Nights Watch by Afrikoin

[Afrikoin]

China Said to Study Limiting Outflows Via Bitcoin as Yuan Drops : BBG

[sickpig]

China Said to Study Limiting Outflows Via Bitcoin as Yuan Drops : BBG

Link(s)/source(s)?

What's BBG?

[kehtolo]

I think it means it's from Bloomberg. (Bloomberg Group)

[Afrikoin]

The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.

We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.

Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us.

[Afrikoin]

China Said to Study Limiting Outflows Via Bitcoin as Yuan Drops : BBG

Link(s)/source(s)?

What's BBG?

China Prepares To Impose Curbs, "Capital Controls" On Bitcoin

http://www.zerohedge.com/news/2016-11-03/china-prepares-impose-curbs-capital-controls-bitcoin

[Afrikoin]

[Afrikoin]

Bitcoin Gears up to break the all time high

https://bitcoinaverage.com/blog/bitcoin-gears-up-to-break-the-all-time-high

[Afrikoin]

For good measure. Bear case, more down

[Afrikoin]

[Afrikoin]

Glad to see you bullish.

I fear a bearish chart from you

bad timing on that one eh,

This downside move was an impulse and it's broken some important levels. big time sideways should follow, downside risk is higher now

[RAJSALLIN]

Nice thread. Will follow

[molecular]

Nice thread. Will follow

Me too. Got linked here from lucifs thread.

I entertain the supply shock theory mentioned 2 or 3 posts above myself: it really makes a lot of sense (although the question of timing remains to be answered).
In the silk-road case another factor was surely also in play: a lot of people had been on the sidelines because of bitcoins blackmarket reputation, which was subjectively anihilated by the SR bust. This resulted in a demand increase. The supply-shock of  all those coins gone "temporarily inaccessible" sure played a role, but it's much less powerfull than a halfing.

EDIT: sorry to "pollute" this thread with discussion of fundementals. Seems more technical-based and more about "charts", which I love, btw.

[Afrikoin]

[Afrikoin]

To choke black money, Modi withdraws old notes, to introduce new Rs 500, Rs 2k notes

http://www.deccanchronicle.com/nation/current-affairs/081116/rs-500-rs-1000-notes-be-illegal-from-midnight-today-narendra-modi.html

[Afrikoin]

[notme]

You've been Trumped.

[Afrikoin]

[img]http://i.i

You've been Trumped.

Lol! not me. Hilary got trumped

[Afrikoin]

Make Bitcoin great again!

Will #bitcoin rise above $1000 again? #bitcoinprice #PresidentTrump

[Afrikoin]

[Chef Ramsay]

^Is that supposed to be some Illuminati shit or what?