Nights Watch by Afrikoin

[Afrikoin]

lol JUST when you posted this chart the price drops  .
Keep up the good work africoin!

Thank you!

tips here

1P1jyUGjQpnZ5daExhvccWPcdZ2AVCviTW

[Afrikoin]

Also, bitcoin prices could be set for a shock if the SEC does not approve a bitcoin ETF. Strajnar predicts it is unlikely to pass.

"This is for a few reasons but mainly because no ETF in the US has the issuer also act as custodian and index provider all in one. We assume this application is still viewed as a qualitative risk to investors by the SEC (Securities & Exchange Commission)," he said.

"If the ETF is not approved we expect a correction and consolidation period but growing adoption and the deflationary supply of bitcoin suggests a continued uptrend in the medium term."


Source: http://www.cnbc.com/2017/03/03/bitcoin-price-rises-higher-than-gold-but-dont-read-too-much-into-it.html

Bitcoin price rises higher than gold, but don’t read too much into it

[Okurkabinladin]

First, thanks for good advice.

I wonder however, what kind of influence on price can full resuming of bitcoin withdrawals on chinese exchanges have. It might be just around the corner.

Will there be mass sells sending exchanges into temporary shock or will it actually strenghten confidence in current rates that we have?

[Kramerc]

Lots of bearish wishful thinking for a bubble-like environment. Good luck getting your coins back cheaper, I guess.

[Okurkabinladin]

Lots of bearish wishful thinking for a bubble-like environment. Good luck getting your coins back cheaper, I guess.

Not sure, where is value in your post, but I will respond anyway.

This thread is not bearish at all. Quite the opposite, try to read more carefully. Members are simply looking at depth and length of upcoming correction, that will support long term growth. Being bearish is something completely different, Mr. Investor.

[Afrikoin]

Lots of bearish wishful thinking for a bubble-like environment. Good luck getting your coins back cheaper, I guess.

Not sure, where is value in your post, but I will respond anyway.

This thread is not bearish at all. Quite the opposite, try to read more carefully. Members are simply looking at depth and length of upcoming correction, that will support long term growth. Being bearish is something completely different, Mr. Investor.

true.

couldnt have put it better

[elasticband]

Nice call!

[Tzupy]

Head and shoulders pattern on the 4 hour chart

This is actually the beginning of an a-b-c correction on the 2h - 6h chart

after our EW wave 5 top on the 2h - 6h chart

This one has taken the form of a head and shoulders

Now what is important here is that because the nature of EW is fractals, the same fractal going on on the weekly and 3 day charts ie a wave final wave 5, will also correct in an A-B-C fashion!

Question is, what shape or form will it take?

Doesn't look like 4h chart to me, more like 5 min chart...
IMO the right shoulder will take several days to be painted.

[slap]

I like this one, any thoughts?

1225 then 1475

source&credits: https://mobile.twitter.com/cryptopicasso

pic to large: http://prnt.sc/efyk09

[Afrikoin]

First, thanks for good advice.

I wonder however, what kind of influence on price can full resuming of bitcoin withdrawals on chinese exchanges have. It might be just around the corner.

Will there be mass sells sending exchanges into temporary shock or will it actually strenghten confidence in current rates that we have?

source?

when was this said will happen?

[Afrikoin]

China buying up gold and miners worldwide, getting ready to dump the dollar for yuan denom'd global trade. $'s time is running out. Gold

https://twitter.com/GlobalProTrader/status/838064285418983426

[Afrikoin]

$1300 - $1400 is my vote. I see resistance within the $1500 mark.
Havent done much research about the ETF thing but I think enlisting bitcoin to that would be a deal but not a great one.
It is just for people's knowledge that it does exist but within ETF I see not much can be done for the better value.

you are not alone. and it really isn't that important to know what ETF is at this point if you ask me. the news about it is getting exagerated and turning into a hype and if it fails then it will be a big FUD by that time.
and in my opinion that is all you need to know about ETF, that people are giving it too much thought and every time this happens their actions are affected by this.

[Okurkabinladin]

First, thanks for good advice.

I wonder however, what kind of influence on price can full resuming of bitcoin withdrawals on chinese exchanges have. It might be just around the corner.

Will there be mass sells sending exchanges into temporary shock or will it actually strenghten confidence in current rates that we have?

source?

when was this said will happen?

Well informed rumors.

https://cointelegraph.com/news/bitcoin-exchange-bter-resumes-withdrawals-good-start-for-china

BtcChina is also supposed to return to processing withdrawals after march 15th. Okcoin is already serving withdrawal requests from identity verified customers from abroad. It should stop bear-mongering about Chinese being Karpeleses in disguise.

[Afrikoin]

The Origins of the Blocksize Debate

https://www.reddit.com/r/Bitcoin/comments/5xg7f8/the_origins_of_the_blocksize_debate/


Does any one else think the hard fork debate has intensified?
Certainly got louder over the past 6 weeks.

Could we be headed for a hard fork in the days to come?

[Afrikoin]

First, thanks for good advice.

I wonder however, what kind of influence on price can full resuming of bitcoin withdrawals on chinese exchanges have. It might be just around the corner.

Will there be mass sells sending exchanges into temporary shock or will it actually strenghten confidence in current rates that we have?

source?

when was this said will happen?

Well informed rumors.

https://cointelegraph.com/news/bitcoin-exchange-bter-resumes-withdrawals-good-start-for-china

BtcChina is also supposed to return to processing withdrawals after march 15th. Okcoin is already serving withdrawal requests from identity verified customers from abroad. It should stop bear-mongering about Chinese being Karpeleses in disguise.

interesting.

could make a great excuse of a dump post ETF decline.

Intensify any sell offs.

[Afrikoin]

alternative Elliott wave count by master luc

https://vk.com/bitcoin_vanga?z=photo-130254204_456239103%2Falbum-130254204_00%2Frev

[Kramerc]

Lots of bearish wishful thinking for a bubble-like environment. Good luck getting your coins back cheaper, I guess.

Not sure, where is value in your post, but I will respond anyway.

This thread is not bearish at all. Quite the opposite, try to read more carefully. Members are simply looking at depth and length of upcoming correction, that will support long term growth. Being bearish is something completely different, Mr. Investor.

I never said the thread was bearish, just that Afrikoin is looking to buy cheaper.

I'm reading as carefully as I can, but I just can't seem to give any other meaning to the last few posts than a nicely disguised subjective bearishness. I have no problems with one being bearish, but I do have one with trying to influence readers because of an already assumed position, which is what is coming across, at least from this side of the screen.

For example

Does any one else think the hard fork debate has intensified?
Certainly got louder over the past 6 weeks.

Could we be headed for a hard fork in the days to come?

has the implied message that a potential HF could negatively affect the price, even though there is no real risk of a HF for now.

Disregarding all this useless FUD, strictly from a technical point of view, a correction could come any time. If such is the case, I'd expect it to not go down below the $1091 low, which is the last higher low before the ATH (daily, Bitstamp prices). At the same time, and with bigger probability in my opinion, the rally will just keep going on, with a great chance of acceleration. We are, after all, in bitcoin bubble mode - above weekly bollinger bands, above weekly RSI 70, above daily RSI 70.

[BitcoinNewsMagazine]

There are multiple overlapping Fibonacci resistance levels at $1026 on Bitstamp. That would be a $272 drop from the present ATH of $1298 which would not be unusual for a bitcoin bad day. The news would have to be bad enough to drop the price through heavy resistance at $1140 - $1163. Have to wait and see if the ETF is denied and what affect that has.

[Afrikoin]

Lots of bearish wishful thinking for a bubble-like environment. Good luck getting your coins back cheaper, I guess.

Not sure, where is value in your post, but I will respond anyway.

This thread is not bearish at all. Quite the opposite, try to read more carefully. Members are simply looking at depth and length of upcoming correction, that will support long term growth. Being bearish is something completely different, Mr. Investor.

I never said the thread was bearish, just that Afrikoin is looking to buy cheaper.

I'm reading as carefully as I can, but I just can't seem to give any other meaning to the last few posts than a nicely disguised subjective bearishness. I have no problems with one being bearish, but I do have one with trying to influence readers because of an already assumed position, which is what is coming across, at least from this side of the screen.

For example

Does any one else think the hard fork debate has intensified?
Certainly got louder over the past 6 weeks.

Could we be headed for a hard fork in the days to come?

has the implied message that a potential HF could negatively affect the price, even though there is no real risk of a HF for now.

Disregarding all this useless FUD, strictly from a technical point of view, a correction could come any time. If such is the case, I'd expect it to not go down below the $1091 low, which is the last higher low before the ATH (daily, Bitstamp prices). At the same time, and with bigger probability in my opinion, the rally will just keep going on, with a great chance of acceleration. We are, after all, in bitcoin bubble mode - above weekly bollinger bands, above weekly RSI 70, above daily RSI 70.

i do have a bearish bias.

Just like you do (have a bullish bias).

Master luc is bullish.

But i try keep a calm head. why i post both bullish and bearish charts , with a tinge of my opinion (bearish).

I am keeping an eye on the hard fork as a potential high risk event.

I see nothing wrong in holding 2 opinions at the same time. If you look at bit - sim trade simulator, i am currently holding BTC. Because the charts say we are still going up some more.

But i am also expecting a correction. And that comes out as my bias.

Nothing wrong with this.


Generally, i am looking for contrarian thoughts, because it easy to find mainstream charts. Right now, bearish charts are a rarity, bullish charts in plenty.

The comment above on a hard fork was meant to elicit a response from someone/anyone who might have an opinion on a hard fork as a market risk. I have read and heard all the for Segwit arguments. They are mainstream and can be found everywhere. For balance, i need to see the other side of the coin.

On a side note,

I am kinda getting fed up of having to defend myself on my thread.

[Afrikoin]

This is my BEARISH expectation, after a top (bullish?)