Nights Watch by Afrikoin

[Afrikoin]

4h Follow-Through: BTC, ETH, XRP, LTC Ep. 17


https://www.youtube.com/watch?v=f-leZo7ER1U

[freedomno1]

Looks at the poll question about $300 a coin thinks oh man I am getting old to remember those days.
The answer is no unless I go back in time or it forks really well in the future.
On Sci-Fi
If the time line changes like in Steins Gate then we can see $300 and centuries from now this version no longer exists and is just a historical point.
But I guess we can't go back in time for now and only forward so we only have some unfinished business at $300/coin far far in the future ha-ha.

[Afrikoin]

Daily $BTCUSD chart looks toppy at top of Channel but Hourly #Bitcoin still looks like a pull back. But below Yellow line trouble starts.
https://twitter.com/ToneVays/status/863145130571829252

[Pruden]

i missed the train.

It seems you'll have soon a nice opportunity to get back on

I never thought I would hear this quote from Afrikoin :S Missed the train?? Hey, you do amazing analysis & chart, why is that?

Because charts are only a risk management tool while Afrikoin got full of himself and took them as predictions. He completely neglected his "ATH+$1" threshold to admit he was wrong and started inventing reasons why an up-wave could in the end be a down-wave. The last few weeks have been a great demonstration of cognitive dissonance at work. This is textbook bad trading.

TL; DR: ALWAYS set your stop-loss before the trade and HONOR it.

[Afrikoin]

i missed the train.

It seems you'll have soon a nice opportunity to get back on

I never thought I would hear this quote from Afrikoin :S Missed the train?? Hey, you do amazing analysis & chart, why is that?

Because charts are only a risk management tool while Afrikoin got full of himself and took them as predictions. He completely neglected his "ATH+$1" threshold to admit he was wrong and started inventing reasons why an up-wave could in the end be a down-wave. The last few weeks have been a great demonstration of cognitive dissonance at work. This is textbook bad trading.

TL; DR: ALWAYS set your stop-loss before the trade and HONOR it.

Nuh

That's not it

You get zero points for trying

[Afrikoin]

i missed the train.

It seems you'll have soon a nice opportunity to get back on

I never thought I would hear this quote from Afrikoin :S Missed the train?? Hey, you do amazing analysis & chart, why is that?

Because charts are only a risk management tool while Afrikoin got full of himself and took them as predictions. He completely neglected his "ATH+$1" threshold to admit he was wrong and started inventing reasons why an up-wave could in the end be a down-wave. The last few weeks have been a great demonstration of cognitive dissonance at work. This is textbook bad trading.

TL; DR: ALWAYS set your stop-loss before the trade and HONOR it.

I said it here before

I miscounted a wave

It was not complete

If you look around you'll see the technical chartists who got it right

[Afrikoin]

Nickonomics


https://www.tradingview.com/chart/BTCUSD/peNImpWP-BTCUSD-Short-Term-Update-First-Phase-Of-Correction-Is-Over/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish

[Colonel Panic]

i missed the train.

It seems you'll have soon a nice opportunity to get back on

I never thought I would hear this quote from Afrikoin :S Missed the train?? Hey, you do amazing analysis & chart, why is that?

Because charts are only a risk management tool while Afrikoin got full of himself and took them as predictions. He completely neglected his "ATH+$1" threshold to admit he was wrong and started inventing reasons why an up-wave could in the end be a down-wave. The last few weeks have been a great demonstration of cognitive dissonance at work. This is textbook bad trading.

TL; DR: ALWAYS set your stop-loss before the trade and HONOR it.

I said it here before

I miscounted a wave

It was not complete

If you look around you'll see the technical chartists who got it right

You're not listening:

You "miscounted", no problem, all traders make wrong calls. The point Pruden is making is that a good trader (or just one that will survive) doesn't enter a position without preparing the exit. That's the exit should the trade go either good or bad. And being 'out' is also a position.

You set yourself your exit at ATH+1, but then, like an amateur, you didn't go through with it and missed a 40% move. Now, when you're asked for your re-entry you say $1100? (with a question mark)  - no doubt if it gets there you won't do that either and will wait for your $800.

You're collating all these charts from others around the net and adding next to no value, flip-flopping around with amateurish indiscipline. Pruden is right about the textbook bad trading - have you met Mat The Cat?

[Tzupy]

Nickonomics


https://www.tradingview.com/chart/BTCUSD/peNImpWP-BTCUSD-Short-Term-Update-First-Phase-Of-Correction-Is-Over/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish

Maybe, but if the small triangle will break down, then this will be invalidated and we'll crash to ~1400$.

Edit. It broke up, so even if this part of an ABC correction, so far it looks bullish on a medium term.

[BitcoinerXX]

whats you target price to buy back in Afrikoin?

$1100?

do you got a backup plan if the price doesnt drop back towards the old ath? maybe 1400 or 1500 will be the new floor? at what price will you fomo and jump back in, 2k, 3k?

[Afrikoin]

whats you target price to buy back in Afrikoin?

$1100?

do you got a backup plan if the price doesnt drop back towards the old ath? maybe 1400 or 1500 will be the new floor? at what price will you fomo and jump back in, 2k, 3k?

Yeah

I think $1400-$1500 is a good buy zone if the up trend continues

[Afrikoin]

Founder of the world’s largest hedge funds says the ‘magnitude’ of the next downturn will be epic

http://www.marketwatch.com/story/hedge-fund-pro-ray-dalio-has-some-bad-news-says-for-stock-market-investors-2017-05-12

[Afrikoin]

i missed the train.

It seems you'll have soon a nice opportunity to get back on

I never thought I would hear this quote from Afrikoin :S Missed the train?? Hey, you do amazing analysis & chart, why is that?

Because charts are only a risk management tool while Afrikoin got full of himself and took them as predictions. He completely neglected his "ATH+$1" threshold to admit he was wrong and started inventing reasons why an up-wave could in the end be a down-wave. The last few weeks have been a great demonstration of cognitive dissonance at work. This is textbook bad trading.

TL; DR: ALWAYS set your stop-loss before the trade and HONOR it.

I said it here before

I miscounted a wave

It was not complete

If you look around you'll see the technical chartists who got it right

You're not listening:

You "miscounted", no problem, all traders make wrong calls. The point Pruden is making is that a good trader (or just one that will survive) doesn't enter a position without preparing the exit. That's the exit should the trade go either good or bad. And being 'out' is also a position.

You set yourself your exit at ATH+1, but then, like an amateur, you didn't go through with it and missed a 40% move. Now, when you're asked for your re-entry you say $1100? (with a question mark)  - no doubt if it gets there you won't do that either and will wait for your $800.

You're collating all these charts from others around the net and adding next to no value, flip-flopping around with amateurish indiscipline. Pruden is right about the textbook bad trading - have you met Mat The Cat?

i did not have a position. i was not short either. So im not sure what you talking about. point is moot

ATH + 1 was an invalidation point for further downside

But ATH+1 could easily have been a breach of a high and resumption down. There are patterns that break past high and continue down.

Yes, i have my reasons for $1100

better question should have been why i said this

i collate charts here for the reasons stated at the start of the thread

You are making statement based on information you do not have. Like assuming i was trading a short position

You have no idea what my trading objective is

And what i gain from this thread.

Your comments based on partial information. 

[Afrikoin]

i missed the train.

It seems you'll have soon a nice opportunity to get back on

I never thought I would hear this quote from Afrikoin :S Missed the train?? Hey, you do amazing analysis & chart, why is that?

Because charts are only a risk management tool while Afrikoin got full of himself and took them as predictions. He completely neglected his "ATH+$1" threshold to admit he was wrong and started inventing reasons why an up-wave could in the end be a down-wave. The last few weeks have been a great demonstration of cognitive dissonance at work. This is textbook bad trading.

TL; DR: ALWAYS set your stop-loss before the trade and HONOR it.

confused

getting tired.


Just leave the thread if it dont please you.

[Afrikoin]

We are all here from different countries with different objectives

Im here on this thread for my own reasons

This thread is not an authority

The thread is my space

I have learnt SO MUCH here. I would not give it back for the wrong calls i made.

Learning!


If you think a chart is wrong, share yours. No rules against that

[Afrikoin]

This is a thread I'm starting to keep track of XBT markets, price movements and a bit of fundamentals. Mostly interested in price movements of the medium - long term variety. Not intraday.

The icon is a question mark because no one knows what the price will be next week, or the week after etc etc My idea of coming up with close predictions/forecasts is from the crowd.

Nights Watch because they see what is coming before the rest. Ideally, the point of this thread.

I believe there is a ton of information out there on where people think the price is heading. What I will do is bring together all i come across/ find into a single thread.

There IS great value in aggregating forecast from the 'wisdom' of the crowd.

Of course, not just any sort of shitty forecasts and TA, but what i judge and consider to be worth a look.

MY THREAD, MY RULES.

Will Mod if things get out of hand.

PLEASE DO NOT COME HERE EXPECTING STRAIGHT ANSWERS. Can't handle a maybe/dont know answer/answer you disagree with, GET LOST!




Since it is under 'Speculation' i will occasionally play toy with speculative charts & TA

Will gather charts from other threads too, no rules against that.

CHARTS, TA, EW, PnF. . . .

Free to follow.
No hate speech.
Peaceful thread.
no trolls

PEACE, LOVE and BITCOINS

[Wekkel]

Made a chart of Peercoin (I have a weakness for this coin...)

[Afrikoin]

Made a chart of Peercoin (I have a weakness for this coin...)

[img]https://i.imgur.com/zvpGCkH.jpg

May 16th is my birthday!

So if it holds, what's a reasonable target?

I want to speculate on this

[Wekkel]

$3-3.5, but it could also sink to the floor 

High risk/reward

If Bitcoin does another 2013, this is a coin that could fly considerably (large/old enough to have some traction, small enough to still become/exceed a 10-bagger from here)

[Afrikoin]

Bottom line: We need to see the test of 1820-30 area to clarify short-term wave count. All important price levels are drawn on the chart.

At this moment the price is likely to test 1830 level, and this area may be very important because its test could determine whether the market makes new all-time high or not.

The difficulty is that we can't be certain whether the decline from 1892 to 1601 is a motive wave (setting new trend down) or a Double Zigzag Wave (4) of higher degree, which means absolute highs are yet to be set. The daily chart looks like this:

source: https://www.tradingview.com/chart/BTCUSD/vSmEIweq-BTCUSD-Short-Term-Update-Ambiguous-Wave-Structure/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish