Nights Watch by Afrikoin

[bitebits]

Irregular Correction of Elliott Wave Theory Explained by Deepak Kumar

http://sweeglu.com/irregular-correction-of-elliott-wave-theory-explained-by-deepak-kumar/

Perhaps we are in an unrelenting bull market where we have fundamental world wide demand that is pushing the price up?

Maybe?

I mean, its not like we are having day after day of crazy fomo circa 2013.  Its just slow, methodical movement of buying and its been going on for a long time now with the occasional areas becoming overbought.

yeah. maybe

Aha, bargaining! 

Just kidding, and please let your posts coming Afrikoin. Appreciate the opposing perspective you are having over most of the board.

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[Afrikoin]

bitfinex gold parity

[Afrikoin]

Depends on your strategy

What is your strategy?

[Kramerc]

So, what are you trading for, Afrikoin?

Actually, that reddit advice is great, once you figure out the dominant trend. If it's a bull market, you buy and hold; if it's a bear market, you sell and hold

[Globb0]

Had to learn it the harder way but good advice.


*edit*
Maybe worth adding that even when you do everything right sometimes shit happens.

Haircuts, scammers and exit scams abounded over the last few years.

*edit*

[Afrikoin]

My weekly bitcoin price rant analysis written yesterday https://www.deepdotweb.com/2017/04/21/bitcoin-price-analysis-march-21-2017/

[Afrikoin]

Small correction done, expecting a continuation of the uptrend.

Bold predictions: Approaching $1500 in June, and $1800 by the end of this year.

(BITCOIN PRICE INDEX $1,193.05)

[york780]

Small correction done, expecting a continuation of the uptrend.

Bold predictions: Approaching $1500 in June, and $1800 by the end of this year.

(BITCOIN PRICE INDEX $1,193.05)

Bbut we are waiting for $800?? 
Bbuttt bitcoin is bearish?
Anyway thats the price of trading.
Some newbies got left behind for good like I said weeks ago.
Shannen87 I am really sorry ^^

Good night Afrikoin, I love double W bottom patterns.
Its like a bullish platform, but we are topping so your b could still happen.
Anyway lets see tomorrow.


 

[york780]

Afrikoin I just wanted to show you this, makes me smile everytime.

Guys

$800 is coming

And Vinny lingham indicator just confirmed sub $875

Sell your coins at the best price you can get

Prepare to buy lower

This is not a drill

Bullish Bitcoin breakout - Target $1400+


https://www.tradingview.com/chart/BTCUSD/oMxGWBUr-Bitcoin-breakout-Target-1400/

$1400+? this marks a new ATH, I really don't see how we will move to $800? The gap get's bigger each day...

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...

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

[Afrikoin]

Lol!  

Low blow York.

I am not sure how to respond to that because, I am still not convinced we will retest $800 (the region of previous wave 4).

I have had a look around and there are other EW chartists who have come up with similar targets. Some of them shared on this thread

I have also had a look around and seen there are other analysts (few as they are) who are skeptical of this run up.


This to me, makes me confident, because I am not crazy! My analysis was not in a vacuum.


My main issue is the disconnect between the fundamentals and the current highs and expected highs.

If we made $1350 top with pre-ETF approval expectations, how are we trading this high with HF/Segwit Stall, and a post -ETF rejection aftermath?

Also what's been going on with FInex? and China?



It seems to me like a disconnect. And this is the psychology that creates overvaluation.

There is something wrong about this rise, something off about it.

I believe this is what Vinny was referring to as well.

I do not understand how you and the rest of the market cannot see the disconnect.

So i am sticking to my guns thank you!

[york780]

Lol!  

Low blow York.

I am not sure how to respond to that because, I am still not convinced we will retest $800 (the region of previous wave 4).

I have had a look around and there are other EW chartists who have come up with similar targets. Some of them shared on this thread

I have also had a look around and seen there are other analysts (few as they are) who are skeptical of this run up.


This to me, makes me confident, because I am not crazy! My analysis was not in a vacuum.


My main issue is the disconnect between the fundamentals and the current highs and expected highs.

If we made $1350 top with pre-ETF approval expectations, how are we trading this high with HF/Segwit Stall, and a post -ETF rejection aftermath?

Also what's been going on with FInex? and China?



It seems to me like a disconnect. And this is the psychology that creates overvaluation.

There is something wrong about this rise, something off about it.

I believe this is what Vinny was referring to as well.

I do not understand how you and the rest of the market cannot see the disconnect.

So i am sticking to my guns thank you!

It was just about those traders who follow your or someone else without thinking, what has resulted in some left behinds.
Its not meant a a offence or something. Its their fault.
The same thing is going on with Vinny Lingham, he said $800 when we were at $1300.
After that we reached $875, and now they are complaining to him muhh I am still waiting for $800 because you said so. 
Anyway, I still think that its quite funny.
Lets make trading great again, we dont need to focus to much on precise targets, but more on the movements.
You are doing a great job man, still really enjoying everything thats posted here.

[Afrikoin]

Another thing also.

EW always makes room for alternative counts

If you dig up my history (like you have)

you will see i had alternative counts for a top

H&S

Double top

Triple top

Ending diagonal

All these from 2 months ago.


Today, i saw master luc (the master) post a chart suggesting we were in for an ending diagonal to break up to $1500 then sell off to $1000

here is the link https://vk.com/bitcoin_vanga?w=wall-130254204_1040

You can translate it


My first instinct was to laugh!  

Why? because he had been calling for wave 3 and now he changes his mind? Then i came back to my senses.

It could be an ending diagonal - one of the tops i suggested for a wave 5 top!

Do you know what that means? It means a wave 5 top followed by a correction down!


I posted the image on trading strategies to make a point.


i want more coins
i want to preserve capital
i do not trade high risk swings

[Afrikoin]

BTW

Vinny Indicator is the most consistent indicator i have found on the interwebs.

Vinny is toying with people. If you read his comment and @replies, you will realize he has not changed his mind. He sold at $1200

You will see.

[york780]

Another thing also.

EW always makes room for alternative counts

If you dig up my history (like you have)

you will see i had alternative counts for a top

H&S

Double top

Triple top

Ending diagonal

All these from 2 months ago.


Today, i saw master luc (the master) post a chart suggesting we were in for an ending diagonal to break up to $1500 then sell off to $1000

here is the link https://vk.com/bitcoin_vanga?w=wall-130254204_1040

You can translate it


My first instinct was to laugh!  

Why? because he had been calling for wave 3 and now he changes his mind? Then i came back to my senses.

It could be an ending diagonal - one of the tops i suggested for a wave 5 top!

Do you know what that means? It means a wave 5 top followed by a correction down!


I posted the image on trading strategies to make a point.


i want more coins
i want to preserve capital
i do not trade high risk swings

This is also the pattern what I am thinking about, but I think that the bottom is around 1100 USD, and not 1000 USD. Just because the lots of demand around that level.
The last downmove that we saw 22-3-17 was only happening because smart wales(and me) were just waiting for the last weak hand to be shaken out. Same happened on 10-01-17 (PBOC announcement). It was risky but it worked out well. I really go to sleep now, its late already. Sweet dreams about a new ATH around 1400 USD.  Good luck man

[york780]

BTW

Vinny Indicator is the most consistent indicator i have found on the interwebs.

Vinny is toying with people. If you read his comment and @replies, you will realize he has not changed his mind. He sold at $1200

You will see.

Vinny just needed some cheap coins 

Nobody changed their minds tho.
Not much happened meanwhile, only AsicBoost.

I am sure that Vinny bought his BTC back already, but he wil never admit it.
We all need some cheap coins sometime.

[Afrikoin]

[RAJSALLIN]

Afrikoin, just for clarity are you ozone63?

[Afrikoin]

Afrikoin, just for clarity are you ozone63?

No

Not me

[RAJSALLIN]

Afrikoin, just for clarity are you ozone63?

No

Not me

ok ty

[quake313]

What is keeping the price propped up and why will it not crash? This all seems so weird to me... The same thing with the alt coins, it makes no sense...