Nights Watch by Afrikoin

[Afrikoin]

Be careful! Next days are critical...

[Afrikoin]

Russell Newton Indicator

BTC-CNY poised for a pop here? Looks like it to me. #bitcoin #GABIjersey

[Afrikoin]

Bitcoin Fungibility: The Most Important Feature?

https://medium.com/@JayCoDon/bitcoin-fungibility-the-most-important-feature-of-bitcoin-4b87a381f21a#.4i1kk6pws

[Jumanji7]

Be careful! Next days are critical...

Do you want to say that the history will repeat itself?

[DuckKeeper]

Yes it could do that without invalidating the bullish trend, main thing I'm looking for is to see support and resistance where the lines are. Have a feeling its more likely to go up than down but that might just be my personal bias coming through.

[Jumanji7]

Yes it could do that without invalidating the bullish trend, main thing I'm looking for is to see support and resistance where the lines are. Have a feeling its more likely to go up than down but that might just be my personal bias coming through.

The question is how much it will go down if it decides to do this?

[Afrikoin]

Be careful! Next days are critical...

Do you want to say that the history will repeat itself?

Not me saying. Chart guy did.

I am in the camp that thinks we're going up to a medium term high. Not another mega bull. SO anywhere from $850 - $1200, but no more. Will be very surprised if we do. I see $900 as a definite real possibility.

Some possible downside upto $540, but, the trend is up. Unless some major unexpected event emerges. Lots of people are bullish right now, and that makes me skeptical a bit. I am always cautious of frenzy and irrational exuberance, for when an unexpected move unravels.

My current thinking is, we go up to $1000 and get crazy media attention, then pull in some mega bullish mainstream folks who think we are heading off for another mega rally, to $10,000. Current holders caught up in same moon calls double down.

Then, it all goes wrong, *something* happens, and we do a 50% retracement from top to bottom. Sideways coold down, then more down.

[Kramerc]

"Lots of people are bullish right now, and that makes me skeptical a bit. I am always cautious of frenzy and irrational exuberance, for when an unexpected move unravels."

The only people who are still bullish are the speculators that managed to escape a death by boredom. For now.

What frenzy and irrational exuberance? There's like 5 posts per day on the wall observer thread, if that doesn't help one gauge market sentiment, I don't know what does.

[Afrikoin]

"Lots of people are bullish right now, and that makes me skeptical a bit. I am always cautious of frenzy and irrational exuberance, for when an unexpected move unravels."

The only people who are still bullish are the speculators that managed to escape a death by boredom. For now.

What frenzy and irrational exuberance? There's like 5 posts per day on the wall observer thread, if that doesn't help one gauge market sentiment, I don't know what does.

Moon calls. I do not look much at Wall Observer. I mostly look at r/bitcoin/markets. Lots of bulls there. Worst was a retrace to $540 then bull.

Here is one example of a moon call from masterluc over at Analysis thread. New bull cycle

[sandiman]

Is RyanDaClaim chart still valide?

[Jumanji7]

"Lots of people are bullish right now, and that makes me skeptical a bit. I am always cautious of frenzy and irrational exuberance, for when an unexpected move unravels."

The only people who are still bullish are the speculators that managed to escape a death by boredom. For now.

What frenzy and irrational exuberance? There's like 5 posts per day on the wall observer thread, if that doesn't help one gauge market sentiment, I don't know what does.

Moon calls. I do not look much at Wall Observer. I mostly look at r/bitcoin/markets. Lots of bulls there. Worst was a retrace to $540 then bull.

Here is one example of a moon call from masterluc over at Analysis thread. New bull cycle

So according to masterluc historical wave (Elliott wave)  begins ?

[Afrikoin]

Chinese Yuan vs Bitcoin

+ that's yuan inverted

+ Definitely looks correlated, nice find. Although scales should be noted; the Yuan decreased 3% vs bitcoin's increase of 150%.

[Afrikoin]

Vinny Lingham says a huge spike is coming

https://twitter.com/VinnyLingham/status/785924515695964160

[Afrikoin]

Stochastic

[Afrikoin]

Volatility is coming again

[Afrikoin]

Where are we?

[Afrikoin]

Japan set to drop sales tax on buying virtual currency

http://asia.nikkei.com/Politics-Economy/Policy-Politics/Japan-set-to-drop-sales-tax-on-buying-virtual-currency?n_cid=NARAN012

[RyNinDaCleM]

Is RyNinDaCleM* chart still valide?

Yes, and I also feel $850 to $1000 or so is very possible before we see any significant down move.

I made this chart two weeks ago or so. Note the red indicator at the bottom, and the period between the two yellow vertical lines. It is a directional volume indicator that I made, and it shows fairly strong accumulation in this chop. The Y in the box would be a larger B.

[Fakhoury]

Japan set to drop sales tax on buying virtual currency

http://asia.nikkei.com/Politics-Economy/Policy-Politics/Japan-set-to-drop-sales-tax-on-buying-virtual-currency?n_cid=NARAN012

You know brother, this news alone could push the adoption in Japan to new highs, as you are aware, the government is friendly to Bitcoin there and the Japanese market is thirsty for Bitcoin, this news adds to the news arsenal we've to push the price and adoption further.

[Afrikoin]