Videoblog & Technical Analysis for Bitcoin

[Lucano]

Thank you for all this!!! I've been following your TA for quite a while now and have been learning a lot from it!

Your welcome. I'm glad to hear that!!

[Lucano]

Good Day Bitcoiners,

The price and the buyers still no showing signs of reaction and last week the powerful up trend it's not giving the buyer eough confidence and seller are keeping control of the price.
The chances are 50/50 at this point and we might experience a new correction towards $535,00 unless, the price push it self towards $710,00 which will create higher lows in the 3 day chart and the daily chart.

http://youtu.be/wH5UQ_PVG5M

[Lucano]

Good Morning Bitcoiners,

New higher low in construction in the 3 day chart and the daily chart.
The price will have to reach the $646,59 which is the previous highs from yesterdays market.
if the price manage to reach the level we mentioned there is a chance that another higher low gets activate and that's the pattern in the 12 hours chart.

http://youtu.be/bwNrjzTNWQY

[Lucano]

Good Morning Bitcoiners,

Price still building positive patterns and that can bring opportunities in today's market.
In the 240 minutes chart, If the price penetrates $656,00, the next target could be $675,35 and the $710,00 will be the last one so the major time frames can develope the higher low's mentioned in previous sessions.

http://youtu.be/4NNzHcBV0W4

[joburgtaxi]

I think it's going down, "and why not?"

[Lucano]

Good Morning Bitcoiners,

There is not volume to move the market to a direction where price can create new patterns.
However, the weekly chart still working on building a new lower high that can fail because of the previous over extended trend.
There is a chance that the sellers will keep full control and they can push the price towards $521,395.
Buyers also can have a chance if they manage to buld new higher lows in the daily chart and if the price reaches $650,00 that will be a positive message and new opportunities will appear.

http://youtu.be/hxFkcwaIzus

[Lucano]

I think it's going down, "and why not?"

Everything is possible !! 

[Lucano]

Good Morning Bitcoiners,

Volume is shrinking and market speculators are taking the lead betting on down trends which are perfext at this point with a weak price and possibilities of the prices reaching $535,00.
Counter trends can be good in small time frames to secure profit margins in 1 or 2 targets.
The chances for a new sell off still intact and right noe the next target available for the price could be $535,00 and $523,79.


http://youtu.be/FlzTx_Mk9Ps

[Lucano]

Good Morning Bitcoiners,

Price manage to penetrate $604,00 and it seems like new lower highs are on it's way and a new down trend can send the price towards $535,00 and why not $526,28 which where the SMa 200 is located on the daily chart.

The 12 hours chart shows and lower high in formation and so it's the 240 minutes chart.
Buyers need to push the price above $629,97 to deny the previous correction and they have to try to send visit $629,97 today and if that happend that could be a positive sign and a lower high failure on the 12 hours chart could enough data for the buyer to create new opportunities intraday.

http://youtu.be/Rf3hg8j0wSQ

[joburgtaxi]

Today's video instalment should be interesting

[dnaleor]

Today's video instalment should be interesting

the fight between bulls and bears started. When volumes kicks in, we will see what the direction will be: up or down...

[Lucano]

Good Day Bitcoiners,

Price still weak and seller are in full control.
Next target could be $535,00 but before that we might see counter trends in small time frames such as 15 minutes and 5 minutes chart.
It is a possibility that the seller can end up creating a powerful sell off and if that happen today then the price can reach the SMA 200 on the daily chart.
Counter trends will be the new way to trade the currency until a new up trend brings opporties in major time frames.

http://youtu.be/AMXsoi8fGwc

[Lucano]

Good Evening Bitcoiners,

Price still trying to penetrate below $541,00 and if that happen then $535,00 will be an easy target and seller volume will try to reach the $400,00 with a powerful sell off.
However, becuase the daily chart is over extended and the price reach major support we might see a new counter trend towards new lower highs on daily and 3 day chart that may be  could fail and instead of a down trend continuation we will probably experience a new up trend towards $650,00 which will deny the previous correction.
Counter trends can be good in small time frames during the week.

http://youtu.be/DYgSqcKuvc0

[dnaleor]

Good Evening Bitcoiners,

Price still trying to penetrate below $541,00 and if that happen then $535,00 will be an easy target and seller volume will try to reach the $400,00 with a powerful sell off.
However, becuase the daily chart is over extended and the price reach major support we might see a new counter trend towards new lower highs on daily and 3 day chart that may be  could fail and instead of a down trend continuation we will probably experience a new up trend towards $650,00 which will deny the previous correction.
Counter trends can be good in small time frames during the week.

http://youtu.be/DYgSqcKuvc0

it seems that the countertrend just started

[counter]

Sweet I'll be following this thread and bookmarking your site.  Thanks for the heads up and work your doing.

[Lucano]

Good Morning Bitcoiners,

Price manage to bounce back up and created a long range candle stick sending a message of a potential change on the behaviour of the price.
If price reaches $604,47 today and keeps it's momentum with a consolidation above the SMA 200 in the 240 minutes chart then, the next higher low in that particular time frame can try to reach $623,95 and potentially $629,97.

The next few hours are key for this bullish hypothesis to occur.

http://www.youtube.com/watch?v=XwXtrGhmak0&feature=share&list=UU984H0DP00LvDOvzSs2LbSw

[Lucano]

Good Morning Bitcoiners,

Sellers volume is keeping the correction going and there is not signs of unp trends yet.
The seller deny the buyers intentions of the last 3 days and it seems that the only support left is the one close to the SMA200.
If price manage to penetrate $541,00 it will have sufficient space on the left hand side for the seller to push the price towards areas close to the $400,00.

http://youtu.be/rzaqGlcERO4

[Lucano]

Good Morning Bitcoiners,

There is a lot of speculation about China and the IRS.
The price and the graphics are reflecting how the markets is taking all the news concerning this issues.
If the price keeps it's down trend there is a chance that we might reach $431,00 firs and if that area does no help the price to react with the buyers then the next target could be $400,00
We have a to wait for the 240 minutes chart to send us the signals and the small time frame might bring the opportunities during the day,

http://youtu.be/363dt-uMu00

[Lucano]

Afternoon Bitcoiners,

Buyers are not reacting to the sellers intentions and the down trend seems to have enough space and zero obstacles to keep the momentum going.
$400,00 seems to be the next target but, $382,00 could the the worse case scenario during the week if the price can't react with potential counter trends in small time frames intraday.

http://youtu.be/GmdoTayz6vg

[Lucano]

Good Morning Bitcoiners,

Powerful up trend on the 12 hours chart manage to deny the previous retracement 100%.
$541,00 seems to be the next target if the price penetrates minor resistance.
The 240 minutes chart is showing a long consolidation that it might benefit the buyers and bring more confirdence into the market.
$490,00 is the area to penetrate in the 60 minutes chart and the next higher low can help the major time frames to continue with the up trend towards $541,00.

http://youtu.be/UCHghbkURvs