Nights Watch by Afrikoin

[Afrikoin]

Gold and Bitcoin chart

[JimboToronto]

Gold and Bitcoin chart

This is why I consider gold ounce parity to be the real ATH.

[Afrikoin]

[Afrikoin]

Joel article

Bitcoin Price Analysis: New Highs Are Nigh

https://bitcoinmagazine.com/articles/bitcoin-price-analysis-new-highs-are-nigh2/

[Afrikoin]

Bloomberg analyst Eric Balchunas discusses the odds of a Bitcoin Trust ETF. Will it Win Approval? #Podcast

https://assets.bwbx.io/av/users/iqjWHBFdfxIU/vVZ9tR.KEoso/v2.mp3

says 33% chance, recent hacks are bad

[Afrikoin]

The largest contract holder at OKCoin has been continuously reducing his/her position during the last week, now at a new low of 19k btc.

source: https://twitter.com/CryptoEye111/status/834401245137870849

[jofus]

The largest contract holder at OKCoin has been continuously reducing his/her position during the last week, now at a new low of 19k btc.

source: https://twitter.com/CryptoEye111/status/834401245137870849

Do they know something we don't?  Just hitting previously decided exit targets? 

Is there any chance this is something other than bad news?  At least we know they have 20K less BTC to dump on the market all at once right?

[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/

So $711 is the next level to hold?

I refuse to provide trading advice, sorry. I was merely providing a summary of what I understood from the borked translation.

[Afrikoin]

My market summary of my thoughts this week

Bitcoin price analysis February 23, 2017

https://www.deepdotweb.com/2017/02/23/bitcoin-price-analysis-february-23-2017/

[Afrikoin]

1D $BLX ichi cloud

#KijunBounce #CClamp

[Afrikoin]

1D $BLX ichi cloud

#KijunBounce #CClamp

what he is really expecting here is a wave 4 on the 2 hour - 6h chart. It could go down to $900 he says with this TA style, ichimoku cloud.

But i disagree.

I agree it will go down in EWs wave 4 on the fractal, but only as low as $1045 (*not below $1000). B/c It has to respect the top of wave 1.

My point is all great TA looks at stuff differently, and comes to roughly similar conclusions, off by a mark. THere is GREAT, IMMENSE value in applying different techniques to come up with forecastts, targets and most of all, CONFIDENCE!

Now, I am looking at this wave 4/ or Kijun retrace, as part of an ending diagonal wave 5. So we do an ABC down from 3 to 4 (not below $1000)

This fractal below is on the 3d- 1W.

This is ONE form the 5 could take.

It could also spike and go on to form a Head of a H&S pattern that still goes down.

Basically we are watching a form shape up. And boy is it exciting to watch EW at work! WoW!

[darlidada]

@afrikcoin: on deep2web you said you expected 700$ and now you don't even expect less than 1K?

[Afrikoin]

@afrikcoin: on deep2web you said you expected 700$ and now you don't even expect less than 1K?

2 charts

2hour - 6hour chart

And 3d - 1w chart.

diffferent time frames.

[Afrikoin]

Nej Kodric Bitstamp CEO indicator. Bout to break ALL time high

[Afrikoin]

@afrikcoin: on deep2web you said you expected 700$ and now you don't even expect less than 1K?

2 charts

2hour - 6hour chart

And 3d - 1w chart.

diffferent time frames.

2 hour 6 hour



3day 1 week

[Afrikoin]

@afrikcoin: on deep2web you said you expected 700$ and now you don't even expect less than 1K?

2 charts

2hour - 6hour chart

And 3d - 1w chart.

diffferent time frames.

2 hour 6 hour



3day 1 week

[Afrikoin]

@afrikcoin: on deep2web you said you expected 700$ and now you don't even expect less than 1K?

2 charts

2hour - 6hour chart

And 3d - 1w chart.

diffferent time frames.

2 hour 6 hour



3day 1 week

[darlidada]

@afrikcoin: on deep2web you said you expected 700$ and now you don't even expect less than 1K?

2 charts

2hour - 6hour chart

And 3d - 1w chart.

diffferent time frames.

Do you mean there is 2 different possible scenarios? or do you mean that on a long run we'll retest 700ish and on the short term we wont go lower than 1000$? and thanks again for your work, you're one of the reason i still come to this forum:)

[Afrikoin]

@afrikcoin: on deep2web you said you expected 700$ and now you don't even expect less than 1K?

2 charts

2hour - 6hour chart

And 3d - 1w chart.

diffferent time frames.

Do you mean there is 2 different possible scenarios? or do you mean that on a long run we'll retest 700ish and on the short term we wont go lower than 1000$? and thanks again for your work, you're one of the reason i still come to this forum:)

I am saying this.

In the medium term, we are likely to go down to $700. After a top is hit. This top could be formed out of

a) a head and shoulder
b) a rising ending diagonal wave 5
c) a double top (truncated 5th wave)
d) a flat triple top.

In the event of

a) we break the ATH and go up to a high, a top. Then a correction down, then a right shoulder up, then down to $700

Here it is

b) we break the all time high, form a new high, then retrace 3 waves down to $1000 -$1050, then back up again past the all time high to another high marked (5 or C) on the chart below

Here

Now, the reason i say this is because, if you go down to the lower time frame 2 hour - 6 hour, you can see we are still forming a wave iii, and after that a wave iv retrace. this wave iv is not expected to go below $1000. Then a bounce back up for a wave v.

i am using v instead of 5 to distinguish the fractals on 2 hour and large chart 3 day

i am confident the 2 hour is a iii, iv, v wave unfolding because it is a wave c of a, b, c since $751, after correcting from $1139

see chart here



Finally, if you move up to the 3day and 1 week chart, we can see a larger 5 wave fractal.

$1139 was a wave 3 top, followed by a wave 4 retracement to $754

Here it is



and here is the 5 waves of the C above



Now even here we are forming a wave 5 and is what i am watching to see what form it takes between

a)
b)
c)
d)

Now, we also have information that an ETF decision is expected on or before March 11.

I am expecting it not to be approved.

So i factor it into my analysis and expect the terminal 5 top, before down to precede th ETF announcement, or immediately after

OR another unforseen event

A massive drop down could use a catalyst event.

Thats my current thought

[Afrikoin]