Nights Watch by Afrikoin

[wpalczynski]

I think you guys are way to pessimistic.

[Afrikoin]

I think you guys are way to pessimistic.

+1

someone has to be

plus its good for balance

[Gillette]

I think you guys are way to pessimistic.

Yup, I think 720 may be the bottom not below.

[wpalczynski]

Judging by how incredibly insane the rise in BTC hashrate has been I feel a very violent and massive move upwards is imminent.

Look at the chart: https://blockchain.info/charts/hash-rate

[kehtolo]

That's crazy.. 9 years to get to 2.5 PH (?) then + ~30% to 3.4 PH in a matter of literally days???

Where the hell did that extra hash power just appear from?

New secret chip in China?

The PBoC?

That increase is crazy. On the all time chart it's gone parabolic!

[wpalczynski]

That's crazy.. 9 years to get to 2.5 PH (?) then + ~30% to 3.4 PH in a matter of literally days???

Where the hell did that extra hash power just appear from?

New secret chip in China?

The PBoC?

That increase is crazy. On the all time chart it's gone parabolic!

So will the price, its been a long time coming.

[Afrikoin]

The Price of Bitcoin is Recovering

I wrote this on January 23 when price was $919

Bitcoin Price Analysis Jan 24th

https://www.deepdotweb.com/2017/01/24/bitcoin-price-analysis-jan-24/

[molecular]

https://www.deepdotweb.com/2017/01/24/bitcoin-price-analysis-jan-24/

thanks for linking it here. I enjoy reading your commentary.

[rjclarke2000]

https://www.deepdotweb.com/2017/01/24/bitcoin-price-analysis-jan-24/

thanks for linking it here. I enjoy reading your commentary.

I can second that comment. Thanks for your hard work.

[afbitcoins]

https://www.deepdotweb.com/2017/01/24/bitcoin-price-analysis-jan-24/

thanks for linking it here. I enjoy reading your commentary.

I can second that comment. Thanks for your hard work.

Thats quite a bullish post from you Afrikoin! Do you have a target for a top?

[Okurkabinladin]

Afbitcoins,

he mentioned in the article that retesting 1000 USD/BTC is in the play.  That doesnt mean, that we wont retest 750 USD/BTC in the near future, if I understood correctly. Yeah, it is quite bullish.

When (and if) we succesfully retest last low at 750 USD/BTC (Finex), then we have strong signal that new all time high is around the corner. Perhaps summer.

[Okurkabinladin]

Just stopping bye to say thanks, Afrikoin. You were right again, man. Others wish, theyd have your track record at analysing market situation.

Thank you.

[Afrikoin]

Hi good bitcoin people!

ive been offline for a while, busy and my offline life is a mess right now. I plan to be back soon

Meanwhile, i see price went up to $1035

Could someone share a chart or TA or forecast or something on whats coming next?

RyinDeclim?

Koryu?

Afbitcoins?

moleculare?

eboard?

[Afrikoin]

Lol! Masterluc says back down to $700 after a confirmed top

I think if we go down to $700, we might as well dip down to $600. Last time we touched $780 support and bounced back up. If we break $780, flood gates open!

Would you post a link to his Russian thread, please?

https://vk.com/bitcoin_vanga

[Afrikoin]

We need a Russian speaker on this thread.  I look at those translated Russian postings and see discussion at a higher level than bitcointalk.  But half of it is incomprehensible because of the language barrier and the peculiar idiomatic usage.

There is one. To be honest, the chart he posted is self-explanatory.

He says that it's a good idea to exit current mini-buble at 1000. He then expects mid-term turnaround from 1000 towards 700 or, if it manages to reach 1100, towards 900.

[sandiman]

We need a Russian speaker on this thread.  I look at those translated Russian postings and see discussion at a higher level than bitcointalk.  But half of it is incomprehensible because of the language barrier and the peculiar idiomatic usage.

There is one. To be honest, the chart he posted is self-explanatory.

He says that it's a good idea to exit current mini-buble at 1000. He then expects mid-term turnaround from 1000 towards 700 or, if it manages to reach 1100, towards 900.

Huge monthly dogi last month on usd charts ... we need to expect volatility (or a lot of calm, which would hardly be possible before SEC decision on ETF). For the moment dogi being confirmed upward, but way to soon (and little volume) to except it to be final answer.

[Afrikoin]

Hi, could you take a look at this article and tell us what do you think about it in EW terms? Thank you !!

The fractal relationship between bitcoin’s first two bubbles and what they might tell us about a third - Paul Gordon - medium.com

Correct link is https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.lt7a2fcx3

[molecular]

Hi good bitcoin people!
Could someone share a chart or TA or forecast or something on whats coming next?

Welcome back ;-)

not a chart of much value, but this is what I've been looking at since December last year and how I view the market (less the exaggerations)



This very simply view on the market has proven "valid" in the sense that the market returned to it after the new year hype and "crash" (second half of January)

I excpect this trend to be my friend for a while (until some liftoff event occurs, like some kind of resolution regarding scaling problem)

[sandiman]

Hi good bitcoin people!
Could someone share a chart or TA or forecast or something on whats coming next?

Welcome back ;-)

not a chart of much value, but this is what I've been looking at since December last year and how I view the market (less the exaggerations)



This very simply view on the market has proven "valid" in the sense that the market returned to it after the new year hype and "crash" (second half of January)

I excpect this trend to be my friend for a while (until some liftoff event occurs, like some kind of resolution regarding scaling problem)

Trendline are very dangerous already; but drawing them in linear scale ... Could you share the latter with us in log ?

Moreover, regarding your scaling resolution being defined as a liftoff event, this kind of event has got every reason to be priced in before it occurs, hence I don't see in that critical. Nonetheless, a SEC approval and inflow of billions of institutional money is what I call a liftoff event.

[Afrikoin]

Lol!

That China PBOC spook was a dime!

I imagine people are saying price is going down because of China, yet, price was always going to go down. It was just a matter of time.

I believe this is the beginning of a trend down to $780, $700, $650, $514, $465.

$700 first then reassess

Two of China's Biggest Exchanges Stop Bitcoin Withdrawals

http://www.coindesk.com/two-chinas-biggest-exchanges-stop-bitcoin-withdrawals/