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