Nights Watch by Afrikoin

[Afrikoin]

[1714927661]

1714927661

[1714927661]

1714927661

[1714927661]

1714927661

[1714927661]

1714927661

[Afrikoin]

The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.

... EW is King of ponzi land.

This would be in a fourth wave position of some degree, and a fifth wave to follow.

beware of the terminal triangle

[Afrikoin]

 I can't believe my eyes!!

Mainstream media

Bitcoin to be 6th largest reserve currency by 2030: Research

http://www.cnbc.com/2015/11/03/bitcoin-to-be-6th-largest-reserve-currency-by-2030-research.html

[megadeth]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

[SmoothCurves]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.

[SmoothCurves]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

Look at the comments. "Clearly from the 2 scenarios the Megaphone pattern appears to have failed." - Dan V

[Afrikoin]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.

i feel a lot of people are playing up the halving. Not saying its insignificant, but its not the 'killer app'.

Could be my slight bearish bias. But litecoin had a halving the other day and price went up right before that. Obviously it is not like for like, but you see my point

[lebing]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

Look at the comments. "Clearly from the 2 scenarios the Megaphone pattern appears to have failed." - Dan V

yup that count was annihilated.

[Afrikoin]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

Hi?

Thanks for posting

You can post DanV charts here anytime. Snip them up and post.

Please!

[Afrikoin]

Play Defence

"I could see what you mean in EW, but in traditional TA analysis, this double bottom between Jan 2015 and Aug's low is huge, compare to intraday size it's daily and even weekly.Also second low with less volume but higher low show bullish strength. In moving average theory, price is above weekly 30MA and daily 20, 50, 100, 200MA are all line up pointing upward, exchange volume is large money flow in. Normally in moving average theory we can use 200 daily MA and weekly 30MA to identify bullish and bearish cycle. Sometime EW counts would be difficult but could have forecast meaning, but combining price with volume analysis it's obvious August's low with less volume showing some bullish strength and increasing daily trading volume confirm it, IMO."

[SmoothCurves]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.

i feel a lot of people are playing up the halving. Not saying its insignificant, but its not the 'killer app'.

Could be my slight bearish bias. But litecoin had a halving the other day and price went up right before that. Obviously it is not like for like, but you see my point

Nobody gives a crap about Litecoin. Every headline on digital currency and documentary being made is about Bitcoin. That's the only halving that matters and the previous halving is something worth study. Use the most conservative values you can find from day of the halving up to a week before cypress happened and you get something like a x40 increase in price. If we crash to $150 and the halving is only half as strong as before that's still a conservative estimate of $3k/btc before 2017.

[Afrikoin]

DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/

I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.

i feel a lot of people are playing up the halving. Not saying its insignificant, but its not the 'killer app'.

Could be my slight bearish bias. But litecoin had a halving the other day and price went up right before that. Obviously it is not like for like, but you see my point

Nobody gives a crap about Litecoin. Every headline on digital currency and documentary being made is about Bitcoin. That's the only halving that matters and the previous halving is something worth study. Use the most conservative values you can find from day of the halving up to a week before cypress happened and you get something like a x40 increase in price. If we crash to $150 and the halving is only half as strong as before that's still a conservative estimate of $3k/btc before 2017.

Exactly what i was trying to avoid with my caveat

But, im with you on your (bolded).

Its a coin toss now really, between permabears and bulls.

Admittedly, bears may be trapped in their own bias (me included). The extreme opposite of ultra bulls.

But, my gut tells me this is a correction. SO looking for a top before $200s

Lets see how 2 year daily average behaves

[Afrikoin]

TECHNICALS! Alright, here's what I'm seeing guys...

Also have this in mind. A counter argument

I could see what you mean in EW, but in traditional TA analysis, this double bottom between Jan 2015 and Aug's low is huge, compare to intraday size it's daily and even weekly.Also second low with less volume but higher low show bullish strength. In moving average theory, price is above weekly 30MA and daily 20, 50, 100, 200MA are all line up pointing upward, exchange volume is large money flow in. Normally in moving average theory we can use 200 daily MA and weekly 30MA to identify bullish and bearish cycle. Sometime EW counts would be difficult but could have forecast meaning, but combining price with volume analysis it's obvious August's low with less volume showing some bullish strength and increasing daily trading volume confirm it, IMO.

[Afrikoin]

Over $450 and i'll put my spacesuit on.

[Afrikoin]

[Afrikoin]

[Afrikoin]

DanV

I am not suggesting short. Merely to look out for possible sign of rally stalling. Whilst at the same to show that this is a retracement rally and wave c of that could indeed look like unstoppable and lead to conclude that this new cycle. It can be compared to an echo wave of the main bubble of 2013. Sentiments will be similar and price action might even appear the same.

If this is a wave c of Retracement rally then the reversal will be total. For now remaining long is the right thing whilst staying on guard. "

[Afrikoin]

Pinkyfloyd 111

Yeah, people are already saying publishing "too da moon charts." Meanwhile gold is crashing, I believe BTC will also start to turn around, but it's usually delayed for a few weeks compared to gold.

[Afrikoin]

[ssmc2]

Pinkyfloyd 111

Yeah, people are already saying publishing "too da moon charts." Meanwhile gold is crashing, I believe BTC will also start to turn around, but it's usually delayed for a few weeks compared to gold[/b].

Until it's not