Nights Watch by Afrikoin

[Afrikoin]

Okay, here is the link for the hearing tomorrow. Note the two PDF documents that have their testimony pre-written out.

https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission

https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf

https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf

They basically say, hey ICO's need to be watched so people don't get scammed, but cryptos are spurring technilogical growth and must be protected. In short, it's good news and no crazy regulations!

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[Afrikoin]

$BTC setting up for move to pop to 9450

https://twitter.com/PeterLBrandt/status/960961854771118080

[Afrikoin]

https://twitter.com/bbands/status/961259796035858433

The evidence suggests the $BTCUSD & most other cryptos have bottomed, most at logical places. Looking for confirmation.

[Afrikoin]

https://twitter.com/CarpeNoctom/status/961328614326255616

watching...

dat vol tho

[Afrikoin]

https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html#ampshare=https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html

[afbitcoins]

My 1D bitstamp chart looks like this  ...



Drop below bearish channel with high volume looks like probable capitulation and therefore likely reverse back to bullish from here. Strong rebound occurred where would be expected on bottom of the bullish channel marked with dashed lines and also on a horizontal line with the last smaller correction before the run to the peak.

RSI also most oversold its been for several months. This correction has been bigger than I expected which is good and was needed. Better base for the next big bull moves later in the year.

The run up to the peak corresponded to when futures markets were due to start trading. I wonder wether theres been an element of wall st types buying up bitcoin intending to and then slamming back down. (trying to shake out weak hands) Which at the end of it all has left us still in the dashed bull channel.

[Afrikoin]

60 Minutes takes us inside an ICO whitepaper mill

https://twitter.com/NeerajKA/status/962786781145042944

[Afrikoin]

https://twitter.com/hashdeus/status/962783628928475138https://twitter.com/hashdeus/status/962783628928475138

People thought that Bitanic is unsinkable. It was, until he met the ice block(stream). Change your ship before it is too late

[Afrikoin]

JPMorgan Publishes The "Bitcoin Bible" | Zero Hedge https://www.zerohedge.com/news/2018-02-11/jpmorgan-publishes-bitcoin-bible

[Wekkel]

Looking at the comment section under that ZeroHedge article, I must say that the situation is improving. Cryptocurrencies are slowly getting into the minds of people. Even at ZeroHedge.

The report has some interesting tidbits as well but that’s a story for another time. Let me state that I am wondering how JP Morgan thinks that Central Banks/governments can retain dominance of their fiat systems with seniorage if there’s a viable alternative right now. No, suppression is not the right answer  

[Afrikoin]

Looking at the comment section under that ZeroHedge article, I must say that the situation is improving. Cryptocurrencies are slowly getting into the minds of people. Even at ZeroHedge.

The report has some interesting tidbits as well but that’s a story for another time. Let me state that I am wondering how JP Morgan thinks that Central Banks/governments can retain dominance of their fiat systems with seniorage if there’s a viable alternative right now. No, suppression is not the right answer  

yeah,

i like looking at patterns like this. How sentiment changes over time. I remember 4 years ago 90% of comments on zerohedge would crucify bitcoin

remember in 2014 when Christine Lagarde said crypto was trash? 2017, she's all over IMF conferences touting crypto as disruptive

What we shall get is a compromise - a trojan horse of sorts

I dont think crypto fully obliterates central banks, but they defo will lose some control they have now.

[Afrikoin]

The Sacred and the profane

http://finiculture.com/the-sacred-and-the-profane/

[Afrikoin]

Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is "inevitable."

https://www.coindesk.com/imf-chief-lagarde-global-cryptocurrency-regulation-is-inevitable/

[Wekkel]

Better phrased as ‘regulations on centralised entry points into / connections to cryptocurrencies’. Cryptocurrencies themselves can’t be controlled without severe loss of freedom (only with a level that will not be tolerated in the ‘free’ world).

[Afrikoin]

I kinda agree with this. I am expecting atleast one more leg down before we head up to the next bull run to $40k

so, here is Peter Brandt

https://twitter.com/PeterLBrandt/status/963178070621413376

In 43 years I have learned than anything is possible. $BTC $btcusd

[Tzupy]

Anther leg down is a possibility, but maybe not so soon. IMO tomorrow it's going to be a decision time, between going straight down (doubt that) and pumping to about 10500$, then down.

[Afrikoin]

The chart of $BTC (adjusted to multiple exchanges) is attempting an upside breakout. Time will tell if successful.

https://twitter.com/PeterLBrandt/status/963748279837122561

[Wekkel]

At least it is a return of optimism.

[Tzupy]

Anther leg down is a possibility, but maybe not so soon. IMO tomorrow it's going to be a decision time, between going straight down (doubt that) and pumping to about 10500$, then down.

LTC pumped on 12h MACD crossing but BTC not so much, 12h MACD still negative, pump may still happen when it will have a better chance to cross.

[Tzupy]

Bullish news from South Korea. However, volume has still to catch up:
https://www.ccn.com/south-korea-govt-will-support-cryptocurrency-transactions-financial-regulator/
Short term TA, it seems BTC is running out of steam and may test support.