Nights Watch by Afrikoin

[rjclarke2000]

Looks like a deep a b c correction dump coming up.

A larger fractal a - b - c.

Similar to the one at $920 that abc'd to $858

Thinking out loud here

Sorry, but what does that mean exactly? Short term Downtrend coming up?

[Denker]

Looks like a deep a b c correction dump coming up.

A larger fractal a - b - c.

Similar to the one at $920 that abc'd to $858

Thinking out loud here

Sorry, but what does that mean exactly? Short term Downtrend coming up?

Yes I guess this is what Afrikoin is talking about.
Hopefully it will just be short termed!
But this correction was overdue imo.As long as we can keep up the bull trend everything is fine.

[Afrikoin]

Looks like a deep a b c correction dump coming up.

A larger fractal a - b - c.

Similar to the one at $920 that abc'd to $858

Thinking out loud here

Sorry, but what does that mean exactly? Short term Downtrend coming up?

Yes I guess this is what Afrikoin is talking about.
Hopefully it will just be short termed!
But this correction was overdue imo.As long as we can keep up the bull trend everything is fine.

Correct Denker

I was referring to your abc correction (above - snipped)

I see this top will have a larger fractal a b c correction to mid 800s, but only after the B that goes up past the prior high, perhaps as high as $1100

here is an illustration of what i mean.

PS: I could be wrong

[Afrikoin]

Perhaps the 38.2% fib is a reasonable level for the end of C.

Then a final 5th wave on the higher fractal upto $1100 again?

Wild guess here

[Afrikoin]

On

Bitcoin 2017 : A Currency Devaluation Hedge for Emerging Markets

https://vinnylingham.com/bitcoin-2017-a-currency-devaluation-hedge-for-emerging-markets-849931d71f6f#.23yriqxjy

Vinny Lingham says


"We will most likely find a potentially short period of consolidation around low $900's, before we start testing the 4 digit barrier, potentially with one or two mini spikes to the mid $900's and then a sell off back into the upper $800's/low $900's as the market finds its feet after skipping a beat through the $800's. There is also the year end impact of profit taking around December 31, but I don’t expect it to be outside these ranges."

[Afrikoin]

Also see this chart by Satoshi Moku

@CarpeNoctom  on twitter

Josh Olszewicz on Youtube

He does the videos on YT https://www.youtube.com/user/carpenoctom

Anyway, chart

[rjclarke2000]

thanks for clearing this up.

[sandiman]

On

Bitcoin 2017 : A Currency Devaluation Hedge for Emerging Markets

https://vinnylingham.com/bitcoin-2017-a-currency-devaluation-hedge-for-emerging-markets-849931d71f6f#.23yriqxjy

Vinny Lingham says


"We will most likely find a potentially short period of consolidation around low $900's, before we start testing the 4 digit barrier, potentially with one or two mini spikes to the mid $900's and then a sell off back into the upper $800's/low $900's as the market finds its feet after skipping a beat through the $800's. There is also the year end impact of profit taking around December 31, but I don’t expect it to be outside these ranges."

That guys is one of the few that actually make a positive contribution with his speculation posts. and this is really high quality.

[Afrikoin]

What a year!

[Afrikoin]

Is it against the rules on this forum to track ETH charts? 

[Afrikoin]

I think people need to get real

There is no way a pattern would repeat itself 2wice.

These two pattern cannot be the same

If one is a wave 3 the other is a wave 5

This current pattern might play out *differently* to catch fools offside

[RyNinDaCleM]

I think people need to get real

There is no way a pattern would repeat itself 2wice.

These two pattern cannot be the same

If one is a wave 3 the other is a wave 5

This current pattern might play out *differently* to catch fools offside

I love linear charts for the hype machine

[slap]

What do I know...
On stamps 30 min chart it looks like a wedge/triangle closing, volume is decreasing accordingly.
Again, what do I know...

[Afrikoin]

[Afrikoin]

[Afrikoin]

I think people need to get real

There is no way a pattern would repeat itself 2wice.

These two pattern cannot be the same

If one is a wave 3 the other is a wave 5

This current pattern might play out *differently* to catch fools offside

I love linear charts for the hype machine

Hi RyNinDaCleM,

Thanks for your continued posts and thoughts here.

Thanks for the virtual trading simulator too

Question:

I want to order 2/3 paper back books from Amazon on Elliott Wave Theory for noobs and novice level guys

What 3 books would you recommend?

Top 3 picks

[Afrikoin]

"In my opinion, being able to visually identify a clear Elliott Wave cycle, coupled with a Fibonacci price range, provides greater clarity as to the most probable future direction of XBT  (up), giving a trader or investor greater confidence in committing capital to this specific sector."

[Afrikoin]

"Caveat: Without getting into too much detail and possibly confusing you (if I haven’t already), it is possible that what I have labeled as point C is in fact the end of a larger A leg (there’s that fractal thing) and is only the first leg down in the correction."

[Afrikoin]

Chart Source: http://blog.afraidtotrade.com/a-weekly-chart-look-at-the-1987-market-crash/

Worth a read

[Morecoin Freeman]

Afrikoin, I just sent you 0.02017 bitcoin at 1P1jyUGjQpnZ5daExhvccWPcdZ2AVCviTW.
Thank you for your positive contributions to the speculation forum and have a wonderful 2017.