Videoblog & Technical Analysis for Bitcoin

[Lucano]

Good Day Bitcoiners,

The consolidation in the 3 day chart still can't break the resistance and the $465,88 area seems to be the main target if the buyers manage to absorb the congestion. If the buyers volume increases there is a chance that new patterns will emerge intraday and the $452,67 will be penetrate so the price can continue the up trend towards $503.99 which is the main targrt for the 3 day chart.

The daily chart still showing a price trying to deny the previous retracemtent and the buyers are trying to go over $458,20. It's possible that the up trend manage to reach that area if the buyers volume keeps growing.

The 12 hours chart shows that the price deny previous retracement almost 100% regardless of how over extended the movement looks like right now we still a chance to see a higher low failure or another consolidation and that can keep the price and the penetrations of the resistance in tune with the buyers until the up trend penetrates the $459,24 area and a potential new rally will appear towards $480,00.

The 4 hour chart shows a price and few patterns that can help the price to reach $459,24 one more time and the SMA 200 will be a second target that can be use as support to build the second Higher Low and take the price to the new resistance area.

60 minutes chart looks promising, with the price using the SMA 200 as support and the SMA's of 10 and 20 crossing each other, meaning that market behaviour is about to change we can experience a price with new targets above $447,40 and the continuation of the up trend leading the price and the buyers to the new resistance for the day which is $459,24.

Here is the Pre Market Analysis.

http://youtu.be/x8mkKw407BY

[Lucano]

Good Morning Bitcoiners,

The weekly chart and the 3 days chart still showing the continuation of a down trend but the daily chart is against it and it shows a previous up trend denying more than 80% of the previous retracement and a potential new Higher Low can push the price towards $465,88.

The lower volume keeps the price in consolidation and that can benefit the traders and market makers supporting the bullish signs, only if the price manage to keep building the buying patterns that can benefit major time frames such as monthly and weekly chart. The positive messages can eventually increase the short and long term trades if the buyers keep absorbing the resistance and the consolidation keeps the penetration going.

The daily chart is showing that the up trend from last week manage to deny the previous retracement that it was ready to take the price towards $397,16 but instead, the price manage to pull back creating a new pattern that can become a new Higher Low, taking the price towards $465,88 which is in my opinion the first target of the week.

The same situation is happening with the 12 hours chart, after a powerful up trend that it manage to deny the previous Lower High and right now is building a new Higher Low. The price is trying to build the first Higher Low and if that happen there is a chance for the price and the buyers to have Higher Low's in daily and the 12 hours at the same time.

This week is very important for the buyers and if the price manage to bring sufficient volume to create the two Higher Low's we mentioned before then it's an opportunity for the market to experience a new behaviour on the price and a new opportunity for the price to reach $465,88.

The weekly Analysis.

http://youtu.be/x-J_Ns1PYPc

[Lucano]

Good Morning Bitcoiners,

The daily chart is confirming the first hypothesis of the week and so far the price keep pushing the price up to penetrate the $465,88 to create a domino effect and to bring more traders and market makers to visit the $470,00 area which is the bottom tale of the major resistance. the new target is as challenging but possible and if the price reaches $470,00 the market will change the behaviour and a different trend could be on it's way.

The 12 hours chart shows coordination with the daily chart in terms of new Higher Low's and it seems like the buyers are trying to push the price above the new area of consolidation now that the price manage to visit the $465,88 area for the third time. This new price behaviour can create a domino effect that can benefit the buyers and the buyers volume should increase the momentum that the price is having right now towards major resistance.

The 240 minutes chart manage to turn the previous over extended retracement into an ideal higher low, pushing the price with a powerful long range candle stick towards the SMA 200 and the minor resistance $459,39. The price is building a new Higher Low that can use the SMA 200 as support and eventually the same new pattern can take the price above $470,00 but only if the price stays above the previous consolidation.

In the 60 minutes chart the SMA 200 was use as support and at the same time the time frame shows how the break up was created by the first Higher Low and the result was a powerful over extended up trend that right now is trying to build a bullish flag or a consolidation using the other SMA's (10,20) as supports to push it self up and keep the momentum going.

If the price keeps the consolidation above the previous sideways area and 60 minutes chart keeps building a new bullish pattern then the market might keep the bullish patterns active and the Higher Low in 12 hours chart will continue it's development until the price reaches the $470,00 area.

This the Pre Market Analysis

http://youtu.be/x-J_Ns1PYPc

[dnaleor]

agreed, bullish

We clearly broke out of the downtrend now. I really can't see it below 400 USD again.
Bought my last mBTC a few days ago. From now on, I will never buy again, only use the rpietilla SSS plan to slowly take some profit

[Lucano]

agreed, bullish

We clearly broke out of the downtrend now. I really can't see it below 400 USD again.
Bought my last mBTC a few days ago. From now on, I will never buy again, only use the rpietilla SSS plan to slowly take some profit

Top Man.  

[dnaleor]

we broke 470
500 here we come! 

[Lucano]

Good Morning Bitcoiners,

The price reached new highs yesterday and it's possible that the market will try to keep the momentum around the $500,00 area.

The first visit to a major resistance can be just the first message from the buyers to the sellers and if the price keeps the positive messages with the buyers then the up trend can push towards $548,00 and if that happen we can confirm a lower high failure on the weekly chart. That hypothesis will be good enough to forecast a new up trend to benefit the monthly chart hypothesis.

The 12 hours chart is keeping the over extended trend active and it's possible that the seller will try push the price down towards $459,24 or a potential correction towards the SMA's in the 240 minutes chart could be most optimistic hypothesis in case that the 12 hours chart decides to build a new higher low to confirm the up trend and to visit the SMA 200 ($530,303) and the $548,00.

There is a small problem (Sarcasm). The congestion on the left hand side is the main obstacle right now in between the $548,00 area and the actual price which can delay the up trend because the price needs to build new consolidations so the new buying patterns can appear intraday and at the same time those buying patterns can help to deny the Lower high on the weekly chart eventually.

Also, it's a new Higher Low in the 240 minutes chart that it manage to penetrate the SMA 200 so the confirmation of a new trend in this particular time frame is possible now that the price is close to the major resistance and the previous Higher Low's in the two major time frames are the ones initiating the new movement. (Higher Low in 12 Hours and in the Daily Chart).

There is two Higher Low's already in the 240 minutes chart and a third one could come at any time but the price is over extended now and the SMA's 10,20 show a divergence and that can be use by the sellers to deny parts of the previous up trend or creating some volatility during the day.

The 60 minutes chart show the beginning of the new consolidation and don't be surprise if the price goes down towards $480,98 or $464,91 because the price is dealing with one of the most challenging major resistance we have so far and the buyers will take some time to absorb every single seller before a new rally comes in.

This is the Pre Market Analysis.

http://youtu.be/OswZC3S6CxA

[Lucano]

Good Day Bitcoiners.

The daily chart looks over extended like the rest of intraday time frames and the possibilities of buying today and get trapped until the next rally are more possible today than yesterday. The buying pattenrs are key in order to confirm the up trend and for the buyers to deny the Lower High in the weekly chart

The SMA 200 area and the $548,00 area in the 12 hours chart are the new check points to establish new bullish hypothesis intraday. Price is leaving new messages around the new patterns and those patterns can benefit the buyers if the new two obstacles become the main challenge for the price and the market keeps the price avobe $475,90.

The 60 minutes chart shows a previous long range candle stick and the new one is trying to build another pattern to keep the momentum and the price above the previous consolidation which is right now the new support in the event that sellers take control of the price. The 60 minutes chart can help the major time frames if the buyers create a consolidation in this time frame, that can be beneficial for the potential Higher Low's that the price needs in the Daily and 12 hours chart so we can confirm the up trend and the monthly chart will benefit on the long run.

The $548,00 area and the SMA 200 in the 12 hours charts are both the main obstacles right now and the main target for this new momentum but before the obstacles become history, the price needs to build new patterns specially in the 3 day and daily charts if we want the price to visit the $600,00 area.

This is the Pre Market Analysis.

http://youtu.be/l73SaO96MQ8

[Lucano]

Good Day Bitcoiners,

(This is yesterday analysis)

The 3 day chart sows that the pull back manage to deny the previous retracement, leading the price towards the new major resistance which is the new target. $710,00 seems like the new target and at the same time the seller will have a chance to challenge the buyers momentum with potential corrections near $527,09.

The daily chart already have two Higher Low's and it is trying to build a third one. the third Higher low could fail because of the fact that the price is reaching the new major resistance and the sellers will try to push price down creating a small volatility during the day. The $550,22 seems to be one of the two level of reaction.

The 12 hours chart shows similarities with the daily chart and the only difference is the 3 Higher Low's that the up trend had manage to build but there is a chance that the price creates a new consolidation instead of the continuation because of the over extended trend in the daily chart.

The 240 minutes chart shows a sideways trend and a price divergence with the SMA 200. It is possible for the price to visit the SMA 200 or instead the $550,22 can become the support. It's too soon to tell but we have to wait for more signals before the new analysis.

http://youtu.be/H_qjtifICts

[Lucano]

Good Morning Bitcoiners,

The buyers manage to held the retracements in the last hours and consolidations are the ones in place for the intraday market.$550,22 is the new area that can become the support for this sideways trend. At the same time if the $550,22 can't hold the sellers power then the price can visit the $545,00 area which is a level of reaction where volatility will be the main subject in case the seller try to deny the previous effort from the buyers.

http://youtu.be/mZ07Wb5bXtw

[Lucano]

Good Morning Bitcoiners,

The price still maintaining the consolidation as the main subject in order to benefit the buyers and potentially new higher low's in the 3 day char or in the daily chart.

The daily chart still showing the consolidation taking place and the $550,22 is the support area that can be use as a reference in case the seller manage to take control and push the price downwards. The price has a lot of work on the left hand side and if the up trend wants to continue, the buyer need to absorb every single seller in order to push the price above the consolidation and above the $595,00 area.

The 12 hours chart shows that the last Higher Low didn't manage to penetrate the $595,00 area and instead, we have a new price fluctuation in between $558,00 and %582,10. This fluctuation can continue until the volume from buyers or seller appears. So far the only one getting the benefits of this consolidation is the buyer.

The 240 minutes chart shows a Lower High in formation and at the same time the price shows that this particular pattern can fail and turn it self into a new Higher Low that can push the price towards %582,00 and above. If price reaches the $595,00 area, we will see a reaction from the sellers and the volatility will increase.

This is the Pre Market Analysis.

http://youtu.be/ipWksP9Cbns

[dnaleor]

Good Morning Bitcoiners,

The price still maintaining the consolidation as the main subject in order to benefit the buyers and potentially new higher low's in the 3 day char or in the daily chart.

The daily chart still showing the consolidation taking place and the $550,22 is the support area that can be use as a reference in case the seller manage to take control and push the price downwards. The price has a lot of work on the left hand side and if the up trend wants to continue, the buyer need to absorb every single seller in order to push the price above the consolidation and above the $595,00 area.

The 12 hours chart shows that the last Higher Low didn't manage to penetrate the $595,00 area and instead, we have a new price fluctuation in between $558,00 and %582,10. This fluctuation can continue until the volume from buyers or seller appears. So far the only one getting the benefits of this consolidation is the buyer.

The 240 minutes chart shows a Lower High in formation and at the same time the price shows that this particular pattern can fail and turn it self into a new Higher Low that can push the price towards %582,00 and above. If price reaches the $595,00 area, we will see a reaction from the sellers and the volatility will increase.

This is the Pre Market Analysis.

http://youtu.be/ipWksP9Cbns

LOL, within 30 min after your post price managed to reach 595 again

[Lucano]

Good Morning Bitcoiners,

After 21 days of rally, the price manage to reach the major resistance and at the same time we can see fatigue in the market with an over extended trend in major time frames. The correction is important for the future buying orders specially if your following a trading plan in the short or medium term.

The daily chart shows an over extended up trend and a retracement happening as we speak. The retracement is trying to benefit the constructions of new buying patterns for the next few market sessions.

The 12 hours chart shows the retracement almost reaching the $613,03 area which is the only support area we have before the $595,00. If the price continues with the correction and seller keep the control, there is a chance for the price to visit an important support which is located at $560,05.

The 240 minutes shows a triple top tale that seller use to push the price down towards the minor support and this powerful correction happened with one log range candle stick which makes the message more clear for the professional traders “The up trend is over extended”.

The 60 minutes chart shows the consequences of the up trend and how the seller are taking control of the situation with power retracements and a potential penetration to the SMA 200 which is near $613,03.

This is the Pre Market Analysis.

http://youtu.be/e_hnZjzg6wQ

[Kramerc]

Thanks for this. Really missed your analysis for the previous days, as I think your style is quite unique in that you focus on candle patterns and it seems to be working quite well. Keep it up!

[Lucano]

Good Morning Bitcoiners,

June is a month that it's bringing tremendous opportunities for the buyers and potential up trends can take the price to $827,00 before the end of the month.
However, the daily chart is showing that the price wants to build a new Higher Low and if that happen the price could reach $725,00 and at the same time we can end up having a more over extended trend that can create a new powerful correction and that can delay the intention of the buyers to visit the $827,00 area.

The weekly Chart shows exhaustion from the buyers side and that signal can make sellers react against the up trend pushing the price down and not allowing the buyers to penetrate $710,00. This situation can bring volume from the sellers side in case that a new Higher Low gets build and fails in it's intention to push the price up, creating a Higher Low failure and creating the perfect conditions for a new retracement towards $548,00.

The 3 days chart is a better zoom in of what's happening with the weekly chart and it shows the congestion on the left hand side with more accuracy. The over extended trend is the major concern and if the price manage to create the correction there is a point of reaction at $548,00 that stop the down trend in case the price decides to move towards any other support.

The daily chart shows the consolidation in more detail and the divergence between price and the SMA 200. The SMA 200 divergence againts the price is happening thanks to the over extended trend in the major time frames which can only benefit potential correction if the price keeps going up.

The possibilities of a new Higher Low in the daily chart are bigger than usual and that can only benefit the intraday traders, because if the price reaches $710,00 that move can bring a new double top tale that can over extend the up trend on the weekly chart and a new potential double top tale will appear and that can increase the volatility in the short term.

This is the weekly analysis.

http://www.mundobitcoin.org/en/blog/category/technical-analysis-blog/

[Lucano]

Good Day Bitcoiners,

After the previous retracement from last week now the price is reacting in a positive way and buyers are leading the positive movement that so far is trying to build buying patterns for weekly and 3 days chart in roder to penetrate the $710,00 area which at this point is more an obstacle than a target.

The $710,00 is definitely more an obstacle than anything else and the up trend from previous weeks just manage to put some sellers away and at the same time is giving the price an opportunity to find a reactions from the buyers with up trends trying to deny previous correction and keeping the momentum in order to build the buying patterns in the major time frames.

The 3 days chart  shows a major formation that can become a new Higher Low which is very similar to the one that is in construction on the weekly chart. Both time frames can build powerful conoslidations to push the price towards $683,26 before it continues with the up trend to penetrate $710,00 and find room to continue with the trend towards higher areas intraday.

Now, in the daily chart we see a price reacting right from the SMA 200 and it seems like it will use that area to build a new area of support to help the other major time frames until the buying patter bring more buyer volume into the market.

During the next few days we might experience a sideways trend intraday with price fluctuation in between supports and resistance which can trigger opportunities in small time frames using areas like $621,00 and $635,88 as the new target during the intraday session if the volume comes into the market.

The challenge for the buyers is not easy and the reason why is because they have to convince the rest of the participants that the future consolidation can bring solid opportunities so the buyers volume can appear one more time and the $683,26 and $710,00 will be areas to visit in roder to build future patterns to maintain the bullish momentum that the price is building right now.

This is the Weekly Analysis.

http://youtu.be/NLUy722TYqc

[Lucano]

Good day Bitcoiners,

The weekly analysis starts with a new month and it shows a series of of situations that can maintain the price in the resistance area $683.26 for a short wile until the buyers absorb al the congestion from the left hand side. We have Higher lows in the Monthly, Weekly and 3 Days Chart showing that the rally can keep going towards $815,00.

The monthly chart shows the first Higher Low in 9 months and still have room to go up towards $815,00 which in my opinion it should be the next target if the Higher Low keeps the momentum going now that we have Higher Low’s in all the major time frames.

The weekly chart shows a Higher Low activating buying order at $609,98 and increasing the buyers volume slowly but surely. The Higher Low can push the price towards $683,26 and leave a top tale that can bring a new consolidation in case the buyers volumen decreases in the next few days. The other case scenarios is a continuation of the rally towards $710,00 which in my opinion will create an over extended trend that can in crease the volatility when the price reaches a major resistance.

The 3 days chart brings once again another Higher Low that at this points is absorbing the entire congestion on the left to keep the price pushing towards the Higher High which located at $683,26. The price can reach that minor resistance and at the same time it can create a new Double Top Tale, keep the absortion going and eventually pushing up with new Higher Low’s intraday towards $710,00.

the pull back on the daily chart seems to be one of the most significant situations, since the price manage to react from $557,99 and it’s still keeping the momentum going towards $683,26. there is not signs of exhaustion and buyers still need to absorb all the congestion on the left hand side in order to continue with the rally. This week can bring new opportunities with small retracements which it can help to build new buying patterns intraday so in that way traders can keep the market in a positive field and the price in the same direction.
At the same time we need to take into consideration the over extended trends. If the price reaches major resistance it can trigger sellers order and high volatility will appear eventually which t can push the price one more time to a previous consolidation area which is located at $604,00.

This is the Weekly Analysis

http://youtu.be/hRNQMgn6v7A

[Lucano]

Good Day Bitcoiners,

The buyers manage to deny the entire retracement from the previous week and a new support has been build.
3 day chart show a price trying to penetrate the SMA 200 area. This move can deny the whole retracement and take the price toward $452,98 area which is the weekly target for this new hypothesis.

http://youtu.be/P5286jE_jDA?list=UU984H0DP00LvDOvzSs2LbSw

[Lucano]

Good Morning Bitcoiners,

The price manage to reach $417,99 and it seems like the retracement in the 3 day chart has been deny in more than 90% thanks to the buyers momentum.
We have over extended trends right now and those up trends can turn into retracement at any time. A correction on the price will be healthy for the buyers in case we want to see the price reaching $452,00.

Here is the analysis for today's market.

http://youtu.be/dp3374UBkZI

[dnaleor]

great to see your vids pop up at youtube again 

perfect timing, with the new possible bull market in the making