Nights Watch by Afrikoin

[Afrikoin]

This triangle could be Z of wave of (B) (very exciting) or b of B (not very exciting)

we are aiming for a fib of the entire retrace.

[Afrikoin]

small update about recent movement from china. 

moving averages are my favorite indicators right now:

after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.





from yesterday:

[Afrikoin]

Cup and handle?
<300 is not exactly likely, but i do see some dumps going on right now, and ya it could go Deep, who knows.. if we do get to see 28X, it will be on High volume! climbing to 500 in a cup and handle seems likely, time frame is all wrong on the graph i drew.

Adam's prediction: <333  >500 shortly after
Adam's Cheap Coins Target: 323.1 - 282.9

[Afrikoin]

watch out for double tops around this 200 moving average. else, rally continues

my bias is a double top

[Afrikoin]

lets not forget about DanVs chart

[Afrikoin]

This was 8 months ago.

be careful on break outs. some turn sour

[koryu]

Following the fibonacci retracements from 502 to 198 would target 386 while > 350.
Actually we are still going up the bb(20) on 4hour chart, but daily chart seems to be overbought soon.

So I guess we cant go straight to 386, if it happens I expect a dump like we saw yesterday. Sideways above 350 would be healthy then slowly up to 386.



/e: also interesting are the retracements from 3350 to 1851 cny with target 2423cny ~ 380$

[Afrikoin]

The  Gloom  of  Central  Banking by Tuur demester (from 2012)

*about Central Banks fretting over Bitcoin

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/10-2/The%20Gloom%20of%20Central%20Banking.pdf

[Afrikoin]

'm Tuur Demeester, Bitcoin investor, economist and founder of Adamant Research. Ask me anything! (AMA Nov 26)

Very good read this one. Make sure to read ALL of it

https://forum.bitcoin.com/ama-ask-me-anything/i-m-tuur-demeester-bitcoin-investor-economist-and-founder-of-adamant-research-ask-me-anything-t2911.html

[afbitcoins]

Thanks for this thread afrikoin, its interesting and has a good balance.

[Afrikoin]

[Afrikoin]

"The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese renminbi (RMB) met the existing criteria to be included in the basket. The Board today decided that the RMB met all existing criteria and, effective October 1, 2016 the RMB is determined to be a freely usable currency and will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound. Launching the new SDR basket on October 1, 2016 will provide sufficient lead time for the Fund, its members and other SDR users to adjust to these changes."

http://www.imf.org/external/np/sec/pr/2015/pr15540.htm?hootPostID=047781b4a3f9970228cd41f8e4d53b02

[Afrikoin]

Some thoughts on trying to convince people of Bitcoin's potential.The different kinds of people that "don't see it"

[Afrikoin]

385 target reached but the new weekly candle looks like limited upside or rollercoaster when above 385



 
while orderbooks on western exchanges start to look less bullish, btcchina bidsum is growing...
the premium between china and us is 10$, chinese fear another devaluation of cny?

[Afrikoin]

[Afrikoin]

a16z Podcast: Blockchain vs./and Bitcoin with Adam Ludwin

https://soundcloud.com/a16z/blockchain-bitcoin

[Afrikoin]

Are Bitcoin and the Blockchain Joined At The Hip?
AVC
Fred Wilson

Very good comments! Comment sections are a treasure trove

http://avc.com/2015/11/are-bitcoin-and-the-blockchain-joined-at-the-hip/

[Afrikoin]

Bitcoin Technical Analysis - 23

https://www.youtube.com/watch?v=vjrB1YDJm4Q&feature=youtu.be&a

[suda123]

Thanks for this thread afrikoin, its interesting and has a good balance.

agree

[Afrikoin]

Are Bitcoin and the Blockchain Joined At The Hip?
AVC
Fred Wilson

Very good comments! Comment sections are a treasure trove

http://avc.com/2015/11/are-bitcoin-and-the-blockchain-joined-at-the-hip/

Interesting that in most comments on this thread (AVC thread) no one talks about the possibility of a financial crisis that drives masses into bitcoin as a safe haven!

Everyone is looking for a killer app for bitcoin, and i often see this possibility as largely ignored - by a lot of technical discussions, or not brought up often.

I guess maybe it is because discussing technical aspects of the Bitcoin blockchain vs other blockchains is based on facts, known with little room for intuition or forecasts. Therefore, technical experts (programming, tech etc) can succinctly discuss the pros and cons of Bitcoin blockchain vs Bank chain.

But, discussing the possibility of a financial crisis that leads to adption of a censorship proof asset is more like throwing darts, because no one really knows the future and most forecasts are probabilities rather than cold hard truths.

What they forget, or is forgotten in these discussions/comments is that there are a lot of smart people on bitcointalk thread looking at the global economy and whether or not it is getting closer to a decisive point ie loss of trust in fiat currency, cashless agenda, overpriced stock markets etc - and they, see this as imminent.

maybe not pinned down to an exact date, but inevitable at some point.

What we need (speculators) is a strong, robust, scalable Bitcoin blockchain netowrk. I believe the rest will follow (loss of trust in Fiat)and at that time, a lot of people will look at bitcoin and want to get in ie buy some.

*END*