Topic: Nights Watch by Afrikoin - page 180. (Read 303310 times)
Over $450 and i'll put my spacesuit on.
TECHNICALS! Alright, here's what I'm seeing guys...
Also have this in mind. A counter argument
I could see what you mean in EW, but in traditional TA analysis, this double bottom between Jan 2015 and Aug's low is huge, compare to intraday size it's daily and even weekly.Also second low with less volume but higher low show bullish strength. In moving average theory, price is above weekly 30MA and daily 20, 50, 100, 200MA are all line up pointing upward, exchange volume is large money flow in. Normally in moving average theory we can use 200 daily MA and weekly 30MA to identify bullish and bearish cycle. Sometime EW counts would be difficult but could have forecast meaning, but combining price with volume analysis it's obvious August's low with less volume showing some bullish strength and increasing daily trading volume confirm it, IMO.
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.
i feel a lot of people are playing up the halving. Not saying its insignificant, but its not the 'killer app'.
Could be my slight bearish bias. But litecoin had a halving the other day and price went up right before that. Obviously it is not like for like, but you see my point
Nobody gives a crap about Litecoin. Every headline on digital currency and documentary being made is about Bitcoin. That's the only halving that matters and the previous halving is something worth study. Use the most conservative values you can find from day of the halving up to a week before cypress happened and you get something like a x40 increase in price. If we crash to $150 and the halving is only half as strong as before that's still a conservative estimate of $3k/btc before 2017.
Exactly what i was trying to avoid with my caveat
But, im with you on your (bolded).
Its a coin toss now really, between permabears and bulls.
Admittedly, bears may be trapped in their own bias (me included). The extreme opposite of ultra bulls.
But, my gut tells me this is a correction. SO looking for a top before $200s
Lets see how 2 year daily average behaves
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.
i feel a lot of people are playing up the halving. Not saying its insignificant, but its not the 'killer app'.
Could be my slight bearish bias. But litecoin had a halving the other day and price went up right before that. Obviously it is not like for like, but you see my point
Nobody gives a crap about Litecoin. Every headline on digital currency and documentary being made is about Bitcoin. That's the only halving that matters and the previous halving is something worth study. Use the most conservative values you can find from day of the halving up to a week before cypress happened and you get something like a x40 increase in price. If we crash to $150 and the halving is only half as strong as before that's still a conservative estimate of $3k/btc before 2017.
Play Defence
"I could see what you mean in EW, but in traditional TA analysis, this double bottom between Jan 2015 and Aug's low is huge, compare to intraday size it's daily and even weekly.Also second low with less volume but higher low show bullish strength. In moving average theory, price is above weekly 30MA and daily 20, 50, 100, 200MA are all line up pointing upward, exchange volume is large money flow in. Normally in moving average theory we can use 200 daily MA and weekly 30MA to identify bullish and bearish cycle. Sometime EW counts would be difficult but could have forecast meaning, but combining price with volume analysis it's obvious August's low with less volume showing some bullish strength and increasing daily trading volume confirm it, IMO."
"I could see what you mean in EW, but in traditional TA analysis, this double bottom between Jan 2015 and Aug's low is huge, compare to intraday size it's daily and even weekly.Also second low with less volume but higher low show bullish strength. In moving average theory, price is above weekly 30MA and daily 20, 50, 100, 200MA are all line up pointing upward, exchange volume is large money flow in. Normally in moving average theory we can use 200 daily MA and weekly 30MA to identify bullish and bearish cycle. Sometime EW counts would be difficult but could have forecast meaning, but combining price with volume analysis it's obvious August's low with less volume showing some bullish strength and increasing daily trading volume confirm it, IMO."
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
Hi?
Thanks for posting
You can post DanV charts here anytime. Snip them up and post.
Please!
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
Look at the comments. "Clearly from the 2 scenarios the Megaphone pattern appears to have failed." - Dan V
yup that count was annihilated.
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.
i feel a lot of people are playing up the halving. Not saying its insignificant, but its not the 'killer app'.
Could be my slight bearish bias. But litecoin had a halving the other day and price went up right before that. Obviously it is not like for like, but you see my point
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
Look at the comments. "Clearly from the 2 scenarios the Megaphone pattern appears to have failed." - Dan V
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
I don't think it's worth the risk of going big based on this chart given that the halving is 7-8 months away.
DanV says lower lows in horizon: https://www.tradingview.com/chart/BTCUSD/qQnWu9Wx-BTCUSD-POSSIBLE-CYCLE-COMPLETION-WITH-LIMITED-UPSIDE/
I can't believe my eyes!!
Mainstream media
Bitcoin to be 6th largest reserve currency by 2030: Research
http://www.cnbc.com/2015/11/03/bitcoin-to-be-6th-largest-reserve-currency-by-2030-research.html
Mainstream media
Bitcoin to be 6th largest reserve currency by 2030: Research
http://www.cnbc.com/2015/11/03/bitcoin-to-be-6th-largest-reserve-currency-by-2030-research.html
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
beware of the terminal triangle
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
It’s All About the Blockchain
http://moneyandstate.com/its-all-about-the-blockchain/
by Erik Voorhees
Banks’ biggest innovation in the last two decades was the Geithner Swap, in which loss due to excessive risk taking is swapped for taxpayer money.
http://moneyandstate.com/its-all-about-the-blockchain/
by Erik Voorhees
Banks’ biggest innovation in the last two decades was the Geithner Swap, in which loss due to excessive risk taking is swapped for taxpayer money.
I just want to reply to this with a link to another one of Erik's excellent posts and to recommend everyone read them. He simply nails it.
http://moneyandstate.com/bitcoin-value-ponzi-schemes/
Sharing one additional quote; then back to charts 
Quote
“This represents a technological innovation that is terrifying to many people because it is such a fundamental transformation of money. And what ‘they’ will tell is that they are worried. They’re worried that criminals will use Bitcoin, but the truth is that they are far more terrified that all of the rest of us will.”
No please, I hate charts, keep posting quotes
Sharing one additional quote; then back to charts
Quote
“This represents a technological innovation that is terrifying to many people because it is such a fundamental transformation of money. And what ‘they’ will tell is that they are worried. They’re worried that criminals will use Bitcoin, but the truth is that they are far more terrified that all of the rest of us will.”
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