ECB: "Roots Of Bitcoin Can Be Found In The Austrian School Of Economics"
Jon Matonis
http://www.forbes.com/sites/jonmatonis/2012/11/03/ecb-roots-of-bitcoin-can-be-found-in-the-austrian-school-of-economics/
Topic: Nights Watch by Afrikoin - page 183. (Read 303310 times)
David Alcindor
on https://www.tradingview.com/chat/?utm_content=bufferb0fb2&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer#nG7jDhaJhHHw8Vya
"I have no doubt that $BTC is setting itself up for a LONG-TERM growth. No question about it.
HOWEVER, there is a lot of slaughtering that will have to occur before that. That means decapitating bears with a temporary rally, then chopping off hooves with a counter-trend decline ... This first up, then down, then finally up is the pathway I envisage.
Banks - and the institutional traders that act on their behalves - live at such atmospheric scale that is psychologically not inhabitable for the retail trader who depends on gregarious nurturing and much shorter twitches of emotional activities.
"They" own this and other markets, and they will pass favorable laws and regulations that will tip the advantage to the "house"."
on https://www.tradingview.com/chat/?utm_content=bufferb0fb2&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer#nG7jDhaJhHHw8Vya
"I have no doubt that $BTC is setting itself up for a LONG-TERM growth. No question about it.
HOWEVER, there is a lot of slaughtering that will have to occur before that. That means decapitating bears with a temporary rally, then chopping off hooves with a counter-trend decline ... This first up, then down, then finally up is the pathway I envisage.
Banks - and the institutional traders that act on their behalves - live at such atmospheric scale that is psychologically not inhabitable for the retail trader who depends on gregarious nurturing and much shorter twitches of emotional activities.
"They" own this and other markets, and they will pass favorable laws and regulations that will tip the advantage to the "house"."
So both Chessnut and MasterLuc is guestimating this movement up to be bigger than 320?
Yes, many seem to agree this could go much higher. $ 360
It is rare to have different analysts applying different techniques agree on a trend. That itself speaks volumes. An perhaps a lesson to remember if/when another bubble occurs.
Find the right analysts (diverse set) and watch what they say
So both Chessnut and MasterLuc is guestimating this movement up to be bigger than 320?
this is it.......it is wave 5. minimum local target 1880 for the ED but medium term tgt is still the wave 4 area.... 1760 or so. ED are sharp and fast to resolve.
David Alcindor updated:
Here is the most BULLISH scenario I can come up with:
1 - First, it is nearly guaranted that we are in a prolong correction, hence the large, encompassing A-B-C pattern.
2 - Projection of such pattern (not in terms of Elliott Wave, but simply in terms of geometry), Wave-C projection off of Wave-B defines 363.66 as pan-ultimate top for this correction ... Near December 2015.
3 - The two most recent channels reflect R.N. Elliott channel methodology ... Hence, we just completed an Intermediate Wave-(3), whereas Intermediate Wave-(4) should be under development at this time.
4 - Based on same R. N. Elliott channel construction, the secondary channel (GREEN) points to a higher border validation at/near 363.66.
5 - Bad news is that from a total Wave, these broad sweeping correction will tend to return o the origin of Wave-A ... Interestingly, this fits the Predictive/Forecasting Model's outer most tolerable WL value = 152.72, defined this past SEP 2015.
So, as mentioned before, the only analyses are revealing at the H4 levels and above, offering a broad "bird'seye view" of what the Bitcoin trader will HAVE TO endure, not only in terms of adverse excursion if ever SHORT, but in counter-trend threat if taking a long position, especially near the current yet-to-define top.
Best,
David Alcindor
Sauce: https://www.tradingview.com/chart/BTCUSD/vTWNd0Qk-BTCUSD-bitstamp-Stomped-Mulls-Decline-bitcoin-BTC-forex/
Here is the most BULLISH scenario I can come up with:
1 - First, it is nearly guaranted that we are in a prolong correction, hence the large, encompassing A-B-C pattern.
2 - Projection of such pattern (not in terms of Elliott Wave, but simply in terms of geometry), Wave-C projection off of Wave-B defines 363.66 as pan-ultimate top for this correction ... Near December 2015.
3 - The two most recent channels reflect R.N. Elliott channel methodology ... Hence, we just completed an Intermediate Wave-(3), whereas Intermediate Wave-(4) should be under development at this time.
4 - Based on same R. N. Elliott channel construction, the secondary channel (GREEN) points to a higher border validation at/near 363.66.
5 - Bad news is that from a total Wave, these broad sweeping correction will tend to return o the origin of Wave-A ... Interestingly, this fits the Predictive/Forecasting Model's outer most tolerable WL value = 152.72, defined this past SEP 2015.
So, as mentioned before, the only analyses are revealing at the H4 levels and above, offering a broad "bird'seye view" of what the Bitcoin trader will HAVE TO endure, not only in terms of adverse excursion if ever SHORT, but in counter-trend threat if taking a long position, especially near the current yet-to-define top.
Best,
David Alcindor
Sauce: https://www.tradingview.com/chart/BTCUSD/vTWNd0Qk-BTCUSD-bitstamp-Stomped-Mulls-Decline-bitcoin-BTC-forex/
David Alcindor's count doesn't make much sense tbh.
Could be an expanding B-wave triangle if we cross the previous $318 top.
Could be an expanding B-wave triangle if we cross the previous $318 top.
The West will return, eventually.
looks like the west has been relegated to mere arbitrage 
Pulled back under. Rally does look toast from here. It would be full retard mode if we kept going higher
Look at the volume. It is already full retard mode. All forms of extrapolation will fail at this moment since we are entering the great unknown.
Pulled back under. Rally does look toast from here. It would be full retard mode if we kept going higher
Look at the volume. It is already full retard mode. All forms of extrapolation will fail at this moment since we are entering the great unknown.
Pulled back under. Rally does look toast from here. It would be full retard mode if we kept going higher
""My personal thought is that we're still going to make another run upwards in the near term. The prior few times we've been pushing these levels (March & July 2015), we had initial spikes to over $300, and then a pullback that occurred over the course of a few days which setup a second push towards the highs reached in the prior days. However, those second pushes have ultimately failed and signaled a turning point in the market both times. For the record, I'm talking about longer term charts like the 1D, not the intraday movements.
For now, my playbook is to wait on the second push towards $300. If we break new highs, then I'll assume we will continue the stair-step pattern up the wall of worry. If we fail to break new highs, I'll be putting in a small short because I believe that may be the signal of a reversal, and I'll add to the short if we move lower.
""
For now, my playbook is to wait on the second push towards $300. If we break new highs, then I'll assume we will continue the stair-step pattern up the wall of worry. If we fail to break new highs, I'll be putting in a small short because I believe that may be the signal of a reversal, and I'll add to the short if we move lower.
""
This is a significant area for a short term reversal on the 4H, with ~268~ a fair target in any case as a iv wave area.
This impulse could be 1 or A which we could use to play the move on breakdown or better w2 form.
This impulse could be 1 or A which we could use to play the move on breakdown or better w2 form.
The halving was a new concept in 2012. I expect traders will move in advance to the halving rather than wait. The effect on price might be more volatile than it was in the past.
Bitcoin Soars As China's Creeping Capital Controls Loom
http://www.zerohedge.com/news/2015-10-25/bitcoin-bullion-soar-chinas-creeping-capital-controls-loom
http://www.zerohedge.com/news/2015-10-25/bitcoin-bullion-soar-chinas-creeping-capital-controls-loom
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