Videoblog & Technical Analysis for Bitcoin

[Lucano]

Gotta agree. Really in a no man's land right now.

Absolutely 

[Lucano]

Good Morning Bitcoiners,

New minimums on the daily chart and the price keeps building over extended down trends towards $312,37 which is a minor support.

The 12 Hours chart looks very strong on the down trend. The 4 Hours chart is over extended and trying to build a new Lower High.

If the price can build the new Lower High then the $312,37 could be the next target for the sellers.

The 60 minutes chart is the one to watch because if the price goes above $344,00 then the next Higher Low in that time frame can take the price towards $350,00 and potentially the SMA 200.

http://youtu.be/RdJWKsaI-G0

[Lucano]

Good Morning Bitcoiners,

The oversold currency will only benefit traders that know how to trade short trends.

The price can reach $275,00 by the end of the week and at the same time the buyers can push the price back up and deny the whole down trend from the previous week and reach $384,55.

The buying patterns are not there yet and we have to wait a bit longer for those buying patterns to appear.

http://youtu.be/yigUP5SnWmc

[Lucano]

Good Morning Bitcoiners,

It seems like the correction is finding a level of reaction that can trigger counter trends again.

There is not positive signs from the buyers yet but it seems like the 4 Hours Chart and the 60 Minutes Chart will give us some answer in the morning.

If the price manages to deny the down trend pattern in the 4 Hours Chart then we might see the price reaching $333,99 which will help the other small time frames to build new Higher Low patterns in order to deny the Lower High that it is already formed in the 12 Hours Chart.

It sounds like a positive hypothesis but keep in mind that the Lower High in the 12 Hours Chart it's almost ready to continue towards $312,00 and after that there is nothing that the buyers can do to stop the sellers to take the price towards the major support.

http://youtu.be/ezXOR_jiq3Y