Nights Watch by Afrikoin

[Afrikoin]

China Tells Bitcoin Exchanges to Follow Forex Rules
Central bank threatens shutdowns if regulations aren’t adhered to

https://www.wsj.com/articles/china-tells-bitcoin-exchanges-to-follow-forex-rules-1486609504

[1714130019]

1714130019

[Afrikoin]

China Central Bank Said to Call Bitcoin Exchanges for Talks

https://www.bloomberg.com/news/articles/2017-02-08/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

[Afrikoin]

Another one for permabulls

[Afrikoin]

[Afrikoin]

PBOC host closed-door meeting with 9 Beijing-based exchanges

http://news.8btc.com/pboc-host-closed-door-meeting-with-9-beijing-based-exchanges

[Afrikoin]

Charts: How an ETF Approval Could Impact Bitcoin's Price

http://www.coindesk.com/charts-etf-approval-impact-bitcoins-price/

[Afrikoin]

Bitcoin Price Analysis - PBoC continues to sway markets

http://bravenewcoin.com/news/bitcoin-price-analysis-pboc-continues-to-sway-markets/

[Afrikoin]

I believe the U.S. SEC and PBoC have financial connections.

I believe the SEC wants to shore up any "bad actors" ahead of the COIN ETF approval and launch, including those in China.  That launch is exactly 4 weeks from now.

I believe the SEC/PBoC knows that there will be a buying frenzy when the COIN ETF launches, and wants to make sure that any Chinese bitcoin buyers are in compliance with KYC/AML policies.

I believe that if/when the COIN ETF gets approved, we will not only see more U.S.-based Bitcoin ETFs also get approval, but also Chinese-based Bitcoin ETFs as well as those in other countries will also start popping up.

All of this is BULLISH AF.

[Afrikoin]

I believe that if/when the COIN ETF gets approved, we will not only see more U.S.-based Bitcoin ETFs also get approval, but also Chinese-based Bitcoin ETFs as well as those in other countries will also start popping up.

It is a big IF rather than when. So far we have no luck with any ETF. Winklevoss, known for theirs by the book approach wanted to establish ETF since mid-2013 - with no effects.
Every time they were denied by SEC. Feds know that if they accept 1st fund of this kind there is no going back so they will try to hinder and slow this process as much as they can.

[Afrikoin]

Very obvious, we were inches away from new ATH and PBOC starts investigations.

Price rebounds and is climbing daily then boom, PBOC stops withdrawals.

[Afrikoin]

It is a big IF rather than when. So far we have no luck with any ETF. Winklevoss, known for theirs by the book approach wanted to establish ETF since mid-2013 - with no effects.
Every time they were denied by SEC. Feds know that if they accept 1st fund of this kind there is no going back so they will try to hinder and slow this process as much as they can.

NASDAQ were the ones who were denying them as far as I can tell. They were the ones who couldn't be arsed to implement the rule change that BATS is.

And this is how real world finance works. If I remember rightly the first gold ETF took considerably longer than four years. This is probably the world's first financial application rabidly watched over by a bunch of brats who live on the internet.

[Afrikoin]

100% agreed that PBOC is trying to keep BTC below $1000

possibly cooperating with other governments? US?

Or maybe they are manipulating markets to make huge gains at the expense of "stupid westerners": sell, shock market, buy back cheap

They have done it before several times....  

this?

in bold

[Afrikoin]

I believe the U.S. SEC and PBoC have financial connections.

I believe the SEC wants to shore up any "bad actors" ahead of the COIN ETF approval and launch, including those in China.  That launch is exactly 4 weeks from now.

I believe the SEC/PBoC knows that there will be a buying frenzy when the COIN ETF launches, and wants to make sure that any Chinese bitcoin buyers are in compliance with KYC/AML policies.

I believe that if/when the COIN ETF gets approved, we will not only see more U.S.-based Bitcoin ETFs also get approval, but also Chinese-based Bitcoin ETFs as well as those in other countries will also start popping up.

All of this is BULLISH AF.

I like this theory better LOL.  I just find it hard to believe gov agencies doing something for the good of the people.

I think the same. Bitcoin operates separately to a status quo system that is in trouble both individually (countries) and collectively (global debt). At the elitist level, at least some of these people want walled gardens, digital cash and NIRP. Rogoff, the academic head of the elites has said as much, and at some stage governments that ascribe to his elitist theories will try to ban bitcoin.

Not every leader is like this though, and Bitcoin is small. Some of that crowd sees what it can bring (eg to financial services, fees, speed, trust) and it will give some great advantages & profits in the short - medium term as companies and institutions implement bitcoin tech. Plus it is a new asset class that potentially is transformative to many industries and therefore there is profit to be made (why im hodling). This is where the ETF is positioned. No one will want to miss out on the new internet / iphone 10x.

But long term in a collapsing system (as bitcoin provides a possible escape route like gold or overseas real estate has done previously), it is going to get nasty. Gold got Executive Ordered in the 30's- remember - showing that in desperation nothing is out of the question. We'll all get *ice-nined*

My positive spanners in the works are twofold:

1) is that there is no way in a collapsing system that all governments can or will agree to implement the same policy. Bitcoin will just find its way to friendly jurisdictions, like water through a crack.

This leads to 2) That in an 'every man for themselves' situation, the prescient will already be ahead of the game and will have bought up bitcoin as an insurance policy / seat at the 'arms race' table.

[Afrikoin]

At this point, any announcement between the PBoC and Bitcoin exchanges continues to hold bearish sentiment, although the overall impact on Bitcoin itself is negligible. Chinese trading volume is already a fraction of what it once was, largely due to previously inflated numbers. However, Bitcoin’s relatively small market cap means that even a small splash sends ripple across the globe. Events such as these can trigger enough fear, uncertainty, and doubt for emotional selling worldwide.

[Afrikoin]

Wow!

This is/was a good analysis article. Joel also does weekly videos on Youtube. His forecasts have a high win/loss ratio. I recommend him.

(sometimes gets it wrong, but he is top 5 best chartists i have encountered).

His ichimoku style of analysis has also rubbed off on me. I m going to pick it up as a tool

Bitcoin Price Analysis - PBoC continues to sway markets

http://bravenewcoin.com/news/bitcoin-price-analysis-pboc-continues-to-sway-markets/

[Afrikoin]

Wow!

This is/was a good analysis article. Joel also does weekly videos on Youtube. His forecasts have a high win/loss ratio. I recommend him.

(sometimes gets it wrong, but he is top 5 best chartists i have encountered).

His ichimoku style of analysis has also rubbed off on me. I m going to pick it up as a tool

Bitcoin Price Analysis - PBoC continues to sway markets

http://bravenewcoin.com/news/bitcoin-price-analysis-pboc-continues-to-sway-markets/

This TK disequilibrium coupled with a touch of the potential reversal zones, pitchfork median line, and 76.4% fibonacci retracement level of the previous move, meant that there was enough technical evidence for a breakdown. The PBoC meeting was just more fuel for the bear fire.

[Afrikoin]

Wow!

This is/was a good analysis article. Joel also does weekly videos on Youtube. His forecasts have a high win/loss ratio. I recommend him.

(sometimes gets it wrong, but he is top 5 best chartists i have encountered).

His ichimoku style of analysis has also rubbed off on me. I m going to pick it up as a tool

Bitcoin Price Analysis - PBoC continues to sway markets

http://bravenewcoin.com/news/bitcoin-price-analysis-pboc-continues-to-sway-markets/

This TK disequilibrium coupled with a touch of the potential reversal zones, pitchfork median line, and 76.4% fibonacci retracement level of the previous move, meant that there was enough technical evidence for a breakdown. The PBoC meeting was just more fuel for the bear fire.

Conclusion
The omnipresent PBoC will continue to impact price, likely in a bearish manner. Bearish Technicals or weakening Bullish Momentum aligning with these meetings means large dumps will be afoot. Overall, long term trend remains strongly bullish will no threat to Bitcoin protocol. Miners continue to add hash rate week over week signalling strength in Bitcoin’s medium and long term future. Technicals are leaning bullish with a strong possibility of extended consolidation.

[Afrikoin]

China's PBOC statement on inspection of Bitcoin exchanges, AML, Bitcoin as FX currency, no margin trading etc

[Afrikoin]

This head and shoulders happened.

[Hunyadi]

Possible head and shoulders?

Possible inverse head and shoulders (H - head - S)?