Nights Watch by Afrikoin

[dothebeats]

I'm in the camp that thinks we're still in a larger correction - similar to October2014, and June 2014.

I could be wrong, but it helps for perspective.

It is never wrong to be open in different perspectives. I, too, am waiting for a price correction to at least test if whether we are ready for a bigger push or not. For now, it seems like this train doesn't want to be stopped at the moment. Also I noticed that during nighttime in China, the price rise seem to halt or slow. China has the big hand and players in here even though the volumes aren't real.

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[Afrikoin]

 Wyckoff Theory

[Afrikoin]

I am also loooking out for something similar forming for a top of this 'correction'

Some bear is going to get slaughtered on Finex with that rather large short position that was taken. We blew past the previous high from mid summer again today.

likely did just get smashed.

That being said, I am watching closely for a potential shooting star pattern to develop here.

[Afrikoin]

"Weekly RSI about to be overbought for the first time since the bubble."

[Afrikoin]

heart warming to see such a cracker rally.

This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.

We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.

currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation.



Need more to say more. trading is going to be great with the coming volatility.

[afbitcoins]

Hi Afrikoin, just noticed your old requests for gold and bitcoin on same chart. Sorry didn't spot that at the time, haven't been frequenting the speculation forums that much lately.

Heres one, gold on top, bitcoin below if its still of interest for you..



It looks a bit like they went in inverse of each other for a while and now are kind of copying direction.




When you look at them as a ratio you see that bitcoins moves are much greater than gold, so that the ratio looks very similar to bitcion priced in $us

Heres a ratio chart



Bitcoin trying to break up through a channel at the moment, relative to gold. To stay in the channel gold will have to rise too, or bitcoin rise to end somewhere here ..

[Afrikoin]

Hi Afrikoin, just noticed your old requests for gold and bitcoin on same chart. Sorry didn't spot that at the time, haven't been frequenting the speculation forums that much lately.

Heres one, gold on top, bitcoin below if its still of interest for you..

****
It looks a bit like they went in inverse of each other for a while and now are kind of copying direction.

*****


When you look at them as a ratio you see that bitcoins moves are much greater than gold, so that the ratio looks very similar to bitcion priced in $us

Heres a ratio chart

*****

Bitcoin trying to break up through a channel at the moment, relative to gold. To stay in the channel gold will have to rise too, or bitcoin rise to end somewhere here ..

THANK YOU AFBITCOINS!

This is of great help! I'm sure a lot of lurkers will appreciate it in silence.

Your charts confirm my feelings over the past months. BTC has a slight correlation with Gold and a bit of a lag. When gold moves up by 5, BTC moves up by 5y.

Please keep posting these charts regularly when you can.

[Afrikoin]

Chart by afbitcoins

[Afrikoin]

[Hyena]

I'm sure a lot of lurkers will appreciate it in silence.

Satisfied lurker reporting in.

[spazzdla]

I as well lurker your thread.

[lebing]

There is indeed quite some lurkering occuring here 

[Hunyadi]

Another lurker here 

[Afrikoin]

heart warming to see such a cracker rally.

This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.

We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.

Also worth keeping in mind is the yellow count provided by Ryan earlier which, unless I'm mistaken, still seems a valid possibility.

Alternatively, this 5 down could be c of (b) of B where we will get a nice rally above 315 to complete a large B counter trend correction to the 152 lows' A.

[Afrikoin]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

[Fakhoury]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

I'm 90+% sure that it could, even play partially, into bitcoin.

[lebing]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

Looks like the ZH guys are out.

[Fakhoury]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

Looks like the ZH guys are out.

What are the ZH guys ?

[lebing]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

Looks like the ZH guys are out.

What are the ZH guys ?

zerohedge

[Afrikoin]

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls


http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Could this play into bitcoin?

Looks like the ZH guys are out.

if say chinese yuan gets into SDR.

Then china, relaxes capital control

allows bitcoin to thrive, lure in dollar capital heading into legal bitcoin assets in china

would force other regions to react to stay competitive

all this assuming BTC was at wild valuations ie significant market cap eg $550 Billion

A share of that is significant, right? Anything to piss off the west and moves away from dollar