Topic: Nights Watch by Afrikoin - page 176. (Read 303310 times)
385 target reached but the new weekly candle looks like limited upside or rollercoaster when above 385
while orderbooks on western exchanges start to look less bullish, btcchina bidsum is growing...
the premium between china and us is 10$, chinese fear another devaluation of cny?
while orderbooks on western exchanges start to look less bullish, btcchina bidsum is growing...
the premium between china and us is 10$, chinese fear another devaluation of cny?
Some thoughts on trying to convince people of Bitcoin's potential.The different kinds of people that "don't see it"
"The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese renminbi (RMB) met the existing criteria to be included in the basket. The Board today decided that the RMB met all existing criteria and, effective October 1, 2016 the RMB is determined to be a freely usable currency and will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound. Launching the new SDR basket on October 1, 2016 will provide sufficient lead time for the Fund, its members and other SDR users to adjust to these changes."
http://www.imf.org/external/np/sec/pr/2015/pr15540.htm?hootPostID=047781b4a3f9970228cd41f8e4d53b02
http://www.imf.org/external/np/sec/pr/2015/pr15540.htm?hootPostID=047781b4a3f9970228cd41f8e4d53b02
Thanks for this thread afrikoin, its interesting and has a good balance.
'm Tuur Demeester, Bitcoin investor, economist and founder of Adamant Research. Ask me anything! (AMA Nov 26)
Very good read this one. Make sure to read ALL of it
https://forum.bitcoin.com/ama-ask-me-anything/i-m-tuur-demeester-bitcoin-investor-economist-and-founder-of-adamant-research-ask-me-anything-t2911.html
Very good read this one. Make sure to read ALL of it
https://forum.bitcoin.com/ama-ask-me-anything/i-m-tuur-demeester-bitcoin-investor-economist-and-founder-of-adamant-research-ask-me-anything-t2911.html
The Gloom of Central Banking by Tuur demester (from 2012)
*about Central Banks fretting over Bitcoin
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/10-2/The%20Gloom%20of%20Central%20Banking.pdf
*about Central Banks fretting over Bitcoin
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/10-2/The%20Gloom%20of%20Central%20Banking.pdf
Following the fibonacci retracements from 502 to 198 would target 386 while > 350.
Actually we are still going up the bb(20) on 4hour chart, but daily chart seems to be overbought soon.
So I guess we cant go straight to 386, if it happens I expect a dump like we saw yesterday. Sideways above 350 would be healthy then slowly up to 386.
/e: also interesting are the retracements from 3350 to 1851 cny with target 2423cny ~ 380$
Actually we are still going up the bb(20) on 4hour chart, but daily chart seems to be overbought soon.
So I guess we cant go straight to 386, if it happens I expect a dump like we saw yesterday. Sideways above 350 would be healthy then slowly up to 386.
/e: also interesting are the retracements from 3350 to 1851 cny with target 2423cny ~ 380$
This was 8 months ago.
be careful on break outs. some turn sour
be careful on break outs. some turn sour
lets not forget about DanVs chart
watch out for double tops around this 200 moving average. else, rally continues
my bias is a double top
my bias is a double top
Cup and handle?
<300 is not exactly likely, but i do see some dumps going on right now, and ya it could go Deep, who knows.. if we do get to see 28X, it will be on High volume! climbing to 500 in a cup and handle seems likely, time frame is all wrong on the graph i drew.
Adam's prediction: <333 >500 shortly after
Adam's Cheap Coins Target: 323.1 - 282.9
<300 is not exactly likely, but i do see some dumps going on right now, and ya it could go Deep, who knows.. if we do get to see 28X, it will be on High volume! climbing to 500 in a cup and handle seems likely, time frame is all wrong on the graph i drew.
Adam's prediction: <333 >500 shortly after
Adam's Cheap Coins Target: 323.1 - 282.9
small update about recent movement from china.
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
moving averages are my favorite indicators right now:
after 10ma crossed we have gone down as expected. 50ma has been the support during the correction.
after the cross of 200ma and 365ma the buying started pushing the daily candle above the 10ma which has been a buy signal before and leaded to more buying.
yesterday's candle was way above the bollinger bands on the 4 hour chart which was not sustainable and the correction was inevitable.
from yesterday:
This triangle could be Z of wave of (B) (very exciting) or b of B (not very exciting)
we are aiming for a fib of the entire retrace.
we are aiming for a fib of the entire retrace.
From Kenya with not so much love 
Kenyan High Court Hears BitPesa Case Against Safaricom
http://www.coindesk.com/safaricom-and-bitpesa/
Kenyan High Court Hears BitPesa Case Against Safaricom
http://www.coindesk.com/safaricom-and-bitpesa/
There is another triangle breakout... Gold/Bitcoin 3 month chart, Gold down, bitcoin up
also keep an eye on long term gold btc trend in log chart
also keep an eye on long term gold btc trend in log chart
^^^^^^^
Well, the pump started, but it takes a huge amount of volume in China to push up.
IMO this could reach 400$, but without new CNY entering the exchanges, it's bound to crash from there.
So far I'm long, but not max leveraged, I am waiting for the next correction, probably tomorrow morning.
Well, the pump started, but it takes a huge amount of volume in China to push up.
IMO this could reach 400$, but without new CNY entering the exchanges, it's bound to crash from there.
So far I'm long, but not max leveraged, I am waiting for the next correction, probably tomorrow morning.
After comparing the current corrective waves with those of July, I came to the conclusion that they take about twice as long.
On the 24th July there was a pump that reached about 300$ before crashing, but the current indicators look bearisher that those of 10 - 23 July.
So IMO if within 2 - 3 days there will be no strong pump that breaks up from the large triangle, then we'll crash hard.
On the 24th July there was a pump that reached about 300$ before crashing, but the current indicators look bearisher that those of 10 - 23 July.
So IMO if within 2 - 3 days there will be no strong pump that breaks up from the large triangle, then we'll crash hard.
I enjoy this thread.
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