Nights Watch by Afrikoin

[wpalczynski]

I think the fact that many people are sitting and waiting for this dip we are all waiting for may some of the reason it doesn't seem to be happening.
 
As time goes one, more and more give up waiting and start buying in, which seems to be holding the price up.  If the price starts rising significantly,FOMO may take over and many of those people with CASH on the exchanges waiting for the dip may start buying creating a decent pump.



 

Im starting to suspect that the majority of the bitcoin buying keeping the price up is traders getting into ALTs.

Do you think, it is possible we will hit 1200 before retesting lows? Back in 2013 we also kind of moved between 80 and 130 for many months. People at time even suggested that 1000 will never be reached or that lowest low stands at 30 dollars per bitcoin.

My gut feeling is if it continues to move up 1120 area will be the top before a retrace to coincide with Afrikoins prediction.  It seems to me that many people continue to underestimate the potential for ALTs to permanently capture a large chunk of the market.  Some really nasty problems have bubbled up to the surface as far as bitcoin is concerned.  All the politicking recently has left me with a feeling that BTC is not as anti-fragile as I've felt over the last 3+ years.

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[Okurkabinladin]

If we do not revisit $800-$750

I will retrieve to my cave

I will stop posting on this cave

And go back to email/ryver/slack


If I am right,  that we will revisit $8..-$750 soon,  y'all going to have subscribing to my service


Putting my money where my mouth is.

I'm leaving this thread until we hit $800s

Want to get in touch?

Reach me via email

Bitcoinmarketanalyst@gmail.com


My last post

Bye guys

Don't leave Afrikoin, this is one of the threads I look forward to whether the price goes up or down no matter if you're right or wrong 

He might be just overworked. Betting large sums of money and being completely honest and public about it is no doubt quite taxing on ones nerves.

For all his service, I wish Afrikakoin nice vacation in his favourite destination. He deserves it and more.

[Dafar]

If we do not revisit $800-$750

I will retrieve to my cave

I will stop posting on this cave

And go back to email/ryver/slack


If I am right,  that we will revisit $8..-$750 soon,  y'all going to have subscribing to my service


Putting my money where my mouth is.

I'm leaving this thread until we hit $800s

Want to get in touch?

Reach me via email

Bitcoinmarketanalyst@gmail.com


My last post

Bye guys

Afrikon, come back! Even if you're wrong about $800s I still value your input

[Ted E. Bare]

Im starting to suspect that the majority of the bitcoin buying keeping the price up is traders getting into ALTs.

Lol. Get out of here with your uninspired bitcoin FUD. The opposite is happening.

[Okurkabinladin]

Im starting to suspect that the majority of the bitcoin buying keeping the price up is traders getting into ALTs.

Lol. Get out of here with your uninspired bitcoin FUD. The opposite is happening.

Now, or do all the forum members have memory of puppy dog? We are growing at decreasing volume and there is currently resistance at around 1200.

We have seen multiple, dozens even, examples of prices losing up to 30% of value before rebouncing. Back in summer of 2013 even rapid rise to 140 and then months long descent towards 70.

I would expect more rational perspective from seasoned member like you, Ted.

Unless we break 1250, 800 is in the play.

[Mallyx]

I think the fact that many people are sitting and waiting for this dip we are all waiting for may some of the reason it doesn't seem to be happening.
 
As time goes one, more and more give up waiting and start buying in, which seems to be holding the price up.  If the price starts rising significantly,FOMO may take over and many of those people with CASH on the exchanges waiting for the dip may start buying creating a decent pump.



 

Im starting to suspect that the majority of the bitcoin buying keeping the price up is traders getting into ALTs.

I think likes you that a lot of peoples are buying BTC only to speculate on the altcoin market. But the goal for most of traders remain the same: getting more BTC.
It's a kind of new world for most of us because it's hard to trade on stock markets (often costly, unreachable, with closing hours). Cryptocurrencies never stops and it only take minutes to start trading.

I believe we broke some resistance lines that will push the price between 1200-1300USD for a double top, then we will test the low support which should be between 800-900USD according to fibo.

[CoinBurner]

I think the fact that many people are sitting and waiting for this dip we are all waiting for may some of the reason it doesn't seem to be happening.
 
As time goes one, more and more give up waiting and start buying in, which seems to be holding the price up.  If the price starts rising significantly,FOMO may take over and many of those people with CASH on the exchanges waiting for the dip may start buying creating a decent pump.



 

Im starting to suspect that the majority of the bitcoin buying keeping the price up is traders getting into ALTs.

Do you think, it is possible we will hit 1200 before retesting lows? Back in 2013 we also kind of moved between 80 and 130 for many months. People at time even suggested that 1000 will never be reached or that lowest low stands at 30 dollars per bitcoin.

My gut feeling is if it continues to move up 1120 area will be the top before a retrace to coincide with Afrikoins prediction.  It seems to me that many people continue to underestimate the potential for ALTs to permanently capture a large chunk of the market.  Some really nasty problems have bubbled up to the surface as far as bitcoin is concerned.  All the politicking recently has left me with a feeling that BTC is not as anti-fragile as I've felt over the last 3+ years.

As someone already noted (Vinny Lingham I believe), bitcoiners and hodlers in particular may very well be anaesthetized by all the shit that BTC has survived in the past (exchange hacks, MtGox scam, thefts, China ingerence, etc) to the point that a large part of them consider it absolutely unbreakable. Trouble is, this time it's not just FUD thrown around to suppress the price but something more fundamental - contentious HF (if it ever happens) has the potential to shatter not only price but the whole confidence in BTC for years if not forever. I have a hard time understanding how anyone could put any considerable amount of money in such a market right now.

[bitebits]

[...] I have a hard time understanding how anyone could put any considerable amount of money in such a market right now.

That is the exact reason money has been put in recently. [Insert Warren Buffett quote]

[york780]

Sad that Africoin has left because he was wrong about a ABC pattern. Still I would like him to come back.

[shannen87]

Sad that Africoin has left because he was wrong about a ABC pattern. Still I would like him to come back.

He hasn't made a mistake. If you see the BTC price has risen dramatically with VERY LOW volume which indicates that it's a bubble. Even Vinny Lingham frequently mentions his charts on his Twitter. Afrikoin has credibility, one you have not!

[Ted E. Bare]

What are you talking about? There is more volume now than there was with the previous rise which took us from 700 to 1300.

[york780]

Sad that Africoin has left because he was wrong about a ABC pattern. Still I would like him to come back.

He hasn't made a mistake. If you see the BTC price has risen dramatically with VERY LOW volume which indicates that it's a bubble. Even Vinny Lingham frequently mentions his charts on his Twitter. Afrikoin has credibility, one you have not!

Shut up troll.

[shannen87]

Sad that Africoin has left because he was wrong about a ABC pattern. Still I would like him to come back.

He hasn't made a mistake. If you see the BTC price has risen dramatically with VERY LOW volume which indicates that it's a bubble. Even Vinny Lingham frequently mentions his charts on his Twitter. Afrikoin has credibility, one you have not!

Shut up troll.

Focus on your own thread and leave this off.

[Afrikoin]

Sad that Africoin has left because he was wrong about a ABC pattern. Still I would like him to come back.

Nuh. No.

My forecasts still in force if you only bothered to look around this thread.

Let me share them again here

[Afrikoin]

Oh, and how quickly people forget.

I made this chart 4 weeks ago. But trolls here are quick to Amnesia.

Luckily i have a database of all my charts.

[Afrikoin]

This one too

from 4 weeks ago

[Afrikoin]

And this one too from 4 weeks ago

[Afrikoin]

This one too from one month ago

[shannen87]

This one too from one month ago

Finally! I am sick of people trying to badmouth other's effort. You have a reputation in here and you don't have to prove yourself. Your charts do the work for you. No matter what, til today you're 100% correct. We thank you for sharing your knowledge with us. And even if you get wrong one day we won't be behind you ready to stab you in the back. You're human after all.

[Afrikoin]

Joke is on you trolls!

My forecasts have not changed.

And y'all who think we going back to $1300 are in for a rude shock.

But, what the hell, this is Bitcoin land

and folks are delusional to the point of ignoring reality

I am Bitcoin bullish long term

But I am not about to hold on to coins when price is clearly going down lower.

Anyway, free to chose.