Nights Watch by Afrikoin

[windjc]

I dont agree. People are way to positive right now. 500 000 USD predictions everywhere. 2000 USD next month everywhere. High expectations+ bad fundamentals = ... We both know the awnser.

You are living in a bearish dream. Bull markets - don't pick tops. Bear markets - don't pick bottoms. BTC has lost significant market share while price goes up. That means only one thing - new money - lots of it - is pouring into crypto. Unless you know when that is going to stop, then selling is a fools errand.

[Afrikoin]

Vinny Lingham indicator

thread https://twitter.com/TomReichhart/status/851905605275176961

Notice #InvisibleHand

I am going with Vinny on this one. I think it is crazy to bet against him

For context,

The Power of the Invisible Hand

https://vinnylingham.com/the-power-of-the-invisible-hand-56efaedfb544

AAA ""If I’m right, the market is going to begin to recalculate the price of Bitcoin being traded today as a function of the post split price and effectively punish the price if the current path we are on will result in a split and a dilution of the effects of Metcalfes law. If that happens, I cannot see how the price goes above $875 during the interim period, based upon the numbers presented by Chris. If sentiment diminished along with demand, $337 will probably be the maximum trigger point where miners will start calling uncle and signalling for Segwit.""

BBBBB "Regardless, the logical behavior is if the market believes there is no risk of a fork, the price should be a premium to $875, and as the risk of a fork increases, the price should drop steadily…that’s how I read the tea leaves anyway."

i guess we are all drawing the line. on AAA or BBB.

Agree to disagree. Very crucial moment.

[york780]

I dont agree. People are way to positive right now. 500 000 USD predictions everywhere. 2000 USD next month everywhere. High expectations+ bad fundamentals = ... We both know the awnser.

Those $500,000/BTC predictions are for JOKES.
I will stick with Afrikoin's $800's scenario...

lol $800? Hahah sry. Never going to happen again. Looks like you are out of the game for good. The market never does things that you want to do. Africoin was wrong about $800. You cant expect him to be 100% correct. Every minute every hour, every day you are losing btc because you dont get in. Strategy is simple: sell at tops buy the dip. Never sell the dip because you dont know if it will go up again. When you keep waiting for $800 you have to wait for a long looong time my friend. Traders come and traders go, only hodlers and good traders survive in this market. BTC is unpredictable with exact bottoms and tops. But the main pattern and indicators are clear.

[shannen87]

I dont agree. People are way to positive right now. 500 000 USD predictions everywhere. 2000 USD next month everywhere. High expectations+ bad fundamentals = ... We both know the awnser.

Those $500,000/BTC predictions are for JOKES.
I will stick with Afrikoin's $800's scenario...

lol $800? Hahah sry. Never going to happen again. Looks like you are out of the game for good. The market never does things that you want to do. Africoin was wrong about $800. You cant expect him to be 100% correct. Every minute every hour, every day you are losing btc because you dont get in. Strategy is simple: sell at tops buy the dip. Never sell the dip because you dont know if it will go up again. When you keep waiting for $800 you have to wait for a long looong time my friend. Traders come and traders go, only hodlers and good traders survive in this market. BTC is unpredictable with exact bottoms and tops. But the main pattern and indicators are clear.

Your reputation york780 doesn't make you trustworthy, sorry Stick to your own b-class thread please.

[Afrikoin]

[york780]

I dont agree. People are way to positive right now. 500 000 USD predictions everywhere. 2000 USD next month everywhere. High expectations+ bad fundamentals = ... We both know the awnser.

Those $500,000/BTC predictions are for JOKES.
I will stick with Afrikoin's $800's scenario...

lol $800? Hahah sry. Never going to happen again. Looks like you are out of the game for good. The market never does things that you want to do. Africoin was wrong about $800. You cant expect him to be 100% correct. Every minute every hour, every day you are losing btc because you dont get in. Strategy is simple: sell at tops buy the dip. Never sell the dip because you dont know if it will go up again. When you keep waiting for $800 you have to wait for a long looong time my friend. Traders come and traders go, only hodlers and good traders survive in this market. BTC is unpredictable with exact bottoms and tops. But the main pattern and indicators are clear.

Your reputation york780 doesn't make you trustworthy, sorry Stick to your own b-class thread please.

Fine. You will be left behind just like kwuckduck

[Hyena]

BTC doesn't give a shit about the corrupt core dev team, the price goes higher.

In my life I have personally witnessed 4 bitcoin bubbles. The 4th one is currently gaining momentum. We are nearing the ATH, no signs of weakness. SegWit can go fuck itself obviously, we don't even need it nor LN to get to 10k prices.

[Afrikoin]

thread: Bearish divergence

https://twitter.com/CarpeNoctom/status/851949860798558208

[Afrikoin]

price is again flirting with gold parity,

[Afrikoin]

Bitcoin Price Analysis: UASF Anticipation Pushes Toward New ATHs

https://bitcoinmagazine.com/articles/bitcoin-price-analysis-uasf-anticipation-pushes-toward-new-aths/

[Hyena]

price is again flirting with gold parity,

I hold both. Ideally BTC achieves parity while gold keeps going UP

Bitcoin Price Analysis: UASF Anticipation Pushes Toward New ATHs

https://bitcoinmagazine.com/articles/bitcoin-price-analysis-uasf-anticipation-pushes-toward-new-aths/

Yeah right, what a joke article. So now it's the UASF responsible right? But when the price goes down it's because of Bitcoin Unlimited. Biased to the roots, it sickens me to read such BS.

[Afrikoin]

$BTC big picture. All fib levels hit. Just a little correction required to keep growing with good strength! Let's go to 1800-2000 year end!

https://twitter.com/himanshu_sud/status/852085275849261056

[Miz4r]

Bitcoin Price Analysis: UASF Anticipation Pushes Toward New ATHs

https://bitcoinmagazine.com/articles/bitcoin-price-analysis-uasf-anticipation-pushes-toward-new-aths/

Yeah right, what a joke article. So now it's the UASF responsible right? But when the price goes down it's because of Bitcoin Unlimited. Biased to the roots, it sickens me to read such BS.

Time to wake up and smell the roses. The Bitcoin community wants Segwit and not your stupid BU crap.

[notme]

Bitcoin Price Analysis: UASF Anticipation Pushes Toward New ATHs

https://bitcoinmagazine.com/articles/bitcoin-price-analysis-uasf-anticipation-pushes-toward-new-aths/

Yeah right, what a joke article. So now it's the UASF responsible right? But when the price goes down it's because of Bitcoin Unlimited. Biased to the roots, it sickens me to read such BS.

Time to wake up and smell the roses. The Bitcoin community wants Segwit and not your stupid BU crap.

Let's let it segwit go live on LTC first.  Right now it has never been tested on a network that has actual value.  That should be a minimum requirement before we implement such a major change on the bitcoin network.

[Okurkabinladin]

I can see tons of people, who went long several days ago get severely burned.

There is no such thing as perfect road, even if we are talking about disruptive technology such as bitcoin. Swift pullback to 800 might be end of the world for you, if you are mishandling leverage on internet exchange, but it will only be a minor bump on the road to new heights.

Stay prudent, people.

[Afrikoin]

Why I’m cautiously bearish on Bitcoin

http://cointimes.tech/2017/03/why-im-cautiously-bearish-on-bitcoin/

[Afrikoin]

[sickpig]

Let's let it segwit go live on LTC first.  Right now it has never been tested on a network that has actual value.  That should be a minimum requirement before we implement such a major change on the bitcoin network.

Unfortunately LTC has on actual economic value rather than a speculative one. Its main differentiation points, namely being ASIC resistant and having a higher txn throughput are both pretty moot. The former is not valid anymore (ASIC HW for scrypt have been developed and deployed for years), the latter is moot because ltc blocks are pretty empty. 



As you can see there's no actual demand for ltc transactions, hence no economic value rather then the speculative one.

That said testing it on the LTC mainnet is for sure a step forward in respect to testing on bitcoin various test nets.

[york780]

[img]https://i.imgur.com/UI4lk58.png

the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects

Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern

like this one

Me too!
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull

[BitcoinNewsMagazine]

[img]https://i.imgur.com/UI4lk58.png

the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects

Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern

like this one

Me too!
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull

Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.