Topic: Nights Watch by Afrikoin - page 118. (Read 303329 times)

It is all corrective since 1140.

Bitcoin price chart from October 2016 before the rise to $1100

I have a thought that we might retest the rising trendline in blue. As one of many outcomes

Annual returns of @facebook, @amazon, @netflix & @Google vs #bitcoin, since Facebook's IPO on May 18, 2012.

is possible link?

1/ With a decision nearing on the Winklevoss & SolidX #bitcoin ETFs, the premium that $GBTC trades at has collapsed from 50% to 5%


https://twitter.com/ARKblockchain/status/830449521327009794

Seeking Alpha

Bitcoin ETF Approved In March 2017: A Black Swan With Asymmetric Risk/Reward

http://seekingalpha.com/article/4044517-bitcoin-etf-approved-march-2017-black-swan-asymmetric-risk-reward

Needham’s Insights Into Factors Affecting SEC’s Decision on Bitcoin ETFs

https://news.bitcoin.com/needham-insights-factors-sec-bitcoin-etf/

First time to be seen: 50.03 percent of nodes running core 0.13.1 and 0.13.2! Plus those few 0.13.99, the majority of fullnodes is pro-segwit!







Segwit is a new type of transaction that solves a lot of issues and allows for a lot of new features to be added more easily/safely.
To name a few things it does... segwit transactions reduce the amount of space needed by the main blockchain as the witness data that can later be discarded is put in a separate data structure.
Segwit transactions also solve malleability issues which is a serious headache for developers building ontop of bitcoin. It also allows for future expansion of new features such as making bitcoin truly fungible which needs to happen at some point. It also makes the Lightning Network that is in development are much cleaner solution.
What they are saying is the number of computers running the full bitcoind client that is capable of understanding and issuing segwit style transactions is over 50%.
The marker for it actually being usable however is the number of the mining nodes supporting segwit (i.e. bitcoind clients but they are actually running mining hardware), this needs to be > 95% before segwit transactions can be activated to be safe but this is still stuck at 23%.
https://coin.dance/blocks/proposals
Guess what OP is trying to highlight is that most users are keen on seeing SegWit approved but the miners are still holding off. I don't know why they are holding off adopting it but I guess they have their reasons...

my friend Tim from Nigeria: the man running the only Bitcoin Node In West Africa

https://motherboard.vice.com/en_us/article/meet-the-man-running-the-only-bitcoin-node-in-west-africa

As Bitcoin ETF Nears, Analysts Warn of Trading Frenzy
Some predict a speculative rush if SEC approves a new fund in March

https://www.wsj.com/articles/irrational-exuberance-for-bitcoin-etfs-1486350601

chart?

please share

Possible inverse head and shoulders (H - head - S)?

This head and shoulders happened.

China's PBOC statement on inspection of Bitcoin exchanges, AML, Bitcoin as FX currency, no margin trading etc

Conclusion
The omnipresent PBoC will continue to impact price, likely in a bearish manner. Bearish Technicals or weakening Bullish Momentum aligning with these meetings means large dumps will be afoot. Overall, long term trend remains strongly bullish will no threat to Bitcoin protocol. Miners continue to add hash rate week over week signalling strength in Bitcoin’s medium and long term future. Technicals are leaning bullish with a strong possibility of extended consolidation.

This TK disequilibrium coupled with a touch of the potential reversal zones, pitchfork median line, and 76.4% fibonacci retracement level of the previous move, meant that there was enough technical evidence for a breakdown. The PBoC meeting was just more fuel for the bear fire.