Nights Watch by Afrikoin

[Afrikoin]

"A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it". - Max Planck

"Science advances one funeral at a time" - Max Planck.

[Afrikoin]

Bitcoin the Currency

Michael Goldstein – May 4, 2015

http://bitstein.org/blog/bitcoin-the-currency/

[Afrikoin]

Nick Szabo: Bitcoin More Secure Than Gold

http://insidebitcoins.com/news/nick-szabo-bitcoin-more-secure-than-gold/36100

Bitcoin as a Better Reserve Currency

"Due to bitcoin’s superiority over gold in terms of security, Szabo also mentioned that the digital currency may be useful as a reserve currency for banks and governments. He explained:

“Reserve currency — this one [bitcoin] hasn’t been used for yet, but it’s something I envisioned when I was [developing] bit gold and something you could still do with bitcoin. Governments and banks could use [bitcoin] as their reserve currency. When political distrust rises — when wars break out — it’s going to be a lot more secure to be holding cryptocurrency than to be holding gold, especially since a lot of the world’s gold is held and entrusted in the United States anyway.”"

[Afrikoin]

China Now Part of the Special Drawing Rights (SDR): Bullish For Bitcoin

http://sammantics.com/blog/2015/12/2/china-now-part-of-the-special-drawing-rights-sdr-this-is-bullish-for-bitcoin

[Hyena]

This thread is starting to look more like a bullish news thread lately ... anyway Max Planck's quotes are awesome. I believe he has also said that consciousness generates matter and not vice versa and perhaps even that life is not an exception but a rule to this universe.

[Afrikoin]

This thread is starting to look more like a bullish news thread lately ... anyway Max Planck's quotes are awesome. I believe he has also said that consciousness generates matter and not vice versa and perhaps even that life is not an exception but a rule to this universe.

Interesting!

Always known this but from a different perspective. LIke, if you think hard enough about something, over time, it becomes reality. eg thinking about yourself as a success, over time, the more you do this, you start observing success in your reality - life.

TBH, i have experienced this in my life (after embracing some of alan watts ideas), and while I could not explain scientifically, my intuition confirmed this was what was going on.

Thank you for sharing this!

i am a huge believer ( and learning how to apply this in my daily life) of mind informs reality. YOur thoughts are energy, that somehow connects to reality and influences reality.

Anyway, will read up more on this.

PS: this thread is a long term bull ie Bitcoin and bitcoin the currency will succeed.

[Afrikoin]

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

agree

most welcome suda123 and afbitcoins

[Afrikoin]

"EW may not be the best tool, but then I am not aware of any disciple or approach of TA can give you consistently exact lows and highs well in advance.

My view is that any TA is an attempt to frame the price action to enable trader to predict or anticipate likely future move. In that context EW which do incorporate other forms of tools such as trendlines/ trend channel/ Fibonacci, momentum etc. So I feel it does have some advantages that other forms of TA do not.

With all things, more data always clarify details but often the trade off for that is that some of the move could be over, unless in major directional trend that will last a long time. "

[Afrikoin]

The One Chart that Tells the True Story of Bitcoin this Year

Read more: http://www.nasdaq.com/article/the-one-chart-that-tells-the-true-story-of-bitcoin-this-year-cm549929#ixzz3tQaGlZ61

[Afrikoin]

[Afrikoin]

Pullback to $ 300?

[koryu]

Pullback to $ 300?

because of the cny devaluation, china is already in the upper area, while western exchanges arent as we see in your chart.

[Afrikoin]

Pullback to $ 300?

[imgsnip[/img]http://

because of the cny devaluation, china is already in the upper area, while western exchanges arent as we see in your chart.

Do you see this going up to $550 - $ 650?

[Afrikoin]

Pullback to $ 300?

because of the cny devaluation, china is already in the upper area, while western exchanges arent as we see in your chart.

This is also a possibility

[koryu]

Do you see this going up to $550 - $ 650?

yep I think 600 is the target before halving but not sure if this is already the breakout. western exchanges has to sustain above 420$ and china above 2500cny imo. so usd exchanges have to follow china first.
anyway I have opened a long when we went we reached 2500+cny but with stop loss at break even.

This is also a possibility

yep, well a lot is possible but weekly chart looks bullish, tomorrow starting a new candle and the current one will most likely be green following the bollinger bands which looks like rally mode.
but trading here needs a good entry point.
 

[Afrikoin]

Do you see this going up to $550 - $ 650?

yep I think 600 is the target before halving but not sure if this is already the breakout. western exchanges has to sustain above 420$ and china above 2500cny imo. so usd exchanges have to follow china first.
anyway I have opened a long when we went we reached 2500+cny but with stop loss at break even.

This is also a possibility

yep, well a lot is possible but weekly chart looks bullish, tomorrow starting a new candle and the current one will most likely be green following the bollinger bands which looks like rally mode.
but trading here needs a good entry point.
 

I see what you mean, and agree that there is a bullish potential here.

FYI, not disagreeing with you, just playing devils advocate for a more refined objective forecast.

Ok, since we are looking at bollinger bands, how about comparing bollinger formation here with $650 in April/May/June/July 2014?

What do you think?

[koryu]

I see what you mean, and agree that there is a bullish potential here.

FYI, not disagreeing with you, just playing devils advocate for a more refined objective forecast.

Ok, since we are looking at bollinger bands, how about comparing bollinger formation here with $650 in April/May/June/July 2014?

What do you think?

yep you are right that this looks very similar on the 3d chart but on the weekly it looks different.
the run up in june 2014 didnt touch the upper bands on weekly. 

[Afrikoin]

Replace 'Math' with 'Bitcoin'

[Afrikoin]

I am quite positive that we are in an uptrend now.

Things seem to be moving slowly but the quick rise from 250->500 proved that BTC is not tamed. The superspike will be crazy

[Afrikoin]

I was waiting for loads of comments about Technical Analysis being shit and sock puppet accounts telling me bitcoin is going to zero ? whats going on? are bears turning into bulls ? Have they given up?

Yep! Time to sell 

Honestly though, I don't really like that channel. Two points on the bottom makes for an unreliable channel base line. Basically, it can be moved infinitely until it works. The true channel bottom (which had 4 or 5 bounces on it) was broken nearly a year ago. We haven't even retested the underside of it, So upside is a great possibility, but to automatically assume we are heading to new ATH's is a bit premature.

I do think a 50-61.8% retrace of the entire bear is in order, but definitely not guaranteed. The top may have been the $500 high and we are still trying to figure out the oscillations before finishing the bear.