach $465,88.
The weekly Analysis.
http://youtu.be/x-J_Ns1PYPc
The weekly chart and the 3 days chart still showing the continuation of a down trend but the daily chart is against it and it shows a previous up trend denying more than 80% of the previous retracement and a potential new Higher Low can push the price towards $465,88.
The lower volume keeps the price in consolidation and that can benefit the traders and market makers supporting the bullish signs, only if the price manage to keep building the buying patterns that can benefit major time frames such as monthly and weekly chart. The positive messages can eventually increase the short and long term trades if the buyers keep absorbing the resistance and the consolidation keeps the penetration going.
The daily chart is showing that the up trend from last week manage to deny the previous retracement that it was ready to take the price towards $397,16 but instead, the price manage to pull back creating a new pattern that can become a new Higher Low, taking the price towards $465,88 which is in my opinion the first target of the week.
The same situation is happening with the 12 hours chart, after a powerful up trend that it manage to deny the previous Lower High and right now is building a new Higher Low. The price is trying to build the first Higher Low and if that happen there is a chance for the price and the buyers to have Higher Low's in daily and the 12 hours at the same time.
This week is very important for the buyers and if the price manage to bring sufficient volume to create the two Higher Low's we mentioned before then it's an opportunity for the market to experience a new behaviour on the price and a new opportunity for the price to reach $465,88.
The weekly Analysis.
http://youtu.be/x-J_Ns1PYPc
Good Day Bitcoiners,
The consolidation in the 3 day chart still can't break the resistance and the $465,88 area seems to be the main target if the buyers manage to absorb the congestion. If the buyers volume increases there is a chance that new patterns will emerge intraday and the $452,67 will be penetrate so the price can continue the up trend towards $503.99 which is the main targrt for the 3 day chart.
The daily chart still showing a price trying to deny the previous retracemtent and the buyers are trying to go over $458,20. It's possible that the up trend manage to reach that area if the buyers volume keeps growing.
The 12 hours chart shows that the price deny previous retracement almost 100% regardless of how over extended the movement looks like right now we still a chance to see a higher low failure or another consolidation and that can keep the price and the penetrations of the resistance in tune with the buyers until the up trend penetrates the $459,24 area and a potential new rally will appear towards $480,00.
The 4 hour chart shows a price and few patterns that can help the price to reach $459,24 one more time and the SMA 200 will be a second target that can be use as support to build the second Higher Low and take the price to the new resistance area.
60 minutes chart looks promising, with the price using the SMA 200 as support and the SMA's of 10 and 20 crossing each other, meaning that market behaviour is about to change we can experience a price with new targets above $447,40 and the continuation of the up trend leading the price and the buyers to the new resistance for the day which is $459,24.
Here is the Pre Market Analysis.
http://youtu.be/x8mkKw407BY
The consolidation in the 3 day chart still can't break the resistance and the $465,88 area seems to be the main target if the buyers manage to absorb the congestion. If the buyers volume increases there is a chance that new patterns will emerge intraday and the $452,67 will be penetrate so the price can continue the up trend towards $503.99 which is the main targrt for the 3 day chart.
The daily chart still showing a price trying to deny the previous retracemtent and the buyers are trying to go over $458,20. It's possible that the up trend manage to reach that area if the buyers volume keeps growing.
The 12 hours chart shows that the price deny previous retracement almost 100% regardless of how over extended the movement looks like right now we still a chance to see a higher low failure or another consolidation and that can keep the price and the penetrations of the resistance in tune with the buyers until the up trend penetrates the $459,24 area and a potential new rally will appear towards $480,00.
The 4 hour chart shows a price and few patterns that can help the price to reach $459,24 one more time and the SMA 200 will be a second target that can be use as support to build the second Higher Low and take the price to the new resistance area.
60 minutes chart looks promising, with the price using the SMA 200 as support and the SMA's of 10 and 20 crossing each other, meaning that market behaviour is about to change we can experience a price with new targets above $447,40 and the continuation of the up trend leading the price and the buyers to the new resistance for the day which is $459,24.
Here is the Pre Market Analysis.
http://youtu.be/x8mkKw407BY
Good Morning Bitcoiners,
The price manage to register new highs taking the price to $449,79 and at the same time the price is showing that buyer can keep the penetration of previous retracement in order to send a new message to the market establishing that the market and the buyers will try to keep the momentum with a new set of buying patterns intraday or a potential consolidation to help the major time frames to build the buying patters and push the price above $458,20.
The 12 hours chart shows a Lower High failure plus and over extended up trend that can continue towards $458,20 denying the previous correction 100% and setting new possibilities for the price to chance the bearish trend and for the market to benefit the buyers.
At the same time the 240 minutes chart shows the Lower High failure and the up trend that it manage to continue towards the minor resistance. The bottom tale of this new resistance is $449,80 and the top tale is the resistance is $459,24 which is above the SMA 200. In my opinion, the SMA 200 and $449,80 are the new challenge for the buyers right now.
The over extended trend needs a new consolidation and a new bullish pattern to confirm the buyers intentions in the 12 hours chart and the daily chart so in that way a new set of messages can keep the momentum and benefit the buyers.
The 60 minutes chart shows in more detail the evolution of the up trend and the messages we collect in today's analysis. The price still using the SMA 200 as support and resistance almost at the same time in order to change the down trend in the major time frames. The SMA 200, 20 and 10 they are working in a positive way in this time frame and it can help to develop of a new set of bullish patterns to keep the buyers and the opportunities on the buyers side.
Here is the Pre Market Analysis.
http://youtu.be/2qtQ9eE05LY
The price manage to register new highs taking the price to $449,79 and at the same time the price is showing that buyer can keep the penetration of previous retracement in order to send a new message to the market establishing that the market and the buyers will try to keep the momentum with a new set of buying patterns intraday or a potential consolidation to help the major time frames to build the buying patters and push the price above $458,20.
The 12 hours chart shows a Lower High failure plus and over extended up trend that can continue towards $458,20 denying the previous correction 100% and setting new possibilities for the price to chance the bearish trend and for the market to benefit the buyers.
At the same time the 240 minutes chart shows the Lower High failure and the up trend that it manage to continue towards the minor resistance. The bottom tale of this new resistance is $449,80 and the top tale is the resistance is $459,24 which is above the SMA 200. In my opinion, the SMA 200 and $449,80 are the new challenge for the buyers right now.
The over extended trend needs a new consolidation and a new bullish pattern to confirm the buyers intentions in the 12 hours chart and the daily chart so in that way a new set of messages can keep the momentum and benefit the buyers.
The 60 minutes chart shows in more detail the evolution of the up trend and the messages we collect in today's analysis. The price still using the SMA 200 as support and resistance almost at the same time in order to change the down trend in the major time frames. The SMA 200, 20 and 10 they are working in a positive way in this time frame and it can help to develop of a new set of bullish patterns to keep the buyers and the opportunities on the buyers side.
Here is the Pre Market Analysis.
http://youtu.be/2qtQ9eE05LY
Good Morning Bitcoiners,
The possibilities of a new up trend or the continuation of the down trend still active. The balance between the two sides buyers and sellers still equal and sellers want to take the price down towards $428,01 so they can keep their momentum until they reach $397,16 and in the other hand, the buyers are trying to create a new higher low in the daily chart to take the price towards $458,20.The buyers seems to have a small advantage at this point and $458,20 seems possible if the buyers volume keeps coming.
The 12 hours chart shows a Lower High failure that it manage to deny the previous retracement, pushing the price up and at the same time buyers are trying to find no obstacles to set a new pattern or to keep the momentum and take the price towards $458,20.
Now, the 240 minutes chart is showing another Lower High failure, a new triple bottom tale and a new pull back that it manage to deny the previous retracement. the price and the buyers can keep the momentum towards $449,80 which is the new resistance area so a new challenge will emerge. The challenge for the buyers is to absorb all the congestion if the price reaches $449,80 so the up trend can penetrate the SMA 200.
In the 60 minutes chart we can see how the price is using the SMA 200 as support and resistance at the same time. A new higher low is trying to keep the momentum so the price can reach $448,00 and if the price reaches that area, the buyers volume will increase and a second Higher Low will be the one who can confirm the buyers intentions to push the price towards $459,24.
The buyers have a small advantage at this point and if the price keeps it’s momentum and reaches $459,24 that will help the major time frames to create a new set of buying patterns that can lead the price towards $470,96 and set a new Lower High failure on the daily chart which in my opinion will be the pattern that can change everything.
Here is the Pre Market Analysis.
http://youtu.be/S4D-R0JcDgY
The possibilities of a new up trend or the continuation of the down trend still active. The balance between the two sides buyers and sellers still equal and sellers want to take the price down towards $428,01 so they can keep their momentum until they reach $397,16 and in the other hand, the buyers are trying to create a new higher low in the daily chart to take the price towards $458,20.The buyers seems to have a small advantage at this point and $458,20 seems possible if the buyers volume keeps coming.
The 12 hours chart shows a Lower High failure that it manage to deny the previous retracement, pushing the price up and at the same time buyers are trying to find no obstacles to set a new pattern or to keep the momentum and take the price towards $458,20.
Now, the 240 minutes chart is showing another Lower High failure, a new triple bottom tale and a new pull back that it manage to deny the previous retracement. the price and the buyers can keep the momentum towards $449,80 which is the new resistance area so a new challenge will emerge. The challenge for the buyers is to absorb all the congestion if the price reaches $449,80 so the up trend can penetrate the SMA 200.
In the 60 minutes chart we can see how the price is using the SMA 200 as support and resistance at the same time. A new higher low is trying to keep the momentum so the price can reach $448,00 and if the price reaches that area, the buyers volume will increase and a second Higher Low will be the one who can confirm the buyers intentions to push the price towards $459,24.
The buyers have a small advantage at this point and if the price keeps it’s momentum and reaches $459,24 that will help the major time frames to create a new set of buying patterns that can lead the price towards $470,96 and set a new Lower High failure on the daily chart which in my opinion will be the pattern that can change everything.
Here is the Pre Market Analysis.
http://youtu.be/S4D-R0JcDgY
Good Morning Bitcoiners,
Buyers can't take over the sellers and the up trend from previous session couldn't deny previous correction. It's possible that the new selling patterns in 12 hours chart and 240 minutes chart will take the price towards $429,60 and if the price manage to penetrate below that area then the seller will have an opportunity to push the price towards $397,16 unless a new up trend denies the bearish hypothesis and buyers push the price towards $448,00
The daily chart is showing that the price hasn't been able to reach the last daily highs $447,77 and buyers can't deny the previous retracements. The continuation of the down trend is possible if the price manage to reach $431,56.
The 12 hours chart is not giving much hope to the traders that are trapped. The $459,80 was a very good area the close positions and so far the new consolidation will only work for the sellers at this point because the 12 hours chart is building a new lower high that can take the price towards $425,67 and potentially the down trend can take the price to the major support area $420,27 which is the main target for this particula time frame.
The 240 minutes chart show a different story that it can benefit the buyers if the price manage to deny the lower high and the up trend reaches $454,15. With that in mind, the price will deny the previous correction in all the major time frames and it will bring new set of buying patterns that will push the price towards the SMA 200 and $459,24 will be an easy target for the buyers.
The hypothesis for the 240 minutes chart it's possible because of the long consolidation we are experiencing right now in the 60 minutes chart. The 60 minutes chart show a price using the SMA n200 as support and resistance at the same time and if the price keep building a strong support that's when we will see an unbalance market bringing benefits to the buyers.
The bearish and bullish hypothesis shows that market is in balance right now and we need a break up or break down in the 60 minutes chart to resolve the situation, take advantage of the patterns and follow the trading plan and the trend.
Here is the Pre Market Analysis.
http://youtu.be/c-DU7RkOoNA
Buyers can't take over the sellers and the up trend from previous session couldn't deny previous correction. It's possible that the new selling patterns in 12 hours chart and 240 minutes chart will take the price towards $429,60 and if the price manage to penetrate below that area then the seller will have an opportunity to push the price towards $397,16 unless a new up trend denies the bearish hypothesis and buyers push the price towards $448,00
The daily chart is showing that the price hasn't been able to reach the last daily highs $447,77 and buyers can't deny the previous retracements. The continuation of the down trend is possible if the price manage to reach $431,56.
The 12 hours chart is not giving much hope to the traders that are trapped. The $459,80 was a very good area the close positions and so far the new consolidation will only work for the sellers at this point because the 12 hours chart is building a new lower high that can take the price towards $425,67 and potentially the down trend can take the price to the major support area $420,27 which is the main target for this particula time frame.
The 240 minutes chart show a different story that it can benefit the buyers if the price manage to deny the lower high and the up trend reaches $454,15. With that in mind, the price will deny the previous correction in all the major time frames and it will bring new set of buying patterns that will push the price towards the SMA 200 and $459,24 will be an easy target for the buyers.
The hypothesis for the 240 minutes chart it's possible because of the long consolidation we are experiencing right now in the 60 minutes chart. The 60 minutes chart show a price using the SMA n200 as support and resistance at the same time and if the price keep building a strong support that's when we will see an unbalance market bringing benefits to the buyers.
The bearish and bullish hypothesis shows that market is in balance right now and we need a break up or break down in the 60 minutes chart to resolve the situation, take advantage of the patterns and follow the trading plan and the trend.
Here is the Pre Market Analysis.
http://youtu.be/c-DU7RkOoNA
I don't believe the bearish hypotesis.
We broke the downtrend on the charts. I think we have seen the bottom. From now on, it will go up. Mark my words
I would like to feel the same way but, the 12 hours chart has to show a bigger up trend than the one we have right now because so far the pattern is turning into a new Lower high and that could send the price below $429,60 and $420,27 could be the level of reaction. We broke the downtrend on the charts. I think we have seen the bottom. From now on, it will go up. Mark my words
pff, I just bought at 443
I don't care of it "retests" 420.27 or not. In a month we will see >500 I guess
I don't believe the bearish hypotesis.
We broke the downtrend on the charts. I think we have seen the bottom. From now on, it will go up. Mark my words
I would like to feel the same way but, the 12 hours chart has to show a bigger up trend than the one we have right now because so far the pattern is turning into a new Lower high and that could send the price below $429,60 and $420,27 could be the level of reaction. We broke the downtrend on the charts. I think we have seen the bottom. From now on, it will go up. Mark my words
I don't believe the bearish hypotesis.
We broke the downtrend on the charts. I think we have seen the bottom. From now on, it will go up. Mark my words
We broke the downtrend on the charts. I think we have seen the bottom. From now on, it will go up. Mark my words
Good Morning Bitcoiners,
The price still not ready for a change and seller are keeping the control of the situation. Yesterday, the seller manage to deny 4 days of up trends sending and important message to the market and warning the buyers that the price still a bit far from the potential bullish trend that we mentioned in previous sessions. The next 72 hours will bring counter trends that can take the price to different levels and new opportunities will appear intraday.
The weekly chart shows the price visiting an important support area and shows how weak the price is at this point and the possibilities of a continuation of the correction still possible. If the down trend continues there is a chance for the price to reach $397,16 which is the last obstacle before the price reaches $339,79.
In order to see the latest bearish hypothesis happening, we need to see the 3 days chart and the price leading it's ways towards $420,27. That area that I mentioned just now can increase the sellers volume and at the same time it can speed up the retracement towards $397,16. which is the last obstacle towards the major support.
The daily chart shows a pull back that it manage to cancel 4 days of a positive up trend with only one day of market but at the same time still didin't mamange to reach $420,27 which is an area that can trigger selling orders and it can create a new sell off.
The bullish hypothesis still around with counter trends and potential opportunities with small time frames such as 15 minutes chart and 60 minutes chart. during the next 72 hours.
If the price manage to push it self up and reach $460,00 then it's possible that new buying patterns will appear denying previous retracements and a new side ways trend can appear one more time with a fluctuation between supports ($460,00) and resistance ($470,96). This could benefit buyers and sellers but specially the buyers intraday with operations in small time frames reaching 1, 2, 3 targets.
Here is the Weekly Analysis.
http://youtu.be/Mqa90bZMNf0
The price still not ready for a change and seller are keeping the control of the situation. Yesterday, the seller manage to deny 4 days of up trends sending and important message to the market and warning the buyers that the price still a bit far from the potential bullish trend that we mentioned in previous sessions. The next 72 hours will bring counter trends that can take the price to different levels and new opportunities will appear intraday.
The weekly chart shows the price visiting an important support area and shows how weak the price is at this point and the possibilities of a continuation of the correction still possible. If the down trend continues there is a chance for the price to reach $397,16 which is the last obstacle before the price reaches $339,79.
In order to see the latest bearish hypothesis happening, we need to see the 3 days chart and the price leading it's ways towards $420,27. That area that I mentioned just now can increase the sellers volume and at the same time it can speed up the retracement towards $397,16. which is the last obstacle towards the major support.
The daily chart shows a pull back that it manage to cancel 4 days of a positive up trend with only one day of market but at the same time still didin't mamange to reach $420,27 which is an area that can trigger selling orders and it can create a new sell off.
The bullish hypothesis still around with counter trends and potential opportunities with small time frames such as 15 minutes chart and 60 minutes chart. during the next 72 hours.
If the price manage to push it self up and reach $460,00 then it's possible that new buying patterns will appear denying previous retracements and a new side ways trend can appear one more time with a fluctuation between supports ($460,00) and resistance ($470,96). This could benefit buyers and sellers but specially the buyers intraday with operations in small time frames reaching 1, 2, 3 targets.
Here is the Weekly Analysis.
http://youtu.be/Mqa90bZMNf0
Thanks for posting your analyses Lucano! They are balanced and therefore useful.
Thank you. If they are useful then I'm happy!! yup It's always great to hear your take Lucano.
Thanks a lot !! 
Thanks for posting your analyses Lucano! They are balanced and therefore useful.
Thank you!! 
yup It's always great to hear your take Lucano.
Thanks for posting your analyses Lucano! They are balanced and therefore useful.
Good Morning Bitcoiners,
The price is giving us the ideal conditions for a new up trend and the 3 day chart is sending the right messages. If price manage to reach $465,88 the market will change it's behaviour and the new pattern on the weekly chart will be the one to watch.
The daily chart shows how powerful the previous up trend was and it manage to reach $452,00 with only one day of market, denying 4 days of retracements and sending an important message to the market and bringing more opportunities intraday.
There is opportunities with all the time frames right now. The 12 hours chart shows an up trend that manage to deny the previous down trend in more than 90% and it's building a new consolidation that can bring more positive opportunities during today's market session. With the right volume from the buyers side there is a chance that the price will penetrate $452,00 and if that happen there is a new target for the price and the up trend which is $465,88 and potentially $470,96.
The price shows a new double bottom tale in the 240 minutes chart that is trying to reach the SMA 200 which is near $465,88. the price . If the price reaches the SMA 200 there is a possibility that it uses the SMA as support to continue it's bullish momentum towards $465,88 and the next target could be $490,00.
The $445,00 was the first of 3 major targets for the price in order to see a new behaviour on the price and the market. The $452,00 was the second target and right now $465,88 is the last target that if the price manage to reach then the up trend will have a new opportunity that can take the momentum to the next big target which is the $490,00 area.
http://youtu.be/-LupsIk_yFQ
The price is giving us the ideal conditions for a new up trend and the 3 day chart is sending the right messages. If price manage to reach $465,88 the market will change it's behaviour and the new pattern on the weekly chart will be the one to watch.
The daily chart shows how powerful the previous up trend was and it manage to reach $452,00 with only one day of market, denying 4 days of retracements and sending an important message to the market and bringing more opportunities intraday.
There is opportunities with all the time frames right now. The 12 hours chart shows an up trend that manage to deny the previous down trend in more than 90% and it's building a new consolidation that can bring more positive opportunities during today's market session. With the right volume from the buyers side there is a chance that the price will penetrate $452,00 and if that happen there is a new target for the price and the up trend which is $465,88 and potentially $470,96.
The price shows a new double bottom tale in the 240 minutes chart that is trying to reach the SMA 200 which is near $465,88. the price . If the price reaches the SMA 200 there is a possibility that it uses the SMA as support to continue it's bullish momentum towards $465,88 and the next target could be $490,00.
The $445,00 was the first of 3 major targets for the price in order to see a new behaviour on the price and the market. The $452,00 was the second target and right now $465,88 is the last target that if the price manage to reach then the up trend will have a new opportunity that can take the momentum to the next big target which is the $490,00 area.
http://youtu.be/-LupsIk_yFQ
Good Morning Bitcoines,
The consolidation we have in major time frames are bringing positive opportunities for the buyers and after the price manage to build a new double tale area there is trying to push the price up towards areas such as $445.00 but the major target for the buyers is probably $465,88 and that means powerful counter trends and a new potential change on the behaviour of the price and a new challenge for the seller.
The 12 hours chart shows the buyers trying to push the price up towards $445,00 and could be the up trend that can trigger a more powerful counter trend towards $465,88 if the buyer and their volume keeps growing during today’s session.
The 240 minutes chart is showing a lower high failure that can benefit the counter trends and if the price manage to penetrate $445,00 buyers will have a change to generate profits reaching a minor target $455,78 keeping the momentum towards $465,88.
60 minutes chart is very similar to the previous time frame and both frames have the similar patterns that can invite the buyers with their volume to push the price towards the SMA 200 and after that target the buyers will have $445,00 and $455,78 before reaching $465,88.
In the event that the last hypothesis becomes a reality there is a chance that the behaviour of the price will change and the buyers will have more opportunities to go in the market and create buying pattern to benefit the new trend.
Here is the Pre Market Analysis
http://youtu.be/SUKHnFQFKOk
The consolidation we have in major time frames are bringing positive opportunities for the buyers and after the price manage to build a new double tale area there is trying to push the price up towards areas such as $445.00 but the major target for the buyers is probably $465,88 and that means powerful counter trends and a new potential change on the behaviour of the price and a new challenge for the seller.
The 12 hours chart shows the buyers trying to push the price up towards $445,00 and could be the up trend that can trigger a more powerful counter trend towards $465,88 if the buyer and their volume keeps growing during today’s session.
The 240 minutes chart is showing a lower high failure that can benefit the counter trends and if the price manage to penetrate $445,00 buyers will have a change to generate profits reaching a minor target $455,78 keeping the momentum towards $465,88.
60 minutes chart is very similar to the previous time frame and both frames have the similar patterns that can invite the buyers with their volume to push the price towards the SMA 200 and after that target the buyers will have $445,00 and $455,78 before reaching $465,88.
In the event that the last hypothesis becomes a reality there is a chance that the behaviour of the price will change and the buyers will have more opportunities to go in the market and create buying pattern to benefit the new trend.
Here is the Pre Market Analysis
http://youtu.be/SUKHnFQFKOk
Good Morning Bitcoiners,
Once again the bearish momentum that the price is experiencing right now keeps the seller in full control of the market and the down trend still have a chance to continue towards major support $339,79 and in the event that this down trend keep the sellrs volume in a high level then the worse case scenario could be that the price reach the SMA 200 on the weekly chart.
The weekly chart shows a price reaching a minor support $416,11 and there is a chance that the down trend keeps going because there is not obstacles on the left hand side for this particular time frame that can stop the trend towards $336,79 unless the next counter trends manage to push the price back up towards minor resistance intraday.
The 3 days chart keep the bearish hypothesis from last week active. We explained last week that it was not strong up trends from the buyers side that can interrupt the bearish momentum intraday, instead we have a powerful “b” formation that right now it seems that it’s getting traction from the sellers and it will try to penetrate the actual lower levels from the daily chart to conquer the minor support and keep the down trend towards $339,79.
The daily chart show 4 days of down trends and a new lower high that it’s resisting to developed towards $397,16 and the reason why the price is not keeping the down trend going is probably because the previous the pattern is over extended and it maange to reach a support area that it’s acting as point of reaction and that can help the buyers and the potential counter trends for the next 24/72 hours of market.
If we look at the 12 hours chart we can see the over extended down trend in more detail and right now the manage to build a new double bottom tale that can act as a new support and if that happen there is a chance that the price goes back up and the counter trend will bring opportunities into the market for the traders and the market makers. The market can bring enough buyers and sufficient volume to push the price above $445,00 and that will be the first of many small details that can help us to create the potential bullish hypothesis of new bullish pattern towards $470,96.
Here is the Weekly Analysis.
http://youtu.be/PxOHd8wu164
Once again the bearish momentum that the price is experiencing right now keeps the seller in full control of the market and the down trend still have a chance to continue towards major support $339,79 and in the event that this down trend keep the sellrs volume in a high level then the worse case scenario could be that the price reach the SMA 200 on the weekly chart.
The weekly chart shows a price reaching a minor support $416,11 and there is a chance that the down trend keeps going because there is not obstacles on the left hand side for this particular time frame that can stop the trend towards $336,79 unless the next counter trends manage to push the price back up towards minor resistance intraday.
The 3 days chart keep the bearish hypothesis from last week active. We explained last week that it was not strong up trends from the buyers side that can interrupt the bearish momentum intraday, instead we have a powerful “b” formation that right now it seems that it’s getting traction from the sellers and it will try to penetrate the actual lower levels from the daily chart to conquer the minor support and keep the down trend towards $339,79.
The daily chart show 4 days of down trends and a new lower high that it’s resisting to developed towards $397,16 and the reason why the price is not keeping the down trend going is probably because the previous the pattern is over extended and it maange to reach a support area that it’s acting as point of reaction and that can help the buyers and the potential counter trends for the next 24/72 hours of market.
If we look at the 12 hours chart we can see the over extended down trend in more detail and right now the manage to build a new double bottom tale that can act as a new support and if that happen there is a chance that the price goes back up and the counter trend will bring opportunities into the market for the traders and the market makers. The market can bring enough buyers and sufficient volume to push the price above $445,00 and that will be the first of many small details that can help us to create the potential bullish hypothesis of new bullish pattern towards $470,96.
Here is the Weekly Analysis.
http://youtu.be/PxOHd8wu164
Good Day Bitcoiners,
Today the market shows that the sellers still trying to the deny the last 4 days of possitive momentum from the buyers. At the same time the up trend on the daily charts is not a strong one and it couldn't penetrate the previous retracement and the price only manage to create new highs $465,88 The price still weak and it can continue the correction if the buyers can't consolidate the price during today's session.
Good Day Bitcoiners,
Today the market shows that the sellers still trying to the deny the last 4 days of possitive momentum from the buyers. At the same time the up trend on the daily charts is not a strong one and it couldn't penetrate the previous retracement and the price only manage to create new highs $465,88 The price still weak and it can continue the correction if the buyers can't consolidate the price during today's session.
The daily chart shows that the up trend is taking a break from the previous 4 days after the price manage to reach $465,88 and at the same time today's market is creating new lower levels leaving the bearish pattern (Lower High) with more chance to be build. If the lower high gets active there is a chance that the price will go down towards $433,00 which is a minor target bacause the major target for the today's market for the sellers is located at $397,16 and it will erase what the buyers manage to build for the last 4 days.
The 12 hours chart is very similar to the daily chart and the only situation that can change the behaviour of the price right now is with the buyers. The buyers have to build a new consolidation intraday that can help the price to stay in between support and resistance to help the daily chart and the 3 day chart to continue with the absorption of the sellers in order to build a new buying pattern. In the event that this hypothesis don't work then the sellers will push the price toward $424,00.
The 240 minutes chart show a more positive time frame and it is possible that the price will try to bonce back up to build a new lower high or a new up trend can erase the previous retracement and the SMA200 will be the next target. The SMA200 could be use as consolidation area to build a new pattern that can lead the price one more time towards $465,88 and the reason for that is because the price reach the $465,88 once and it can reach it and continue towards $490,00.
The 60 minutes char shows a previous over extended retracement that it manage to visit a minor support. the price and the seller have a lot of congestion on the left hand side and there is not an easy task for the sellers to push the price towards $433,08 which is the main support in this particular time frame. If the price reaches the SMA200 again there is a possibility that it uses the SMA200 to hold it self from it and ride the SMA200 until a new higher low appears to penetrate areas above $465,88 which is the previous highs on the daily chert.
Here is the Pre Market Analysis.
http://youtu.be/pPmyvyZHanU
Today the market shows that the sellers still trying to the deny the last 4 days of possitive momentum from the buyers. At the same time the up trend on the daily charts is not a strong one and it couldn't penetrate the previous retracement and the price only manage to create new highs $465,88 The price still weak and it can continue the correction if the buyers can't consolidate the price during today's session.
Good Day Bitcoiners,
Today the market shows that the sellers still trying to the deny the last 4 days of possitive momentum from the buyers. At the same time the up trend on the daily charts is not a strong one and it couldn't penetrate the previous retracement and the price only manage to create new highs $465,88 The price still weak and it can continue the correction if the buyers can't consolidate the price during today's session.
The daily chart shows that the up trend is taking a break from the previous 4 days after the price manage to reach $465,88 and at the same time today's market is creating new lower levels leaving the bearish pattern (Lower High) with more chance to be build. If the lower high gets active there is a chance that the price will go down towards $433,00 which is a minor target bacause the major target for the today's market for the sellers is located at $397,16 and it will erase what the buyers manage to build for the last 4 days.
The 12 hours chart is very similar to the daily chart and the only situation that can change the behaviour of the price right now is with the buyers. The buyers have to build a new consolidation intraday that can help the price to stay in between support and resistance to help the daily chart and the 3 day chart to continue with the absorption of the sellers in order to build a new buying pattern. In the event that this hypothesis don't work then the sellers will push the price toward $424,00.
The 240 minutes chart show a more positive time frame and it is possible that the price will try to bonce back up to build a new lower high or a new up trend can erase the previous retracement and the SMA200 will be the next target. The SMA200 could be use as consolidation area to build a new pattern that can lead the price one more time towards $465,88 and the reason for that is because the price reach the $465,88 once and it can reach it and continue towards $490,00.
The 60 minutes char shows a previous over extended retracement that it manage to visit a minor support. the price and the seller have a lot of congestion on the left hand side and there is not an easy task for the sellers to push the price towards $433,08 which is the main support in this particular time frame. If the price reaches the SMA200 again there is a possibility that it uses the SMA200 to hold it self from it and ride the SMA200 until a new higher low appears to penetrate areas above $465,88 which is the previous highs on the daily chert.
Here is the Pre Market Analysis.
http://youtu.be/pPmyvyZHanU
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