Nights Watch by Afrikoin

[RyNinDaCleM]

Left is Bullish, Right is bearish
Being a continuation pattern, the direction the triangle is entered is the direction of the break. Ascending/Descending has no bearing on bullishness/bearishness.

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[Tzupy]

Left is Bullish, Right is bearish
Being a continuation pattern, the direction the triangle is entered is the direction of the break. Ascending/Descending has no bearing on bullishness/bearishness.

The big triangle held at 390$, but time is running out for the bulls, so this time if 400$ will be broken, it should clearly break the triangle down and cause a massive selloff.

[RyNinDaCleM]

Left is Bullish, Right is bearish
Being a continuation pattern, the direction the triangle is entered is the direction of the break. Ascending/Descending has no bearing on bullishness/bearishness.

The big triangle held at 390$, but time is running out for the bulls, so this time if 400$ will be broken, it should clearly break the triangle down and cause a massive selloff.

Still time for a false break, triggering stops in the process. As long as the C wave low holds (352.5), triangle is still valid. The 390 hit was lacking a completed structure, so I am still looking at the possibility of more down, even if truncated, to complete the triangle.

Edit:

[BitcoinNewsMagazine]

Sometimes reading charts can drive you batty. Plenty of great traders just wait for a trend to clearly establish, jump on board then sell before the rush for the exit starts. In other words the trend is your friend and don't be a pig. Good example is recent Ether action.

[Afrikoin]

source: https://www.reddit.com/r/BitcoinMarkets/comments/3uazhs/daily_discussion_thursday_november_26_2015/cxdm8vi

[Afrikoin]

The Trade 3

Starts at 9.00min

Tone is bearish. says he is looking at $300 - $250 as buy zone

Says RSI is overbought multiple times vs number of time oversold since November 2015 $504 high

Admits he would be bullish if some random bullish news came out and pushed up above $450 -$480
https://www.youtube.com/watch?v=zKau7yXoX9c

[Afrikoin]

Again, this is a problem which comes from asking the wrong question. Here is someone who has never seen a cat. He is looking through a narrow slit in a fence, and, on the other side, a cat walks by. He sees first the head, then the less distinctly shaped furry trunk, and then the tail. Extraordinary! The cat turns round and walks back, and again he sees the head, and a little later the tail. This sequence begins to look like something regular and reliable. Yet again, the cat turns round, and he witnesses the same regular sequence: first the head, and later the tail. Thereupon he reasons that the event head is the invariable and necessary cause of the event tail, which is the head's effect. This absurd and confusing gobbledygook comes from his failure to see that head and tail go together; they are all one cat.

The cat wasn't born as a head which, sometime later, caused a tail; it was born all of a piece, a head-tailed cat. Our observer's trouble was that he was watching it through a narrow slit, and couldn't see the whole cat at once.

The narrow slit in the fence is much like the way in which we look at life by conscious attention, for when we attend to something we ignore everything else. Attention is narrowed perception. It is a way of looking at life bit by bit, using memory to string the bits together-as when examining a dark room with a flashlight having a very narrow beam. Perception thus narrowed has the advantage of being sharp and bright, but it has to focus on one area of the world after another, and one feature after another. And where there are no features, only space or uniform surfaces, it somehow gets bored and searches about for more features. Attention is therefore something like a scanning mechanism in radar or television, and Norbert Wiener and his colleagues found some evidence that there is a similar process in the brain.

But a scanning process that observes the world bit by bit soon persuades its user that the world is a great collection of bits, and these he calls separate things or events. We often say that you can only think of one thing at a time. The truth is that in looking at the world bit by bit we convince ourselves that it consists of separate things, and so give ourselves the problem of how these things are connected and how they cause and effect each other. The problem would never have arisen if we had been aware that it was just our way of looking at the world which had chopped it up into separate bits, things, events, causes, and effects. We do not see that the world is all of a piece like the head-tailed cat.

[afbitcoins]

Again, this is a problem which comes from asking the wrong question. Here is someone who has never seen a cat. He is looking through a narrow slit in a fence, and, on the other side, a cat walks by. He sees first the head, then the less distinctly shaped furry trunk, and then the tail. Extraordinary! The cat turns round and walks back, and again he sees the head, and a little later the tail. This sequence begins to look like something regular and reliable. Yet again, the cat turns round, and he witnesses the same regular sequence: first the head, and later the tail. Thereupon he reasons that the event head is the invariable and necessary cause of the event tail, which is the head's effect. This absurd and confusing gobbledygook comes from his failure to see that head and tail go together; they are all one cat.

The cat wasn't born as a head which, sometime later, caused a tail; it was born all of a piece, a head-tailed cat. Our observer's trouble was that he was watching it through a narrow slit, and couldn't see the whole cat at once.

The narrow slit in the fence is much like the way in which we look at life by conscious attention, for when we attend to something we ignore everything else. Attention is narrowed perception. It is a way of looking at life bit by bit, using memory to string the bits together-as when examining a dark room with a flashlight having a very narrow beam. Perception thus narrowed has the advantage of being sharp and bright, but it has to focus on one area of the world after another, and one feature after another. And where there are no features, only space or uniform surfaces, it somehow gets bored and searches about for more features. Attention is therefore something like a scanning mechanism in radar or television, and Norbert Wiener and his colleagues found some evidence that there is a similar process in the brain.

But a scanning process that observes the world bit by bit soon persuades its user that the world is a great collection of bits, and these he calls separate things or events. We often say that you can only think of one thing at a time. The truth is that in looking at the world bit by bit we convince ourselves that it consists of separate things, and so give ourselves the problem of how these things are connected and how they cause and effect each other. The problem would never have arisen if we had been aware that it was just our way of looking at the world which had chopped it up into separate bits, things, events, causes, and effects. We do not see that the world is all of a piece like the head-tailed cat.

Quite philosophical my friend. I thought you were going to start talking about quantum physics and cats being neither alive nor dead for a moment.

Or that experiment where you fire electrons through slits and the pattern of where they hit on the other side shows wave interference!

[Afrikoin]

[afbitcoins]

I guess everyone is looking at this wedge. Which way will it break? (up)

[Morecoin Freeman]

The period leading up to the first bitcoin halving and the period just before the coming bitcoin halving look quite similar to me.
Note that we are in the most lasting uptrend since the one that lead to the all time high. My guess is that we are breaking up before the halving.

[Afrikoin]

Diversify your portfolio with an allocation to Bitcoin http://grayscale.co/wp-content/uploads/2016/03/Grayscale-Paper-1.pdf

by grayscale.

//On another note, i don't see  why people still doubt bitcoin. It is real now. This report cites it as a wayto diversify a portfolio as per modern portfolio Theory. Shouldn't that atleast mean its not crazy internet money anymore?

[Afrikoin]

BTCC's Samson Mow on Block Size: The Bitcoin Community Must See Through Manipulation, Keep Calm and Write Code

https://bitcoinmagazine.com/articles//btcc-s-sampson-mow-on-block-size-the-bitcoin-community-must-see-through-manipulation-keep-calm-and-write-code-1458061357

[Afrikoin]

.@ekdromoi @77wHan any position you take as this triangle ends is extremely high Risk/Reward. Watch for fake outs and don't lose you're ass.

https://twitter.com/77wHan/status/710025272368607232

[Afrikoin]

$404

Looking at $400

[Gillette]

$404

Looking at $400

Any updates?

[Afrikoin]

$404

Looking at $400

Any updates?

Looking at a test of $430 on this move up. Then see if a sloping trendline forces price back down. I am inclined to think so.

[Afrikoin]

Good read! from
Marek "Slush" Palatinus

Contentious Blocksize Wars

https://medium.com/@slush/contentious-blocksize-wars-6fd7c07f9d90#.9xk4h8tje

[Afrikoin]

#BITCOIN Dont buy into this pump. Big money running up price to sell into bids before significant price drop. This happened 1/8, 2/21, 2/29

https://twitter.com/PaulSproge/status/714231680878448640

[Afrikoin]

"Expecting Bitcoin to drop strongly in wave [y] of 3. Targets below $230"