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Author Topic: Nights Watch by Afrikoin  (Read 303280 times)
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Afrikoin (OP)
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December 10, 2016, 09:43:11 AM
 #1361




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Afrikoin (OP)
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December 10, 2016, 09:43:38 AM
 #1362




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Afrikoin (OP)
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December 11, 2016, 04:10:46 PM
 #1363

Lol!

Traders asking, what is going on?  Grin Grin Grin Grin

Me too. Kinda feeling unsure what the market will do next. Just next 2 months, but not next week.

Ready for bearish drop though to $700? Remember the bearish bullish ascending triangle?

Ha ha, TA is comedy




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December 11, 2016, 04:13:23 PM
 #1364

Short term bear Case 1




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December 11, 2016, 04:14:03 PM
 #1365

Short term bear case 2




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Afrikoin (OP)
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December 11, 2016, 04:29:16 PM
 #1366




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December 11, 2016, 08:17:55 PM
 #1367

Bitcoin will hit $10,000 and even $1 million. Experts predict | Coinpay

https://www.youtube.com/watch?v=fuH8tdQpWrU



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December 11, 2016, 11:48:34 PM
 #1368

we are all bullish on the long-term, better analysis should probably focus on short and medium timeframe where our biais should interfer ...
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December 13, 2016, 12:37:50 PM
 #1369

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

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December 13, 2016, 12:51:22 PM
 #1370

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

Thank you for the TA. maybe if this rising wedge would be validated that would just be a correction in a mid-term bullish trend, which could latter on give rise to the fomo green dildo. but there is just mere speculation, only future will tell.
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December 13, 2016, 01:38:34 PM
 #1371

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here


That's a great summary!




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Afrikoin (OP)
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December 13, 2016, 01:38:49 PM
 #1372




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kehtolo
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December 13, 2016, 02:08:49 PM
 #1373

Ha!

Is bitcoin dead?

No! Look at the chart, it clearly still has a pulse!  Grin

The next 24 hours are critical!
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December 13, 2016, 04:03:04 PM
 #1374

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

How about a following ABC correction, with support at 600$ - 630$?

Sometimes, if it looks too bullish, it's actually bearish
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December 13, 2016, 04:37:44 PM
 #1375

Here is a count that allows the news correlating people to start looking for their next reason
Just figure I would share this possible turning point. However, without that fomo candle, I'm not confident that a longer term top would be in here

How about a following ABC correction, with support at 600$ - 630$?

With the lack of a fomo top, that is the direction I am leaning as well

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December 13, 2016, 08:01:02 PM
 #1376

Why EW analysis is always bearish?
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December 13, 2016, 08:21:09 PM
 #1377

Why EW analysis is always bearish?

HAHA bears gonna bear lololol
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December 13, 2016, 08:26:19 PM
 #1378

Why EW analysis is always bearish?

It's not! That is a bullish impulse and is setting up for a healthy correction before making another bullish move. In this situation, it can be viewed as bearish only because the likely next move is down, but I didn't say Bitcoin ded. Anyway, a completed impulse has some of the best r/r ratio with it and probability is higher to be on the right side of a trade. Plus it's me we're talking about here... I apparently only post bearish charts. Tongue

Why EW analysis is always bearish?

HAHA bears gonna bear lololol

Whatever noob! Come back when you have something of value to contribute

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December 14, 2016, 09:16:36 AM
 #1379

Why EW analysis is always bearish?

It's not! That is a bullish impulse and is setting up for a healthy correction before making another bullish move. In this situation, it can be viewed as bearish only because the likely next move is down, but I didn't say Bitcoin ded. Anyway, a completed impulse has some of the best r/r ratio with it and probability is higher to be on the right side of a trade. Plus it's me we're talking about here... I apparently only post bearish charts. Tongue
If I remember your big picture correctly and understand what you say correctly, you think the most likely scenario from now is down toward 600$, then up again between 850$ and ATH, and then massively down toward 150$?

Are you still in favor of a huge correction once we get somewhere near the ATH? I guess it's the most disturbing part of your analysis for me.
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December 14, 2016, 12:37:00 PM
 #1380

Why EW analysis is always bearish?

It's not! That is a bullish impulse and is setting up for a healthy correction before making another bullish move. In this situation, it can be viewed as bearish only because the likely next move is down, but I didn't say Bitcoin ded. Anyway, a completed impulse has some of the best r/r ratio with it and probability is higher to be on the right side of a trade. Plus it's me we're talking about here... I apparently only post bearish charts. Tongue
If I remember your big picture correctly and understand what you say correctly, you think the most likely scenario from now is down toward 600$, then up again between 850$ and ATH, and then massively down toward 150$?

Are you still in favor of a huge correction once we get somewhere near the ATH? I guess it's the most disturbing part of your analysis for me.


Towards 600, yes, but I think 650 would be as low as it goes for a correction here. So that's not to say that 700 would even be broken for sure, just that a healthy correction is in order.
As far as my longer term outlook of 150 and below, that isn't absolutely necessary, but I still don't believe this is the giant bull market most think it is. IMO, the best case is  to hit somewhere around 2-3k if this is to break the ath with any amount of force to carry well beyond it. In that case, we will not see 150 any time soon if ever again but triple digits would be seen again eventually. All we can do is see how the next 6 months or year plays out to see where this is going.

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