Videoblog & Technical Analysis for Bitcoin

[dnaleor]

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

I think we have seen the bottom

2 da m00n !!!

[rampantparanoia]

so we're floating around $440 now... building steam?

[Lucano]

so we're floating around $440 now... building steam?

The price still too weak and as long as the seller are keeping control of the price, there is no chance that buyers will step in. 12 hours chart is doing something interesting. let's wait and see.!!

[Lucano]

Hi Bitcoiners,

There is not options for the buyers at the moment and the fact that the price still weak and with space on the left to continue the retracement towards $400,00 and $382,00.
If small time frames such as 240 minutes and 60 minutes chart can build counter trends, there is a chance for the price to reach the $490,00 area.
The bearish hypothesis still alive and there is a potential sell off towards major supports $400,00 and $382,00.

http://youtu.be/1TfMs923GZM

[Lucano]

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

[Lucano]

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

[Lucano]

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

[Lucano]

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

[Lucano]

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

[Lucano]

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

[dnaleor]

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

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

[Lucano]

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

[Lucano]

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

[chessnut]

cheers Lucano  my favorite analyst.

[dnaleor]

cheers Lucano  my favorite analyst.

indeed, I check your channel on a daily basis
great guy!

[Lucano]

cheers Lucano  my favorite analyst.

Thank you! ! 

[Lucano]

cheers Lucano  my favorite analyst.

indeed, I check your channel on a daily basis
great guy!

Mr D
Thank you for the feed back   

[Lucano]

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

[Lucano]

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

[Lucano]

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