If that were an alien craft hovering in the same spot for years, this would be a world wide news story. Stars that are low on the horizon flicker and waver while changing colors, this is normal. The atmospheric conditions cause visual distortions that cause these effects. Anyone can prove this for themselves, just watch the same star over the course of several hours, the flickering almost disappears as the star or planet moves overhead, the atomosphere is thinner and less distorting.

Hello there,
I have to say some things about it:
1) this object is much bigger and brighter than any star or a planet, including Venus. (x 6 at least)

2) It does not appear to be in the same spot in the sky every time. Last night it was near constellation Orion.

3) Some times there is more than one. Last night there were 2 of them.

4) I sent these 2 videos to my friend who is an orbital engineer and he said that it might be planet Jupiter. It doesn't explain though the flickering lights and changing color. He also said this "I did indeed watch both videos, and my coworkers also agree that this object is quite bizarre."

Keep looking...
Oksana

Could this be a LOCKHEED X-22A?? I saw some images resembling the object in the video:

"4) The Lockheed X-22A is a two-man antigravity disc fighter.
The late Colonel Steve Wilson, USAF (ret.), stated that military astronauts trained at a secret aerospace academy separate from the regular Air Force Academy at Colorado Springs, CO. These military astronauts then operate out of Beale and Vandenberg Air Force Bases, Northern California From those bases, these military astronauts regularly fly trans-atmospherically and out into space (7). One of the aerospace craft they use, Colonel Wilson reported, is the X-22A.


Another informant, ’Z’, aka ’Jesse’, who formerly worked at the NSA, told me that the Lockheed X-22A antigravity fighter disc fleet is equipped with Neutral Particle Beam directed-energy weapons, that it is capable of effecting optical as well as radar invisibility, and that it is deployable for worldwide military operations from the new U.S. Space Warfare Headquarters, located in hardened underground facilities beneath 13,528’ King’s Peak in the Wasatch Mountains’ High Uintas Primitive (Wilderness) Area, 80 miles east of Salt Lake City (8)."

At this point my orbital engineer friend and I think that this is probably the star Sirius. It is the brightest star in the sky and it somewhat aligns with Orion Belt. Sirius is a binary star system which explains the red and blue color flickering. Nevertheless, the flickering of its light and the intensity of it is still odd. So we are still looking. It is not to say that our alien friends or military forces did not park their air craft right in front of it. This would be the perfect place to hide it... So keep looking...