Nights Watch by Afrikoin - page 153.

Afrikoin

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Quote from: MatTheCat on May 05, 2016, 06:19:23 AM

BTC has taken the symmetrical triangle right to the wire. Nothing to say that it won't break up or down, and put in a new high, or low, which will then go on to form a new limit of a larger triangle here, but which way she is going to go, is a really a coinflip for me at the moment. Looking at Higher timeframes, it has to be said, that BTC is looking pretty bearish right now, which is perhaps one reason why Bitcoin will break up a bit. Wash out all the shorters, and suck in any long gravy train riders for when the real dump comes.

I am currently long on two seperate trades, but if I wasn't, BTC would be in a no trade situation for me right now. Should BTC dump on the break of this triangle, I have my stops set on margin trade, and will adjust target to scratch on solid BTC trade, with emergency Stop Loss down beneath bottom of current range, should this thing really tank.

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Quote from: Afrikoin on May 05, 2016, 10:51:07 AM

Quote from: Tzupy on May 05, 2016, 10:47:47 AM

https://www.cryptocoinsnews.com/bitcoin-price-tipping-point/

wow. THAT - IS - EXTREMELY NEGATIVE.

EXTREMELY NEGATIVE? Hmm... Then let's show a bullish scenario, in which we are in a similar position with the 1st November 2015, but moving about 3 times slower.
If soon we'll see a pump and will be able to hug the upper BB in 6h time frame (2h back in November, adjusted for 3x slower), then a top of about 700$ is possible.

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Satoshi Saga Continues: Tulip Trust Trustee Expected to Appear by September 19, Says Joseph VaughnPerling

https://bitcoinmagazine.com/articles/satoshi-saga-continues-tulip-trust-trustee-expected-to-appear-by-september-says-joseph-vaughnperling-1462467803

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Why I’m buying bitcoins

Charlies MOrris

http://moneyweek.com/why-im-buying-bitcoins/

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Quote from: Tzupy on May 05, 2016, 10:47:47 AM

https://www.cryptocoinsnews.com/bitcoin-price-tipping-point/

wow. THAT - IS - EXTREMELY NEGATIVE.

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https://www.cryptocoinsnews.com/bitcoin-price-tipping-point/

Afrikoin

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You guys have to read this.

"Firstly, Satoshi Nakamoto is not one human being. It is or was a team.
Craig Wright named one person in his recent communications, being the
late Dave Kleinman. Craig did not name others, nor should I. While he
was the quintessential genius who had the original idea for Bitcoin and
wrote the lion's share of the code, Craig could not have done it alone.
Satoshi Nakamoto was a team effort."

Ian Grigg

http://www.metzdowd.com/pipermail/cryptography/2016-May/029323.html

Afrikoin

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Quote from: RyNinDaCleM on April 20, 2016, 09:21:53 AM

Quote from: MatTheCat on April 20, 2016, 06:15:39 AM

Always pays to zoom out and look at the bigger picture, and for the more risk tolerant and more long term minded amongst us, it seems that $426-$428, represented a trendline breaking, Mom and Vol indicator bullish structure entry point into Bitcoin, targetting $650 and above......

....but just take a look at the Volume bars down the bottom of the chart. That aint yelling "its a bull!" to me.

Nope! It looks like triangle volume to me. The big confirmation volume will come with a break above the D-Wave high (475 iirc)

Afrikoin

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Would be great to get an opinion from RyNinDaCleM https://bitcointalksearch.org/user/rynindaclem-15327

paging RyNinDaCleM

Afrikoin

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Afrikoin

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Afrikoin

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Tzupy

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Quote from: Tzupy on April 22, 2016, 06:34:01 AM

Quote from: Afrikoin on April 22, 2016, 05:31:40 AM

...
I with you (highlighted). I think traders expecting another rally to unprecedented highs are delusional and will get caught out if (when) we hit a high and head back down. Its part of the characteristics of wave B.

I'm expecting at least $650 and open to reach $1000, but doubt this is the big mega bubble wave some are suggesting.

My opinion though,could be wong.

Meanwhile, Tzupy, does this mean you are bullish?

Quote from: Tzupy on April 18, 2016, 03:59:53 AM

The evolution of the bid sum on Huobi for the last 30 days suggests an upcoming pump.

I am moderately bullish, but I try to keep an eye on Chinese whale manipulation. Closed my long yesterday at 452$ and now looking for a new entry.
If the market will reach at least ~480$ and then find support at ~450$, the ~800$ scenario will become probable.
If we go slow up, fail to make a significantly higher high, and then break support at 450$, then IMO we'll test 300$.

Bulls showed weakness, but the bullish scenario is not yet invalidated. However, bulls will have to break resistance at 500$ within 2 weeks to make it happen.
But with the rather low volume and depleted bid sides on western exchanges, this looks improbable now.

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Quote from: Afrikoin on May 03, 2016, 04:04:55 PM

"People forget that this is all well within technical movement. We were looking for $430 or $435 before any of this craig wright shit happened.

Just like the hearn announcment, prices are simply random and bouncing around technical constraints with fundamental targets. Our puny reptile brains are trying to find patterns, and are applying correlated (but not causative) explicit events to try to explain price. In reality, our brains look for distinct events (like whales acting in the market, or events causing moves), but in reality thousands of decentralized actions just reach an equilibrium.

None of this shit matters."

https://www.reddit.com/r/BitcoinMarkets/comments/4hlke2/daily_discussion_tuesday_may_03_2016/d2r4uiy

We might have gone down to $435 anyway, but the craig wright shit might have hastened that drop. There is some technical name the chart guys use for the effect events can have on the price. At the minimum they can speed up the pumps and dumps that would eventually happen whatever. That's a good thing if it saves us months of boring sideways flatline prices.

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Permabull Bitcoin Investor

Quote from: Afrikoin on May 03, 2016, 03:50:17 PM

“...if a large amount of people want to hold their wealth in the form of bitcoin, JPMorgan will attempt to provide them with that service.”

Could you share please the source of this quote.

On a side note, I'm extremely happy for you and your topic, as I said before, it's a real gem, but PLEASE, be more bullish man Cheesy

Afrikoin

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"People forget that this is all well within technical movement. We were looking for $430 or $435 before any of this craig wright shit happened.

Just like the hearn announcment, prices are simply random and bouncing around technical constraints with fundamental targets. Our puny reptile brains are trying to find patterns, and are applying correlated (but not causative) explicit events to try to explain price. In reality, our brains look for distinct events (like whales acting in the market, or events causing moves), but in reality thousands of decentralized actions just reach an equilibrium.

None of this shit matters."

https://www.reddit.com/r/BitcoinMarkets/comments/4hlke2/daily_discussion_tuesday_may_03_2016/d2r4uiy

Afrikoin

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“...if a large amount of people want to hold their wealth in the form of bitcoin, JPMorgan will attempt to provide them with that service.”

Afrikoin

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Monetary policy implications of blockchain technology

http://andolfatto.blogspot.co.ke/2016/05/monetary-policy-implications-of.html?spref=tw

Afrikoin

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"It’s always easy to make outlandish predictions. My goal for this post was to outline what I think the tailwinds are behind Bitcoin. I don’t know if the price is going to $1000 or $10,000 — but I do know that it is going up. If I was forced to predict, I would say that it would hit $1000+ in 2016 and $3000+ in 2017. Looking forward to seeing how this all plays out!"

https://medium.com/@vinnylingham/bitcoin-2016-there-has-been-an-awakening-164b42d38927#.8cjewpke0

Afrikoin

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Quote from: spazzdla on May 03, 2016, 07:19:48 AM

It would appear we are heading into the end of a ascending triangle, no?

ive seen so many triangles my head hurts!

Some show we've crossed, others show we're out of it and bouncing off the upper slope, Others show we are yet to break ie (in the middle of the triangle).

Triangle also depends on whether one is looking at Asian or Western exchanges.

I think what matters is, it is bullish

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