Good Day Bitcoiners,
This morning in London we experience the continuation of the up trend which is the one that it was trying to penetrate key resistance areas towards $460,00 and now the price manage to push it self up above the SMA200 in time framaes such as 60 minutes chart and it's giving the buyers opportunity to build new buying patterns to take the price above $470,96.
Today's analysis will show the post market situations and how the other side of the world with their buyers and sellers will take advantage of the opportunities that the market is presenting right now
The daily chart shows a price penetrating the cluster on the left hand side and still have room to move forward towards $470,96 in case the buyers brings sufficient volume to extend the up trend. the other case scenario is happening as we speak, the up trend is over extended and that will create a potential retracement during the night.
The 12 hours chart shows a lower high failure and the up trend manage to reach the top tales of the minor resistance on the left hand side, helping the price to take off towards the $480,00 area and if price reaches that area there is a possibility that the seller will try to push the price down to deny the entire up trend.
We support the bullish hypothesis based on what the 240 minutes chart shows at this point. The 240 minutes chart shows a price reaching the SMA200 and a new higher low trying to continue the penetration of the top tales of the previous resistance. Buyers volume still growing and there is a chance for the up trend to reach $470,00 first before the new challenge appears which is the $480,00 area.
The 60 minutes chart show similarities with the previous time frame and now that the price is above the SMA200 the buyers might build a new consolidation using the SMA200 as a main support to help the major time frames to build the new buying patterns that can take the price up towards $480,00 and eventually $491,75 .
The bearish hypothesis still alive and if the sellers create a down trend that reaches $444,79 then we have to change the strategy and wait for more messages from the major time frames becuase the retracement to that area can only be good for the sellers and the new lower high on the daily chart will be real.
Here is the Market Analysis for today.
http://youtu.be/hw6tNpwoCk0
Topic: Videoblog & Technical Analysis for Bitcoin - page 4. (Read 44139 times)
Good Morning Bitcoiners,
The 3 day chart shows a price reaching the SMA200 and buyers could use this area to create a new support area and at the same time this area can create an up trend that it will try to deny the previous candle stick and the price will try to reach $495,53. We have to take into consideration that this hypothesis it’s subject to fail because if the sellers volume keeps coming. The messages are pretty much incosistent between major time frames and intraday time frames such as 240 minutes and 60 minutes chart.
It’s not an easy task for the sellers trying to push the price below the SMA 200 in the 3 day chart and the battle for control over the price is far from over at this point and the counter trends can be the answer today.
The daily chart is showing how week the price is at the moment and the new lower high in formation is just the confirmation of how far the price can go in the event that buyers can’t push the price back up one more time. The lower high is not 100% ready but, in case the bearish pattern goes on there is a chance that the down trend reaches $381,88 which is the next support available in this time frame.
At the same time it is possible that the price tries to create a lower high failure to push the price up and deny the previous correction with a new patterns that can deny in more than 70% the previous correction and price could reach $463,73. This hypothesis could change the behaviour of the price and the market itself to benefit the buyers and the counter trends towards minor resistance.
The 12 hours chart is showing a price denying the previous retracement 100%. Regardless of the bearish patterns in the 3 day chart and daily chart, there is a chance that the 12 hours chart brings a new consolidation against the sellers intentions and if this happen we can find the lower high failure hypothesis for the daily chart more accurate in this case.
The 240 minutes chart shows a lower high failure and a consolidation that right now is trying to break up towards the SMA 200. This situation can continue towards the $460,00 area. The last case scenario could be that the seller will manage to penetrate the supports and push the price towards $423,00 in if that happen there is a chance that the price could reach it’s major target for the day $412,97.
With the 60 minutes chart the consolidation is more clear and the SMA 200 more close to the price. The buyers volume is increasing by the hour and there is a chance for a potential break up towards the SMA 200 but that could only happen is the price manage to penetrate above $443,89.
Here is the Pre Market Analysis.
http://youtu.be/IRd4lpZkIwc
The 3 day chart shows a price reaching the SMA200 and buyers could use this area to create a new support area and at the same time this area can create an up trend that it will try to deny the previous candle stick and the price will try to reach $495,53. We have to take into consideration that this hypothesis it’s subject to fail because if the sellers volume keeps coming. The messages are pretty much incosistent between major time frames and intraday time frames such as 240 minutes and 60 minutes chart.
It’s not an easy task for the sellers trying to push the price below the SMA 200 in the 3 day chart and the battle for control over the price is far from over at this point and the counter trends can be the answer today.
The daily chart is showing how week the price is at the moment and the new lower high in formation is just the confirmation of how far the price can go in the event that buyers can’t push the price back up one more time. The lower high is not 100% ready but, in case the bearish pattern goes on there is a chance that the down trend reaches $381,88 which is the next support available in this time frame.
At the same time it is possible that the price tries to create a lower high failure to push the price up and deny the previous correction with a new patterns that can deny in more than 70% the previous correction and price could reach $463,73. This hypothesis could change the behaviour of the price and the market itself to benefit the buyers and the counter trends towards minor resistance.
The 12 hours chart is showing a price denying the previous retracement 100%. Regardless of the bearish patterns in the 3 day chart and daily chart, there is a chance that the 12 hours chart brings a new consolidation against the sellers intentions and if this happen we can find the lower high failure hypothesis for the daily chart more accurate in this case.
The 240 minutes chart shows a lower high failure and a consolidation that right now is trying to break up towards the SMA 200. This situation can continue towards the $460,00 area. The last case scenario could be that the seller will manage to penetrate the supports and push the price towards $423,00 in if that happen there is a chance that the price could reach it’s major target for the day $412,97.
With the 60 minutes chart the consolidation is more clear and the SMA 200 more close to the price. The buyers volume is increasing by the hour and there is a chance for a potential break up towards the SMA 200 but that could only happen is the price manage to penetrate above $443,89.
Here is the Pre Market Analysis.
http://youtu.be/IRd4lpZkIwc
Good Morning bitcoiners,
Yersterday the market was showing signs of reaction from the buyers side which will benefit the creation of new bearish patterns, possible consolidations or the last case scenario could be a powerful up trend that can deny the previous correction in more than 50%. The down trend is the strongest one and it can continue towards $397,16 which is a minor support but the main target is located at $339,79.
The other possibility is that the buyers can try to reach the dialy highs from yesterday which are located at $452,16 and if the buyers volume comes in there is a chance for the price to reach $470,96 and that can send a new message towards a potential up trend denying the previous retracement. Counter trends can be beneficial if we use small time frames such as 60 minutes or 15 minutes chart to reach 1 or 2 targets to keep the performance up.
The 12 hours chart shows a new bearish pattern (Lower High in construction) that could send the price straigh to $397,16 and keep the penetration towards the major support and create a new sell off that can bing new volatility to the market and more opportunities intraday. The volume from buyers or sellers is important if we want to see a new behaviour from the price it self or a continuation of the down trend towards major support.
240 minutes chart is some a lack of coordination with the two top major time frames (daily/12H Chart). We see deep up trends denying the previous retracements and the price seems that it’s trying to reach the SMA 200 and if that happen that can change the conditions of the market and the counter trends can bring new opportunities during the day as long as the volume shows up
Finally, the 60 minutes chart shows coordiantion with the 240 minutes charts and its the chart with more activity from the major times frames for last two days. From $424,00 the price keeps it’s motion with powerful up trend denying the previous previous powerful retracements. The previous up trend manage to deny 3 lower highs and there is a new higher low in formation that can take the price towards $461,97 and after that the next target could be the SMA 200 which located at $471,00.
Opportunities will be available with the small time frames that can help traders to reach 1 or 2 targets so the positive performance can stay on our side.
Here is the Pre Market Analysis.
http://youtu.be/5TWZkizPyW4
Yersterday the market was showing signs of reaction from the buyers side which will benefit the creation of new bearish patterns, possible consolidations or the last case scenario could be a powerful up trend that can deny the previous correction in more than 50%. The down trend is the strongest one and it can continue towards $397,16 which is a minor support but the main target is located at $339,79.
The other possibility is that the buyers can try to reach the dialy highs from yesterday which are located at $452,16 and if the buyers volume comes in there is a chance for the price to reach $470,96 and that can send a new message towards a potential up trend denying the previous retracement. Counter trends can be beneficial if we use small time frames such as 60 minutes or 15 minutes chart to reach 1 or 2 targets to keep the performance up.
The 12 hours chart shows a new bearish pattern (Lower High in construction) that could send the price straigh to $397,16 and keep the penetration towards the major support and create a new sell off that can bing new volatility to the market and more opportunities intraday. The volume from buyers or sellers is important if we want to see a new behaviour from the price it self or a continuation of the down trend towards major support.
240 minutes chart is some a lack of coordination with the two top major time frames (daily/12H Chart). We see deep up trends denying the previous retracements and the price seems that it’s trying to reach the SMA 200 and if that happen that can change the conditions of the market and the counter trends can bring new opportunities during the day as long as the volume shows up
Finally, the 60 minutes chart shows coordiantion with the 240 minutes charts and its the chart with more activity from the major times frames for last two days. From $424,00 the price keeps it’s motion with powerful up trend denying the previous previous powerful retracements. The previous up trend manage to deny 3 lower highs and there is a new higher low in formation that can take the price towards $461,97 and after that the next target could be the SMA 200 which located at $471,00.
Opportunities will be available with the small time frames that can help traders to reach 1 or 2 targets so the positive performance can stay on our side.
Here is the Pre Market Analysis.
http://youtu.be/5TWZkizPyW4
Good Morning Bitcoiners,
With a weak price and several external factor putting pressure on market it self so the seller can have full control the only option available at this point is with the counter trends. The counter trends are necessary for the formation of new bearish patterns and that’s when we can take advantage of the market before the price reaches $339,79 because that area can create high levels of volatility.
The weekly chart shows a retracement that still trying to reach a minor support at $416,11. That support is can be history today and the continuation of the correction can only push the price towards $339,79. There is a possibility that the price reacts from the $416,11 area which a minor support and if that happen that could be a bonus for counter trends because if there not reaction from the buyers at the level then the price will have space towards the major support in the bext 72 hours of market and the panic will help the movement to speed up a bit more.
The 3 days chart shows the last 3 days of correction denying what buyer manage to build and the price is going towards $397,16 which is a minor support and a minor level of reaction that could stop the sellers or it will just confirm the bearish trend towards major support and potentialy the SMA 200.
The daily chart it’s not a positive one either for the buyers that got positions above $500,00. The last 3 days of retracements just manage to give to the price possibilities and to the sellers opportunities to create a new sell off to reach below $397,16 but, before that the price needs to reach $413,72 and that area could be an area where a new consolidation can start.
The panic only brings opportunities to the market and the professional traders that have a plan and they use it. A plan can minimized the loses, the exposure and the emotions. Make sure you have a plan for the new opportunities.
Here is the Weekly Analysis.
http://youtu.be/at2enbFS0Rs
With a weak price and several external factor putting pressure on market it self so the seller can have full control the only option available at this point is with the counter trends. The counter trends are necessary for the formation of new bearish patterns and that’s when we can take advantage of the market before the price reaches $339,79 because that area can create high levels of volatility.
The weekly chart shows a retracement that still trying to reach a minor support at $416,11. That support is can be history today and the continuation of the correction can only push the price towards $339,79. There is a possibility that the price reacts from the $416,11 area which a minor support and if that happen that could be a bonus for counter trends because if there not reaction from the buyers at the level then the price will have space towards the major support in the bext 72 hours of market and the panic will help the movement to speed up a bit more.
The 3 days chart shows the last 3 days of correction denying what buyer manage to build and the price is going towards $397,16 which is a minor support and a minor level of reaction that could stop the sellers or it will just confirm the bearish trend towards major support and potentialy the SMA 200.
The daily chart it’s not a positive one either for the buyers that got positions above $500,00. The last 3 days of retracements just manage to give to the price possibilities and to the sellers opportunities to create a new sell off to reach below $397,16 but, before that the price needs to reach $413,72 and that area could be an area where a new consolidation can start.
The panic only brings opportunities to the market and the professional traders that have a plan and they use it. A plan can minimized the loses, the exposure and the emotions. Make sure you have a plan for the new opportunities.
Here is the Weekly Analysis.
http://youtu.be/at2enbFS0Rs
Good Day Bitcoiners,
Again, the price reacts thanks to the warning letter issue by the PBOC.
Sellers are in full control and they are keeping the sell off going and the next target could be below $437,82 and if the sellers volume keeps coming there is a chance that counter trends will bring opportunities during the weekend. Buyers are not in the best position at the moment unless the prices reacts against the seller and that can happen if the price goes back up from $439,50.
The daily chart is showing a deep and powerful retracement that it manage to deny the previous up trend in more than 50% and still have space on the left hand side to continue the correction towards $397,16 if the sellers volume keeps coming.
The 12 hours chart is showing a long range candle stick that it manage to deny the entire consolidation from previous sessions and the cluster on the left hand side it's been the only point of reaction that it manage to stop the sell off for a moment. a possible counter trend can start from here but with the sellers volume increasing, we have to analysed the other small time frames to find the possible counter trend patterns or stay still until new opportunities in terms of counter trends arrive.
240 minutes chart shows how powerful the message is from the sellers and there is nothing we can do to stop the retracement unless buyers volume gets in the push the price back up to build a new lower high. If the up trend comes in to build the bearish pattern, there is a chance that the price keeps the up trend momentum and the previous retracement could be deny by the buyers and the price will reach $480,00. that will send a positive message to the market and the buyers will have something to work with. It's too soon to tell but we have to keep analysing the behaviour of this trend to take best opportunity.
60 minutes chart manage to build the lower high and apart from that only a new response from the buyers can bring opportunities to trade.
there is nothing at the moment that can tell us that sell off has ended. It's is a possibility in the horizon that can bring counter trends today but at this point we need to wait a bit more because the biggest move it's done and right now the price will try to consolidate to build bearish patterns or counter trends.
http://youtu.be/vq2ytgLsM9Q
Again, the price reacts thanks to the warning letter issue by the PBOC.
Sellers are in full control and they are keeping the sell off going and the next target could be below $437,82 and if the sellers volume keeps coming there is a chance that counter trends will bring opportunities during the weekend. Buyers are not in the best position at the moment unless the prices reacts against the seller and that can happen if the price goes back up from $439,50.
The daily chart is showing a deep and powerful retracement that it manage to deny the previous up trend in more than 50% and still have space on the left hand side to continue the correction towards $397,16 if the sellers volume keeps coming.
The 12 hours chart is showing a long range candle stick that it manage to deny the entire consolidation from previous sessions and the cluster on the left hand side it's been the only point of reaction that it manage to stop the sell off for a moment. a possible counter trend can start from here but with the sellers volume increasing, we have to analysed the other small time frames to find the possible counter trend patterns or stay still until new opportunities in terms of counter trends arrive.
240 minutes chart shows how powerful the message is from the sellers and there is nothing we can do to stop the retracement unless buyers volume gets in the push the price back up to build a new lower high. If the up trend comes in to build the bearish pattern, there is a chance that the price keeps the up trend momentum and the previous retracement could be deny by the buyers and the price will reach $480,00. that will send a positive message to the market and the buyers will have something to work with. It's too soon to tell but we have to keep analysing the behaviour of this trend to take best opportunity.
60 minutes chart manage to build the lower high and apart from that only a new response from the buyers can bring opportunities to trade.
there is nothing at the moment that can tell us that sell off has ended. It's is a possibility in the horizon that can bring counter trends today but at this point we need to wait a bit more because the biggest move it's done and right now the price will try to consolidate to build bearish patterns or counter trends.
http://youtu.be/vq2ytgLsM9Q
Good Morning Bitcoiners,
Sellers still have some control over the price and because of the lower volume there is a slow retracement that it's working for the sellers side. This situation can help the price to reach $470,00.
However, the bullish hypothesis still active and there is a chance that the buying orders near the the major support $470/472 could bring volatility and the retracements we see in the small time frames can be deny by a powerful up trend that can generate new highs for the daily chart.
The 12 hours chart, shows an over extended down trend that it's keeping the retracement going towards the major support $470,00 and this could generate some kind of reaction from the buyers at that level because of the amount of buying orders waiting to be trigger. If price goes to such area it will form a new double bottom floor and that could beneficial for the buyers and no so much for the sellers. If the price bounce back up during the next few hours then there is a chance that the price will reach $494,09 which will be one of the first targets for the day.
240 minutes chart already generate 3 lower highs and the fourth lower high is close to the support (point of reaction) that trigger volatility and the last lower high can be deny with and up trend and if price reaches $494,09 we can have new highs on the daily chart and a new opportunity for the price to push it self up towards $504.90.
60 minutes chart it's not too different to the rest of time frames at this point but it has a significant opportunity for the buyers is the volume comes in. Denying the last lower high in this time frame will help the bullish hypothesis for the 240 minutes chart and that can bring sufficient buying power to push event further toward above $504.90 and why not towards $515,00.
Here is the Pre Market Analysis.
http://youtu.be/IHlYxzaME5A
Sellers still have some control over the price and because of the lower volume there is a slow retracement that it's working for the sellers side. This situation can help the price to reach $470,00.
However, the bullish hypothesis still active and there is a chance that the buying orders near the the major support $470/472 could bring volatility and the retracements we see in the small time frames can be deny by a powerful up trend that can generate new highs for the daily chart.
The 12 hours chart, shows an over extended down trend that it's keeping the retracement going towards the major support $470,00 and this could generate some kind of reaction from the buyers at that level because of the amount of buying orders waiting to be trigger. If price goes to such area it will form a new double bottom floor and that could beneficial for the buyers and no so much for the sellers. If the price bounce back up during the next few hours then there is a chance that the price will reach $494,09 which will be one of the first targets for the day.
240 minutes chart already generate 3 lower highs and the fourth lower high is close to the support (point of reaction) that trigger volatility and the last lower high can be deny with and up trend and if price reaches $494,09 we can have new highs on the daily chart and a new opportunity for the price to push it self up towards $504.90.
60 minutes chart it's not too different to the rest of time frames at this point but it has a significant opportunity for the buyers is the volume comes in. Denying the last lower high in this time frame will help the bullish hypothesis for the 240 minutes chart and that can bring sufficient buying power to push event further toward above $504.90 and why not towards $515,00.
Here is the Pre Market Analysis.
http://youtu.be/IHlYxzaME5A
Good Day Bitcoiners,
The 3 day chart still showing sings of potential up trends in the short and medium term. There is a pattern information that could change the trend and the buyers volume can come back one more time so the penetration towards $548,00 could be possible during the course of the week.
The 12 hours chart shows an over extended down trend and the price still above the the $480,00 after visiting which will benefit the buyers intentions and the consolidation if the price decides to break up towards $516,53.
The 240 minutes chart has a new lower high that it has not develope 100% and there is a chance that the buyers could push the price to deny the lower high ant to send the price towards higher levels in order to build a new higher low or an over extended up trend that can push the price towards $537,24 which is a minor resistance but it's a very important one.
60 minutes chart shows an opportunity for the sellers to send the price towards $485,20 and that can either continue towards $470,00 or the last case scenario could be that the price will build a new double bottom floor and a new pattern will appear just to keep the sides ways trend active and the bullish hypothesis intact.
Here, the Pre Market Analysis.
http://youtu.be/z6JyAYoZxU8
The 3 day chart still showing sings of potential up trends in the short and medium term. There is a pattern information that could change the trend and the buyers volume can come back one more time so the penetration towards $548,00 could be possible during the course of the week.
The 12 hours chart shows an over extended down trend and the price still above the the $480,00 after visiting which will benefit the buyers intentions and the consolidation if the price decides to break up towards $516,53.
The 240 minutes chart has a new lower high that it has not develope 100% and there is a chance that the buyers could push the price to deny the lower high ant to send the price towards higher levels in order to build a new higher low or an over extended up trend that can push the price towards $537,24 which is a minor resistance but it's a very important one.
60 minutes chart shows an opportunity for the sellers to send the price towards $485,20 and that can either continue towards $470,00 or the last case scenario could be that the price will build a new double bottom floor and a new pattern will appear just to keep the sides ways trend active and the bullish hypothesis intact.
Here, the Pre Market Analysis.
http://youtu.be/z6JyAYoZxU8
cheers Lucano 
my favorite analyst.
my favorite analyst. indeed, I check your channel on a daily basis
great guy!
Thank you for the feed back
cheers Lucano my favorite analyst.
my favorite analyst. indeed, I check your channel on a daily basis
great guy!
cheers Lucano my favorite analyst.
my favorite analyst.
Good Morning Bitcoiners,
Price still keeping the consolidation as a main subject and there is a chance that the consolidation can break up any time soon.
The side ways trend right now is giving some traders opportunities in small time frames such as 15 minutes and 5 minutes.
The daily chart is showing a side ways trend for the last 4 days and it's keeping the bullish hypothesis intact. The price will have to penetrate important areas towars new highs in order to bring more buyers and more volume to the market so the up trend can reach $548,00 as the first target for the week. there is a chance that the price builds a new higher low that can help the reflected in the 3 days chart and if both time frame coordinates the same pattern that will increase the possibility of more buyers and more volume.
The 12 hours chart shows a consolidation that it's taking it's own time to build opportunities and to absorb the entire congestion on the left hand side. Again, the same pattern (Higer Low) for the 3 day and the dayli chart can be build here. $516,53 will be the area to penetrate and the price will find no obstacles to continue towards $548,00.
The 60 minutes chart shows the consolidation in more detail and the fluctuation of the price is bringing opportunities in small time frames such as 15/5 minutes. Price will have to penetrate $504.90 if we want to see more opportunities to reach 1/2 targets using the small time frames.
Here, The pre market analysis.
http://youtu.be/tZTVD8Eghvg
Price still keeping the consolidation as a main subject and there is a chance that the consolidation can break up any time soon.
The side ways trend right now is giving some traders opportunities in small time frames such as 15 minutes and 5 minutes.
The daily chart is showing a side ways trend for the last 4 days and it's keeping the bullish hypothesis intact. The price will have to penetrate important areas towars new highs in order to bring more buyers and more volume to the market so the up trend can reach $548,00 as the first target for the week. there is a chance that the price builds a new higher low that can help the reflected in the 3 days chart and if both time frame coordinates the same pattern that will increase the possibility of more buyers and more volume.
The 12 hours chart shows a consolidation that it's taking it's own time to build opportunities and to absorb the entire congestion on the left hand side. Again, the same pattern (Higer Low) for the 3 day and the dayli chart can be build here. $516,53 will be the area to penetrate and the price will find no obstacles to continue towards $548,00.
The 60 minutes chart shows the consolidation in more detail and the fluctuation of the price is bringing opportunities in small time frames such as 15/5 minutes. Price will have to penetrate $504.90 if we want to see more opportunities to reach 1/2 targets using the small time frames.
Here, The pre market analysis.
http://youtu.be/tZTVD8Eghvg
Price keeps denying previous retracements and it's possibly building higher low's (3 days/Daily) intwo major time frames.
At the same time the weekly chart is doing the right thing which helps to the constructions of new supports for the price towards new highs.
The 3 day chart shows that the price manage to maintain it's consistency towards new consolidations and it's keeping the bullish hypothesis alive. It is possible that a new consolidation will keep the price in between $470,00 and $493,00 for the next few sessions until the 3 days chart builds a bullish pattern that it will take the price towards $710,00 which in my opinion should be the target for the week.
Price can build a "P" formation, bullish flag or just a powerful higher low in this particular time frame that can confirm the buyers intentions and the new direction for the price.
The daily chart shows that the price already have a new higher low but, it has not been developed 100% and it could take some time because is absorbing all the resistance on the left hand side in order to push the price towards new high and to penetrate the entire resistance.
Consolidations are extremely important to create strong supports that can help the price and the buyers to continue the recovery and it will help to bring more volume to the market.
It's possible that we will experience a new bullish momentum in the next few sessions but in order for this to happen we need the buyers to absorb all the sellers out there so the price will dictate the next step to benefit the buyers and the market it self.
Retracements can occur at any time but, if the price does not penetrate bellow $470,00 there is a chance for the buyers and the bullish hypothesis to succeed during the week.
http://youtu.be/n0mNE9jX2kE
At the same time the weekly chart is doing the right thing which helps to the constructions of new supports for the price towards new highs.
The 3 day chart shows that the price manage to maintain it's consistency towards new consolidations and it's keeping the bullish hypothesis alive. It is possible that a new consolidation will keep the price in between $470,00 and $493,00 for the next few sessions until the 3 days chart builds a bullish pattern that it will take the price towards $710,00 which in my opinion should be the target for the week.
Price can build a "P" formation, bullish flag or just a powerful higher low in this particular time frame that can confirm the buyers intentions and the new direction for the price.
The daily chart shows that the price already have a new higher low but, it has not been developed 100% and it could take some time because is absorbing all the resistance on the left hand side in order to push the price towards new high and to penetrate the entire resistance.
Consolidations are extremely important to create strong supports that can help the price and the buyers to continue the recovery and it will help to bring more volume to the market.
It's possible that we will experience a new bullish momentum in the next few sessions but in order for this to happen we need the buyers to absorb all the sellers out there so the price will dictate the next step to benefit the buyers and the market it self.
Retracements can occur at any time but, if the price does not penetrate bellow $470,00 there is a chance for the buyers and the bullish hypothesis to succeed during the week.
http://youtu.be/n0mNE9jX2kE
Good Morning Bitcoiners,
After 6 days of rally the price and the up trend are both taking a break and the seller are trying to push the price down to deny the entire up trend.
There is a chance that seller can't create too much damage if the price dont go below $478,00.
Potential fluctuation of the price in between supports and resistance can be something good for the future bullish patterns specially if the buyer manage to build a higher low in the daily chart.
http://youtu.be/0yYIVeV0gOo
After 6 days of rally the price and the up trend are both taking a break and the seller are trying to push the price down to deny the entire up trend.
There is a chance that seller can't create too much damage if the price dont go below $478,00.
Potential fluctuation of the price in between supports and resistance can be something good for the future bullish patterns specially if the buyer manage to build a higher low in the daily chart.
http://youtu.be/0yYIVeV0gOo
indeed. I think we found a higher low at 481.63 USD. This is just over 50% of the recent uptrend. Bullish if this trend holds
Good Morning Bitcoiners,
After 6 days of rally the price and the up trend are both taking a break and the seller are trying to push the price down to deny the entire up trend.
There is a chance that seller can't create too much damage if the price dont go below $478,00.
Potential fluctuation of the price in between supports and resistance can be something good for the future bullish patterns specially if the buyer manage to build a higher low in the daily chart.
http://youtu.be/0yYIVeV0gOo
After 6 days of rally the price and the up trend are both taking a break and the seller are trying to push the price down to deny the entire up trend.
There is a chance that seller can't create too much damage if the price dont go below $478,00.
Potential fluctuation of the price in between supports and resistance can be something good for the future bullish patterns specially if the buyer manage to build a higher low in the daily chart.
http://youtu.be/0yYIVeV0gOo
Good Day Bitcoiners,
5 days of rally, manage to deny 14 days of retracements and the price manage to reach new highs $547,00 just below a major resistance.
That's an important message from the buyers and the market itself.
http://youtu.be/GkUNGpdgK_E
5 days of rally, manage to deny 14 days of retracements and the price manage to reach new highs $547,00 just below a major resistance.
That's an important message from the buyers and the market itself.
http://youtu.be/GkUNGpdgK_E
Good Morning Bitcoiners,
Price is still not showing sings of reaction towards new up trends and the buyers still trying to deny previous correction but the sellers volume is more powerful at this point and panic is taking over the market.
$441,00 could be the target in today's market session if price still trying to push it self up.
The worse case scenario is that the 240 minutes charts builds a new lower high and if that occurs then the price will have a chance to visit $339,79 one more time and no obstacles on the left to continue the correction.
http://youtu.be/PsahhyM_ji8
Price is still not showing sings of reaction towards new up trends and the buyers still trying to deny previous correction but the sellers volume is more powerful at this point and panic is taking over the market.
$441,00 could be the target in today's market session if price still trying to push it self up.
The worse case scenario is that the 240 minutes charts builds a new lower high and if that occurs then the price will have a chance to visit $339,79 one more time and no obstacles on the left to continue the correction.
http://youtu.be/PsahhyM_ji8
Good Evening Bitcoiners,
New sell off in 60 minutes chart is showing that the down trend still possible and there is a chance for the price to continue towards $416,11.
However, there is an over extended trend on the 60 minutes chart that it could bring a new up trend that can either build a new lower high or the same up trend can deny the previous correction and push the price towards $453,77 which is where the SMA 200 is located.
http://youtu.be/pg8sK3KneDM
New sell off in 60 minutes chart is showing that the down trend still possible and there is a chance for the price to continue towards $416,11.
However, there is an over extended trend on the 60 minutes chart that it could bring a new up trend that can either build a new lower high or the same up trend can deny the previous correction and push the price towards $453,77 which is where the SMA 200 is located.
http://youtu.be/pg8sK3KneDM
Good Morning Bitcoiners,
Price is building a consolidation towards new up trend that can take the price over $465,00.
The Lower High on the daily chart is not working for the sellers side and it can be deny by a powerfull break up in case the consolidation manage to build a strong support.
$541,00 seems to be the possible target in case the price gets out of the sideways trend.
http://youtu.be/uW8MJT2MLgg
Price is building a consolidation towards new up trend that can take the price over $465,00.
The Lower High on the daily chart is not working for the sellers side and it can be deny by a powerfull break up in case the consolidation manage to build a strong support.
$541,00 seems to be the possible target in case the price gets out of the sideways trend.
http://youtu.be/uW8MJT2MLgg
Good Morning Bitcoiners,
Weekly chart is over extended and the last long range candle stick manage to reach major support.
If the 3 day chart can push the price back up again then it will try to build a new lower high. The particular lower high can fail andthe price can push it self up towards $509,00 and potentially $541,00.
Counter trends can become the new thing until the major time frames bring stronger patters to help the buyers.
http://youtu.be/jp1zdK7bJqc
Weekly chart is over extended and the last long range candle stick manage to reach major support.
If the 3 day chart can push the price back up again then it will try to build a new lower high. The particular lower high can fail andthe price can push it self up towards $509,00 and potentially $541,00.
Counter trends can become the new thing until the major time frames bring stronger patters to help the buyers.
http://youtu.be/jp1zdK7bJqc
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