Nights Watch by Afrikoin

[Afrikoin]

Great episode! Emphasizes why Bitcoin is still far from mainstream. But we will get there. Lots of exciting stuff in the pipeline. Also highlights why the value proposition if bitcoin is like no other. Immutability!

Let's Talk Bitcoin! #306 - Bitcoin Vaults and Selective Reversibility as a Virtue

Andreas, Stephanie and Adam are joined by Emin Gün Sirer of HackingDistributed.com to discuss Bitcoin Security, Covenants and fixing the bitcoin theft problem by creating reversible on-chain vaults.



https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-306-bitcoin-vaults-and-selective-reversibility-as-a-virtue

[cluit]

Banks won't use btc directly. They will make their own that they can control like fiat.

Fine with them. Their bankcoin won't even compete with Bitcoin. As Bitcoin's main value proposition is that it's not controlled by anyone as a whole, yet you control your own bitcoins. And it mostly eliminates banks as intermediaries.

Whatever banks come up with, I strongly suspect it will be worthless garbage. For me, at least.

I agree! But it also further drives home the fact that Bitcoin can be made better and more complete with a new version. Still decentralized, but lacking the problems and the stigma

Very true! It’ is good to acknowledge that bitcoin still has a long way to go and that it will continue to get better as the years go on and the developers make breakthroughs in blockchain technology.

[Afrikoin]

Just noticed my thread has been bumped so might aswell post a chart! Thanks for keeping my thread going

Heres 1week log chart on Bitstamp



My take on it is that there are two mini bubbles in this bull trend. The first was the spike to $500 the last was the spike up past $700. At the moment we are still correcting from that last bubble, I think bitcoin will probably stay a bit flat or down perhaps until September or later.

Ultimately with supply halved, and possibility of stock market collapse, economic crisis, bank bailouts and all that stuff still looking like it could easily happen, I still think bitcoin has potential to achieve great new highs in the longer term.

[koryu]

got that perfect parallel channel on log scale which broke up



see my idea on TV: https://www.tradingview.com/chart/BTCUSD/NJJOfhSk-Bitcoin-correction-is-over/

another good analysis on linear scale:

https://www.tradingview.com/chart/BTCUSD/2nXYe9CO-BTCUSD-Buy-breakout/

[Afrikoin]

The cryptocurrency has already broken out of the recent corrective structure it was confined to and now looking for a break above the immediate down trend which is seen as a larger degree correction of the main up trend, this would see the cryptocurrency heading towards $700 mark within a few days. An end of this corrective structure would result in a resumption of the main up trend and we should see it soaring towards new highs and nearing the all time highs around $1100.

https://www.tradingview.com/chart/BTCUSD/2nXYe9CO-BTCUSD-Buy-breakout/

[Afrikoin]

Waiting for break out, first target ~ 645 $
5 days ago
Comment. Title might be a bit confusing.
I believe the correction will be over with the break out. And I am confident that btc will go up for the following reasons:
- Hashrate is slowly going up again after halving.
- Income of miners is the same like in oct 15. Means price and production cost is very close.
- Less selling pressure because of halved block reward.
- The second price drop was caused by the finex hack, dust has settled, volume has moved to btc-e and Bitcoin is still Bitcoin.
- A lot of money is on sidelines
- Bitcoin is needed to join the booming alt market

I think another major drop would require a new bearish event, otherwise we will leave the structure and sideline money will buy in again.

https://www.tradingview.com/chart/BTCUSD/NJJOfhSk-Bitcoin-correction-is-over/

[Afrikoin]

BTC uptrend? Don't think so:

[sandiman]

BTC uptrend? Don't think so:

Don't know that much about bollinger bands, could you elaborate ? what frightens me here for bulls is the lack of volume on that movement, looks like a little short squeeze (was looking like very bearish sentiment in here, so probably lot's of short were open).

[Kramerc]

Pretty straight forward: price is above SMA20 meaning that it's in the positive BB territory. That's a bullish indicator. Bands are also expanding, meaning that the upper band is not such a tough resistance as it would be if they were contracting.

Moreover, price is above all other important SMAs, 10 and 50, and we see that SMA10 was actually tested and didn't break. This means that the path of least resistance is up, which means one should expect higher prices until the situation changes.

[Afrikoin]

Great EW call by Chessnut

great call chessnut!

The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.

We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.

[sandiman]

Great EW call by Chessnut

great call chessnut!

The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.

We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.

[img]https://www.tradingview.com/x/97PXe0Td[/img

Such good EW analysts in here !!

[Afrikoin]

What to wacth out for going forward.

THis by master luc



and these 3 great calls by ! by 4XForecaster. David alciondor

[sandiman]

Is RyanDaClem count not possible anymore?

[Afrikoin]

Is RyanDaClem count not possible anymore?

which one?

both are still in play. we could go up to a new high - maybe $800 or more (at some point) and still go back down to 300s,200s. This would be master lucs chart, but without the top reversal indicated.

The other option is that high was $759, and we are heading down. This current rise up could just be a retest of highs before resumption of bear trend.

Then, there is the mega bull crowd.

Trouble is, these are monthly moves, so got to wait long to see.

[Afrikoin]

Great article on Elliot Wave from Elliot Wave.com

The Crash of Icahn Enterprises, and How One Magazine Marked the Top
How famed investor Carl Icahn may have lost $500 million in a single day, yet he could have seen it coming

http://www.elliottwave.com/Stocks/The-Crash-of-Icahn-Enterprises-and-How-One-Magazine-Marked-the-Top?rcn=tw1601

Plus some great charts

[Afrikoin]

[Afrikoin]

Low tax Zug aims to become Switzerland's 'Crypto Valley'

http://uk.reuters.com/article/us-swiss-fintech-cryptovalley-idUKKCN11E0L9

[Afrikoin]

Ryans chart from march 2015

[Afrikoin]

The Coinbase Secret Master Plan

https://medium.com/the-coinbase-blog/the-coinbase-secret-master-plan-f4d644443301#.mtfoinhsj

[Afrikoin]

Blockchain's Numbers Don't Add Up
By Lionel Laurent Elaine He

https://www.bloomberg.com/gadfly/articles/2016-09-08/blockchain-s-ambitions-thwarted-by-funding-resources