Nights Watch by Afrikoin

[secousa]

Lets say it happens for the sake of discussion, Ryn. We will briefly touch 1200. Would it mean wave 5 is still ahead of us OR are will we start another run up from wave 1. Please, help me orientate here. Thank you.

In another thread, it was mentioned, that rise to 3000 USD per bitcoin is prolonged wave 3 before large correction, that we are currently witnessing.

So is this wave 4 or end of the current count and how do we tell? Thank you again.

this being wave 4 would mean wave 5 of the bullish move from 150's is still ahead of us. yellow arrow in ryn's chart is the beginning of that wave. whether this larger wave is a 1, 3, or 5 is yet to be seen

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[DieJohnny]

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

It seems we are headed lower than 2k. How low do we have to go to put us in a bear market for the rest of the year?

According to Tone on his stream earlier, he didn't anticipate it dropping below 2k, but noted a break below 1700 would signal a clear trend change.

I disagree! I would argue that we can go as low as 1120 and still have our larger trend intact. That price rises every week that passes, so next week it will be around 1150.

That trend line, if breached, is a good indication of lost support, imo. As long as it holds, we are good.
An EW guide line is that wave-4 usually bottoms in the area of the 4th of one lesser degree. In this case, the iv on my chart (blue box).

I tend to agree with your chart, shows how much we have accelerated above normal trends the last couple months. THANKS for the comments!

[TeeBone]

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

It seems we are headed lower than 2k. How low do we have to go to put us in a bear market for the rest of the year?

According to Tone on his stream earlier, he didn't anticipate it dropping below 2k, but noted a break below 1700 would signal a clear trend change.

I disagree! I would argue that we can go as low as 1120 and still have our larger trend intact. That price rises every week that passes, so next week it will be around 1150.

That trend line, if breached, is a good indication of lost support, imo. As long as it holds, we are good.
An EW guide line is that wave-4 usually bottoms in the area of the 4th of one lesser degree. In this case, the iv on my chart (blue box).

I tend to agree with your chart, shows how much we have accelerated above normal trends the last couple months. THANKS for the comments!

A drop to breakout area of 1300 would be perfectly normal within this bulltrend. Tone Vays is complete retarT, he's wrong on just about every call and calls Elliot Wave Theory a 'scam'.

[Afrikoin]

If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.

Not sure if this is the end of wave 3 but regardless after some significant sideways there will be another leg. Is this the end of the bubble, I dont know. There may be some nested 1 - 2s I cant see.

[Hyena]

A drop to breakout area of 1300 would be perfectly normal within this bulltrend. Tone Vays is complete retarT, he's wrong on just about every call and calls Elliot Wave Theory a 'scam'.

Tone Vays is reasoning and acting like a complete moron to the extent of probably being a paid troll. I'd not be surprised if he wanted to marry his UASF hat.

[Afrikoin]

Kramerc saw this coming days ago

[Afrikoin]

Daily $BTCUSD charts r getting Uglier faster than I can inform followers. Don't blame traders! Need a #Bitcoin company w/ BALLS to SPEAK UP!

[jeezy]

Looks like wave 4 completed successfully.  Up to 5  around $3600?

[Dakustaking76]

Your charts are showing were gonne bleed more Downside then upside correct me if
Im wrong what your telling.
But iT looks like now were droppen on kraken 2007 euro And has its rise now up to 2175.
Can u explain Why we Will Drop more After this rise ?
My opinion is more like the bigger players let us think "oh were recovering"
Then again we fall down in prise...

[Afrikoin]

I suspect current price action is pricing in late July - August 1 events.

[Afrikoin]

Your charts are showing were gonne bleed more Downside then upside correct me if
Im wrong what your telling.
But iT looks like now were droppen on kraken 2007 euro And has its rise now up to 2175.
Can u explain Why we Will Drop more After this rise ?
My opinion is more like the bigger players let us think "oh were recovering"
Then again we fall down in prise...

looks like a bounce up from a nasty drop.

$2500 target upside
$2650

sideways

further drops

[Afrikoin]

Goldman sachs EW charts


Due to popular demand, it’s worth taking a quick look at Bitcoin here...
 
The market has come close (enough?) to reaching its extended (2.618) target for a 3rd of V-waves from the inception low at 3,134. It’s on track to forming a bearish key day reversal if today’s close settles below 2,749. It will also form a key week version if Friday’s close is below 2,475. Both daily/weekly oscillators are diverging negatively. All of this to say that the balance of signals are looking broadly heavy.
 
An eventual 4th wave should retrace at least 23.6% of the length of wave III, which in this case comes to to ~2,330. It shouldn’t go much further than 38.2% down at 1,915. Expect 4th waves to trade sideways/messy for a period of time before eventually continuing the underlying trend. Will use the length of wave I (~1,136 points up to the Nov. ’13 high) to measure the minimum projection target for wave V.
 
View: Wary of a near-term top ahead of 3,134. Consider re-establishing bullish exposure between 2,330 and no lower than 1,915.
 

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[Gillette]

Apologies in advance Afrikoin since its off-topic!

Anyone who still thinks SegWit is any good needs to read this: How do SegWit and FlexTrans compare?

More incompetant rubbish

There is no reason to choose SegWit over Flexible Transactions.

There need only be ONE reason. That reason is the BU developers are amateur coders and should not be within a hundred miles of any production code. End of conversation.

Who's talking about BU in the first place you dimwit? Absolutely no mention nor reference to BU
You must be hallucinating

You were an avid BU supporter not talking about it anymore because you realized (late) how fucking garbage that proposition is and their devs were shit. Now it's all about "flexible transactions" LOL

Hey you ignorant asshole, good tech coins always make X20-X200 ROI. All the history of your shit BTC is also pump and dump. You really think BTC grew naturally you fucking moron? 

By the way do you still sell BTC on bottom and rebuy it on top? 

Lol stay mad faggot... talking to a moron is a waste of my time

Motherfucker asshole, why are you attacking me? Don`t you see that your BTC is becoming shit day by day? 

Bitpay introduced hidden fees for those who want to pay with BTC. Today I wanted to pay an item of $49 value. I had to pay an extra $0.90 to pay through btc/bitpay + 0.001 BTC ($2.3) network fee. So for an item of $49 I had to pay extra $3.2, this is 6.5% of the item value. In case of debit card I had to pay an extra 2.95% that is $1.44. Finally I paid with debit card. Open your eyes idiot, your btc is becoming useless. Alts will outperform it in the coming years.

[Dakustaking76]

Oke So we Will go down


More cheap coins!!!

[Dakustaking76]

Any updates??

[Afrikoin]

Any updates??

[Afrikoin]

Also watching these 5 wave counts on the 3 min chart

looks like we just started another 5 wave up

$2600 possible

PS;

I am not sure if the first move up from $2100 was an A or a 1,2

Im leaning towards an A,

thus an AB - C (5 waves)

[Afrikoin]

Inverse head and shoulder possible on 30 minute chart

[Afrikoin]

[silverfuture]

It's going bearish for a while it looks like. I don't think more than medium term. We have a H&S on the 30day chart and it looks like its going to play out, maybe a little like spring 2013 and then we will get more like a fall 2013 bubbly action after that.