Videoblog & Technical Analysis for Bitcoin

[Its About Sharing]

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

[Lucano]

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  BTC

[Lucano]

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

[Lucano]

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

[Spekulatius]

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

Hi,

You say around 1:30 that the high volatility price action is "unusual". From a textbook technical trading perspective I would agree but from a Bitcoin perspective Im not. This is totally normal for the Bitcoin market on Mt.Gox. It happens alot even in larger time frames. What is decicive is the grander movement direction, not the outliers. In this regard price follows its general direction as expected even if this general uptrend is "technically" broken.

I dont follow every update of yours so I may have overlooked it, but do you actually pay any attention to chart patterns and tend lines?
They have proven to be the most reliable of all charting techniques and indicators to me.

Take a look at this obvious triangle (o which we are breaking out of atm):

[Lucano]

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

Hi,

You say around 1:30 that the high volatility price action is "unusual". From a textbook technical trading perspective I would agree but from a Bitcoin perspective Im not. This is totally normal for the Bitcoin market on Mt.Gox. It happens alot even in larger time frames. What is decicive is the grander movement direction, not the outliers. In this regard price follows its general direction as expected even if this general uptrend is "technically" broken.

I dont follow every update of yours so I may have overlooked it, but do you actually pay any attention to chart patterns and tend lines?
They have proven to be the most reliable of all charting techniques and indicators to me.

Take a look at this obvious triangle (o which we are breaking out of atm):

Good Morning,
It is good to see how Bitcoin changes the entire concept of classic chartism in certain areas but not in one that for me it's very important. Human sentiment.
As you know, the market only moves in four directions and the human behavior and human sentiment still have a major role towards the trends we see with Bitcoin.
Indifference, greed, uncertainty and panic are always part of the graphics and the auction towards the price it's always the main objective for market makers and the rest of us.

In terms of chat patterns and trend lines, I read multiple time frames to act within the market and my trading decisions can vary from intraday, swing or core trades. It all depends what, the monthly, weekly, daily a 240 minute charts are showing in terms of technical reading, even the 60 minute chart is a great source of information when it's not too erratic.

[Lucano]

Good Morning Bitcoiners,

the weekly analysis shows a currency in full control by the buyers and again we witnessed an important recovery with the price in the last market sessions.

In few hours September will be history and so far I've seen several formations in the main charts (M/W/D/4H) that shows a bullish sentiment intact and with potential towards high prices ($150.00 is my main target).

The monthly chart shows a candle stick leaving a long bottom tale and a small body, kind of like a hammer and in the event that such candle stock stays in with same shape, I will take that as a signal of a continuation of the uptrend towards prices over $150/155.00

In the hand, last weekly candle stick and the entire bullish flag manage to activate a movement that generate new highs, it's keeping the price around major resistance and the penetration manage to reached the top tales of the major resistance which is bonus to facilitate a possible the penetration towards $148.91

the three day candle stick closed with the price right on top of the major resistance and that behavior is exactly the same behavior that the weekly chart generated.
The 3 day chart and it's higher low still have room to go up but don't forget that we are dealing with a major resistance at this point but the potential uptrend still right in front of us.

This week we will see possible pullbacks because of the over extended uptrend in the daily chart, but as long as the price still above $140.00 the potential for a new uptrend is huge and we will maintain the macro hypothesis towards $155.00 during the course of the new month.

Here, the weekly analysis.

http://youtu.be/i7wKkT6yiu4

[Lucano]

Good Morning Bitcoiners,

Today we see a currency with a pull back towards $140.00 and still respecting the SMA 200 in the three major time frames (daily/4H/60M).
The daily chart shows a possible higher low in construction and in the event of activation ($144.44 entry point) can take the price towards $148.00+.
But, because the previous daily up trend was over extended (6 green daily candle sticks)  the entry can fail and instead of going toward new highs we could see a possible pull back toward $138.00 again and keep consolidating a bit longer until a new higher low appears.

Keeping in mind the daily chart will continue the analysis with the 240 minutes chart and because of the previous over extended down trend (again more than three red candle sticks) the new Lower High has not reach it's final destination which is $135.00 and instead of going down, still consolidating more and it's creating another formation which is call a "b" formation.

The 60 minutes chart is the zoom in of the 240 minutes chart and we see a huge consolidations that it hasn't been able to breakdown and if it does it has to visit $138.12 and build a new Lower high to reconsider not to go Long for a while.

to buy and keep going long I will wait until the main consolidation in the 60 minutes chart breaks up and keep the price above $141.94, then I will look for the next higher low in 60/240 minutes and only then I will place the order.

so far the market is doing what is normal at this point which is creating the pull backs and consolidating in order to build the higher low that the daily chart needs to keep going towards $150.00

Here, the pre market analysis.

http://youtu.be/8kbsO0HBGog

[Lucano]

Good Morning Bitcoiners,

The recovery of the currency was almost immediately after the historical sell off last week.
We see several patterns created after the sell off that we believed are important to take into consideration for future trades.

The weekly chart is showing a possible Higher Low in formation and if that pattern gets activated with an uptrend, there is two targets for this pattern to visit ($145/148.00000) and after that $150 will be something more realistic for the movement to be able to reach.

The daily chart is showing that the previous pull back was denial by the new up trend and such movement manage to penetrate more than 80% of the previous down trend and the still still above the previous resistance ($131/135.00000).
If the price stay in the same areas ($131/135) that will help in the construction of the new higher loe in the daily chart and pattern will just validate what the weekly chart is doing right now and the movement will hit $145.81000 but the main target for the higher low should be $148.91000.
Remember that this is the daily chart and each day is a market session so be patience.

Last but not least, the down trend hypothesis will be possible if the price penetrate below $131.00000 and if that happens a next lower high in the 240 minutes chart can take the price towards $121.00000.

The bullish sentiment still intact and it seems that the buyers will keep the control  for a bit longer until the trading books look more positive than last week.

This is the Weekly Analysis.

http://youtu.be/cSKFGVR2t7s

[Lucano]

Good Morning Bitcoiners,

Yesterday's Market was keeping the price between supports and resistance and the SMA 200 was the main star use by the price in the 240/60 charts.

The daily chart created new highs and compare to the last two market sessions still sending positive signals such as a "P" formation and a potential Higher Low in the daily chart.
In the 240 minutes chart the price continues riding the SMA 200 and still using it as a support for a potential break up. $139,00000 it's the price to penetrate today and if that happen that will be the beginning of a new possible higher low in 60/240 chart.
The 60 minutes chart still have the same formation that the 240 minutes chart is showing us as we speak and it keeps riding the SMA 200 and using it as support for a possible break up.

Last but not least, new opportunities for long trades will come if the price penetrates the $139 and if that happened a next Higher Low in 60/240 can potentially take the price towards $145.81000.

The down trend Hypothesis will originate a possible Lower High is the price breaks down and visit $131.00000. But we have to take into consideration that possible movement can create enough volatility to bring buyers and market maker back again to try to take control and eventually the price will back up again to the previous consolidation and this is because the Macro trend and the main charts (weekly/Daily) still showing a bullish trend.

Here, the Pre Market Analysis

http://youtu.be/2s59yiydEt4

[Lucano]

Good Morning Bitcoiners,

We woke up with the price reaching new highs in the daily chart compare to previous sessions.
The 240 minutes chart is showing a long range candle stick breaking the consolidation up and setting up a possible new up trend for the next few hours of market.
The signals that this particular movement is giving us plus the the fact that the 240 minutes candle stick manage to denial a previous lower high pivot and a break down failure it's something we see as a positive sign for the price towards new highs.
With the Intraday session will see a possible new Higher Low in the 240/60 minutes chart and if that happen we will probably see the price visiting the $145 as a first target.
Having said that, it's important to keep the main objective for this whole up trend on record. $148.91 it's the area to be challenge and if the price continues with this positive signs I dont see why not the price should go towards that major resistance.

Here, the Pre Market Analysis.

http://youtu.be/Kb_EjiDrwOw

[viriat0]

Great Analysis,

thanks

[Lucano]

Good Morning Bitcoiners,

The daily chart manage to build a new Higher Low and the price keeps penetrating the $145 area which is a minor resistance and the price has several obstacles to reach the next target which is a very important one in order to reach the main objective. $148.91000

The 240 minutes chart also created a new higher low and it helps the price to reach new high (142.50000) which is another positive sign towards the two targets for the week ($145/148) and the 60 Minutes chart still erratic compare to the other main charts and it's more difficult to operate because of the high volatility

Long story short, we still have a bullish market ahead and a very strong one. The minor resistance ($145.00000) could be history if the price keeps the penetration going and this behavior could help to keep the main hypothesis to stay the same which is the possibility to see the price visiting $148.91.

Here, The pre market analysis.

http://youtu.be/7N_-QThuZt4

[Lucano]

Good Morning Bitcoiners,

The consolidation keeps the price over $140 and the 240/60 minutes chart with the hypothesis of long trades still active towards $145 and possibly $148.00000
The weekend is here and the uncertainty still strong and now we MtGox offline today, it will be not surprise if the volatility comes back. Let's wait and see.

Different forecasts in regards where the price is going will see every where but we have to understand that the price reach the minor and major resistance just now.
The most particular thing is that the price is trying to take control of the sellers as we speak and we can see the areas in the daily, weekly, and monthly charts.
$148.91 as a major resistance is not too far from where the actual prices is fluctuating right now.

Time will tell is our forecast will succeed but at this point the market still bullish and the up trend can continue.

Here, the market analysis.

http://youtu.be/ckK0o4VACL0

[Lucano]

Good Day Bitcoiners,

After the penetration ($148.91) the price still creating new highs and the up trend continues towards a new target, $166.43

The new price target is not impossible because there is not obstacles for the price to reach that target and the next point of reaction based on the analysis it's definitely $166.43000
The daily time frame and the 240 minutes chart, they both look over-extented and it's still creating new highs and shows no signs of retracement.

This week could end up with the buyer in full control of the price and during the course of the week it's probably that new higher lows can help the price and reinforce the up trend towards the new major target for the new higher low in the weekly chart $163.43000.

Here, The Weekly Analysis.

http://youtu.be/ew3eQSsGt44

[Its About Sharing]

Another great video.

Appreciate the information and candle education...

IAS

[viriat0]

Great information

Thanks Lucano!

[Lucano]

Another great video.

Appreciate the information and candle education...

IAS

[Lucano]

Great information

Thanks Lucano!

[Interjekcion]

Look like alot of good info. Will have to read into it later when I'm off work.
/watch