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Topic: Nights Watch by Afrikoin - page 102. (Read 303329 times)

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March 09, 2017, 08:35:29 AM
Indeed. A 48-hr crazy up and downs can be expected starting Friday, by which SEC would give a decision. If the decision turns out to be "no", are we really gonna expect a plummeting price?
legendary
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March 09, 2017, 08:23:55 AM
Many market analysts have asserted that traders have already priced in the ETF's chance of receiving approval, a development that has coincided with bitcoin's price repeatedly nearing $1,300 in recent sessions. After reaching these lofty levels, some have warned that prices could potentially suffer a pullback if the agency opts to reject this proposed fund.

http://www.coindesk.com/bitcoin-traders-preparing-sec-etf-decision/

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legendary
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March 09, 2017, 08:03:06 AM
Here is what i mean

legendary
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March 09, 2017, 07:43:49 AM
it could also be that we are in wave 4 and get a extended wave 5:



we will find out soon Smiley

No. Unless you mean current is wave 4.

On your chart, 4 has crossed into 1 territory, so that invalidates your count. EW guidelines wave cannot cross into 1

Here is what i think is a possibility


*but we need to see how far up we go on this current move.  If it fails below 1220, and resumes down to $1040, then it will invalidate this count

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March 09, 2017, 07:35:40 AM




hero member
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March 09, 2017, 03:10:45 AM
it could also be that we are in wave 4 and get a extended wave 5:



we will find out soon Smiley
legendary
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March 09, 2017, 01:56:37 AM
Quote
i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom

If we do fomo as in bold, that will be interesting.

Means that will be the 5th top of a

*** Head of a Head and shoulder

Or

****5th top of an ending diagonal

Can't say now for sure because the point we will know is

 **If we break $1300 and go on up after a low on this sell off ($1050 - $1150)

 **if ETF is a YEs so we FOMO like bat shit crazy

I am also enjoying watching the charts while reading up on EW and comparing charts. Best way to learn!



legendary
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March 09, 2017, 01:52:57 AM
i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom
legendary
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March 08, 2017, 11:55:29 PM
Investor and entrepreneur Vinny Lingham argued that while there's little indication as to which direction the agency go, that potential for volatility is virtually guaranteed – and as a result, people in the market are getting ready.

"Volatility is coming back after the decision is made," said Lingham.

How Bitcoin Traders Are Preparing for the SEC's ETF Decision

http://www.coindesk.com/bitcoin-traders-preparing-sec-etf-decision/
legendary
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March 08, 2017, 05:52:49 PM
This dump is exactly the same as in 1-06-2016. Same patern , same dump decrease, same moving averages. Only the height is different. So i think that we will not decrease further. Very interesting to campare those movements with each other. Maybe history will repeat itself again and another epic bullrun will start?

yes, fractals.

this is a similar by lower degree a- b- c
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March 08, 2017, 04:58:21 PM
This dump is exactly the same as in 1-06-2016. Same patern , same dump decrease, same moving averages. Only the height is different. So i think that we will not decrease further. Very interesting to campare those movements with each other. Maybe history will repeat itself again and another epic bullrun will start?
legendary
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March 08, 2017, 04:38:51 PM
Here is a fractal on the 3 day

Depends on whether we have reached final wave 5 top or no. Still too early, need to wait for this sell off to calm

But point here is fractals.

a-b-c correction after 5 on the 4 hour chart

A-B-C correction after 5 on the 3 day

legendary
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March 08, 2017, 04:26:44 PM
C just happened.

yup.

trying to figure out where it will stop.

Might bounce at $1100 - $1150

i am looking at this right now trying to figure out if this is a 4, mini fractal a-b-c or final a-b-c

sr. member
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March 08, 2017, 04:15:05 PM
C just happened.
legendary
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March 08, 2017, 04:13:50 PM
sr. member
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March 08, 2017, 04:12:12 PM
You were right. I bough the dip. Thanks for the good charts. Lets go to 2k now  Wink
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March 08, 2017, 04:10:37 PM
legendary
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March 08, 2017, 04:00:56 PM

#Bitcoin painting a bearish H&S on the 4H with support at $1130. ETF will decide if we see $1000 or $1627 next

source: https://twitter.com/BTCEliX/status/839573249445019648

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