Nights Watch by Afrikoin

[rjclarke2000]

hey guys

i summarize my weekly thoughts from this thread at deep dot web

here is this week

Beijing Now Controls the Price of Bitcoin

Bitcoin Price Analysis January 16, 2016

https://www.deepdotweb.com/2017/01/16/bitcoin-price-analysis-january-16-2016/

Great post. Good info Afrikoin

[molecular]

https://www.deepdotweb.com/2017/01/16/bitcoin-price-analysis-january-16-2016/

good writeup!

from article:

So we should continue the already- strong uptrend from back before the excitement and dump, after the market has fully digested the turmoil.

I think I heard that before Ah, here:

So we should continue the already-strong uptrend from before (after the market has fully digested the turmoil)

Feel free to use my language for your articles, no objections at all.

[yonton]

Hahaaha!

[rjclarke2000]

https://www.deepdotweb.com/2017/01/16/bitcoin-price-analysis-january-16-2016/

good writeup!

from article:

So we should continue the already- strong uptrend from back before the excitement and dump, after the market has fully digested the turmoil.

I think I heard that before Ah, here:

So we should continue the already-strong uptrend from before (after the market has fully digested the turmoil)

Feel free to use my language for your articles, no objections at all.

That is some serious detective skills!!

[molecular]

That is some serious detective skills!!

Not really . When I read that sentence I knew I had written something very similar recently, so I used "ctrl-f" on the thread

Anyway, it's good to see the thoughts from this thread (they are still Afrikoins thoughts) distilled into a nice article like that.

Keep it going, Afrikoin!

[Afrikoin]

https://www.deepdotweb.com/2017/01/16/bitcoin-price-analysis-january-16-2016/

good writeup!

from article:

So we should continue the already- strong uptrend from back before the excitement and dump, after the market has fully digested the turmoil.

I think I heard that before Ah, here:

So we should continue the already-strong uptrend from before (after the market has fully digested the turmoil)

Feel free to use my language for your articles, no objections at all.

That is some serious detective skills!!

That is some serious detective skills!!

Not really . When I read that sentence I knew I had written something very similar recently, so I used "ctrl-f" on the thread

Anyway, it's good to see the thoughts from this thread (they are still Afrikoins thoughts) distilled into a nice article like that.

Keep it going, Afrikoin!

Ha ha. Good find

Yes, sometimes i will pick some qreat market quotes from here and use them verbatim for my weekly analysis. Hope you all do not mind.

If you do, let me know and i will add your pseudo-names next to your quotes

[bitebits]

You should, and you know it.

[molecular]

You should, and you know it.

You mean morally or legally?

I consider what I write here to be "public domain".

[neo1947]

Hello Masters
l must confess that l ve been thrilled with your knowledge regarding TA (EW),l m not new to crypto(investing since early 2013) but new to trading and very interested in EW would you masters recommend me any book or site to follow?
Thanks in advance

[bitebits]

You should, and you know it.

You mean morally or legally?

I consider what I write here to be "public domain".

Morally of course. If you like what someone writes, then why wouldn't you mention the source (and instead pretend it was you)?

Anyway, thanks for the analysis Afrikoin.

[Afrikoin]

You should, and you know it.

You mean morally or legally?

I consider what I write here to be "public domain".

Morally of course. If you like what someone writes, then why wouldn't you mention the source (and instead pretend it was you)?

Anyway, thanks for the analysis Afrikoin.

You are right. Of course.

[Afrikoin]

Market Update: China Runs The Show

https://www.youtube.com/watch?v=Ifuur_Yjj2U

[Afrikoin]

Want to understand Bitcoin better?

 epic list of educational resources:

https://sites.google.com/site/bitcoinsig/resources …

[koryu]

Updated my chart

I think we will form a ascending triangle consolidation (alternation from last correction simple ABC) and then breakout the longterm cup and handle pattern

Short term Resistance should be the old ATH and support the lower channel line, forming the ascending triangle.
Careful below the channel.



https://www.tradingview.com/chart/BTCCNY/wQZcWrMa-Bitcoin-consolidation-phase-within-channel/

[Afrikoin]

Updated my chart

I think we will form a ascending triangle consolidation (alternation from last correction simple ABC) and then breakout the longterm cup and handle pattern

Short term Resistance should be the old ATH and support the lower channel line, forming the ascending triangle.
Careful below the channel.



https://www.tradingview.com/chart/BTCCNY/wQZcWrMa-Bitcoin-consolidation-phase-within-channel/

Thank you rofr this Koryu

In your opinion, what would be the *worst* case scenario?

[Afrikoin]

From masterlucs Russian thread using google translate

https://m.vk.com/bitcoin_vanga


"This time the pain and it is unlikely in the shortest possible time is expected to continue the feast. Those who did not sell - you'd expect the bottom and a rebound of 62%. More than confident that the level of about 1000 price soon overtake, but further - alas. Rebound is expected to be one of the following below Fibo levels. Of course 524 is highly unlikely, but those higher - quite.

And then we will be long and hard to draw a counter-trend channel (handle). It takes six months to a year.

This Buble something that does not happen that happened in the past and it was my anchor.
1. Before draining noticeably did not shoot light. Usually, it was and it meant the end for a few days.
2. Before any discharge has not been expressed triangle. It is not something that normally - he was always in the 4th wave at him, I was guided in counts as a surveyor on the device.

In general, I am now blind, as this is the Wang. These anchors are used to work as a clock and brought me a lot of money. It's a pity. We seek the following."

I guess I still need that translating. What the hell does that all mean?

Summarizing my translation of that translation here...

a) He's still confident that 1000 will soon be taken, expecting a rebound on one of the fibo levels (not expecting $524, but need to go lower)
b) It will take 6 months to a year to draw a counter trend channel which acts as a handle for the cup
c) ML's observation is that this bubble is acting different compared to past ones
-- before the dump it didn't have as much fomo as expected
-- in the past bubbles, there were no triangles before dumps. its uncommon, it was always a 4th wave though. he used this indicator to determine the top
d) he has no idea what is going on since his indicators he used previously (to determine that this was a bubble) used to bring him a lot of money, and now they don't

Edit: would've been nice if the link to the chart was given too, so here it is. https://www.tradingview.com/x/eWjUoUfC/

What does it mean when the Jedi can no longer see?

Can it be true?  Has Jedi Luc lost the force??

[Afrikoin]

So according to the prophet we will go up higher than 1 000$, and then we will go down between 755$ and 524$, and then break higher, and the whole process will take between 6 months and 1 year?

Holy shit. 1 more year of consolidation. This consolidation stuff never ends. I want a bubble please. A fucking bubble. Is it too much to ask that?

[Afrikoin]

If it fails like $300 failed in nov '15, or how $500 failed in aug '16, then I'm good to go.

$780 looks like strong support, the crazy panic selling didn't manage to take it down even though price went below it shortly.

There could be another attack on it and I'm not sure it would hold on second attack. A lot of people are close to panicking as is. Not everybody bought in 2012 or earlier, so that's a difference to the 2013 rallyes were noone had bought at those prices. Above $1200 things would look differently... but we're still in known territory where a lot has been going on already.

i too think it would not hold on a second attack.

If we go down to retest it at some point in the near future, it will break and next stop will be $540

than $465

[Okurkabinladin]

Afrikoin,

do you think it is likely, that we will spent next several weeks in roughly triangular fashion before the market decides to either retest ATH or visit sub-700?

Past consolidation moves would argue for it. After partial recovery, there was alway "calm before storm" running from days to weeks at a time. Personally, I dont think consolidation will last till summer.

Thank you in advance.

[Afrikoin]

Afrikoin,

do you think it is likely, that we will spent next several weeks in roughly triangular fashion before the market decides to either retest ATH or visit sub-700?

Past consolidation moves would argue for it. After partial recovery, there was alway "calm before storm" running from days to weeks at a time. Personally, I dont think consolidation will last till summer.

Thank you in advance.

i think whatever top we hit on this rise, we will have to go down to retest $465 - i think is the $514 level masterluc mentioned in his thread