Topic: Nights Watch by Afrikoin - page 185. (Read 303310 times)
My opinion on next days: bulls will bang their heads against resistance, but won't be able to break, and next weekend we start a long term downtrend.
Latest pump from the bullish announcement (VAT exempt in EU) has changed the local count, so downtrend got delayed.
China doesn't follow this yet, at least not strongly, and since China leads major moves, let's wait and see.
I expected the first sign of a long term downtrend to be a bearish cross of 6h MACD, but now I doubt it will happen soon.
EU's Top Court Rules That Bitcoin Exchange Is Tax-Free
EU top court puts bitcoin on equal tax footing with cash
http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd
EU top court puts bitcoin on equal tax footing with cash
http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd
What's with the massive volume spike on Huobi recently?
High volume and no movement = Bot
High volume and no movement = Bot
its going to rally until February or march then hang low until the halving. that's my story and I'm sticking to it.
Check this out.
Last year October, price was oscillating at 100 EMA. It wasn't strong enough to hold and fell.
This year, we've been oscillating at 200 EMA. If it isn't strong enough to hold, we'll fall again
[snip]
Last year October, price was oscillating at 100 EMA. It wasn't strong enough to hold and fell.
This year, we've been oscillating at 200 EMA. If it isn't strong enough to hold, we'll fall again
[snip]
What is your speculation for the coming short term brother ?
$290 max
a bit of down though first before more upside
Check this out.
Last year October, price was oscillating at 100 EMA. It wasn't strong enough to hold and fell.
This year, we've been oscillating at 200 EMA. If it isn't strong enough to hold, we'll fall again
[snip]
Last year October, price was oscillating at 100 EMA. It wasn't strong enough to hold and fell.
This year, we've been oscillating at 200 EMA. If it isn't strong enough to hold, we'll fall again
[snip]
What is your speculation for the coming short term brother ?
#THISTIMEIT'SDIFFERENT
Check this out.
Last year October, price was oscillating at 100 EMA. It wasn't strong enough to hold and fell.
This year, we've been oscillating at 200 EMA. If it isn't strong enough to hold, we'll fall again
Last year October, price was oscillating at 100 EMA. It wasn't strong enough to hold and fell.
This year, we've been oscillating at 200 EMA. If it isn't strong enough to hold, we'll fall again
From reddit cooments
well there is almost definitely going to be another recession in the next couple of years (some indicators already suggest its started)
I think Yellen will pull out all the stops to stop it happening before the US election cycle next year, no way a republican would re-nominate her. (and financial crash will get blamed on current government)
so all the stops beings QE4 and possible negative interest rates to force banks to provide even more risky loans.
The question is really is bitcoin considered a safe haven asset and hedge against inflation like gold or a speculative investment that people cant afford to bet on during times of crisis.
The longer central banks have lower interest rates the harder it becomes to ever raise them again, personally I don't think they ever will by any meaningful amount unless they want to burst all the various credit bubbles to get it over and done with. If the most prosperous country on earth cant afford 0.25% interest rates you know everything is screwed. its being blamed on China but they are a production based economy. There is no western demand for Chinese goods so they cant sell their stuff, inventory levels are through the roof and commodities (oil, copper, lumber) have crashed because of this.
You think there's a difference between Republicans and Democrats in monetary policy? Lol. They're all keynesian, they're all neoclassicalist.
The fact that the US can't raise rates points to exactly what you say - extreme weakness in the economy, where a large part of economic activity is only happening because of free liquidity. And this activity-through-liquidity is not the kind of activity that generates increases in wealth or standard of living, it is merely profit games without meaningful production.
to be honest im not in the US so your local politics is not my strong point. monetary policy is the same as most so called democracies. offer tax breaks or spending promises to wealthy entities to buy votes and get elected. then borrow the money from the future to pay for today.
the whole system relies on the belief that everything will be ok in the end, aslong as everyone keeps spending. when people stop spending they need to incentivise it more, how do they do this? lower interest rates more and more to increase peoples spending power. how many $50,000 cars would be sold today if people couldnt get them on 0% finance? how many $500,000 houses.
also central banks keep the money printers on to devalue their local curreny to boost exports, there is a race to the bottom and everybody loses.
when you accept the fact that almost every politician is a sociapath their actions make alot more sense.
Yellen is probably the most powerful woman on earth currently, if the democrats lose the next election (and they will if there is a huge recession right before it) Yellen will be out so she will try every trick in the book to prevent it.
central banks and government policy is what is screwing everything up. Walmart is in deep trouble, they have had to give pay rises to their minimum wage employees at the same time as their revenue dropped. and this at a time when the dollar is strong and they are large importers.
in the 50's 60's and so on a working class man could support a family on his own, now both parents need to work, grandparents cant retire because their retirement schemes dont pay anything because interest rates are fixed so low.
does anyone actually believe that the USA is going to pay back its debts? hahaha they will write stand up comedy about this in the future im sure.
looks whats happening in Brazil and Russia atm, they entered recession couldn'y keep their interest rates at rock bottom so they had to raise them (to make governement bonds pay more to keep the government going) to over 10% each, how many people are going to default on their houses when their mortage goes up 10x? or even 5x? or even 2x?
a fuck tonne of people will default without a choice then the lenders will auction the houses off at reduced rates crashing the housing market, others who can afford it will end up with negitive equity property and choose to default sending it lower and lower.
/rant over
well there is almost definitely going to be another recession in the next couple of years (some indicators already suggest its started)
I think Yellen will pull out all the stops to stop it happening before the US election cycle next year, no way a republican would re-nominate her. (and financial crash will get blamed on current government)
so all the stops beings QE4 and possible negative interest rates to force banks to provide even more risky loans.
The question is really is bitcoin considered a safe haven asset and hedge against inflation like gold or a speculative investment that people cant afford to bet on during times of crisis.
The longer central banks have lower interest rates the harder it becomes to ever raise them again, personally I don't think they ever will by any meaningful amount unless they want to burst all the various credit bubbles to get it over and done with. If the most prosperous country on earth cant afford 0.25% interest rates you know everything is screwed. its being blamed on China but they are a production based economy. There is no western demand for Chinese goods so they cant sell their stuff, inventory levels are through the roof and commodities (oil, copper, lumber) have crashed because of this.
You think there's a difference between Republicans and Democrats in monetary policy? Lol. They're all keynesian, they're all neoclassicalist.
The fact that the US can't raise rates points to exactly what you say - extreme weakness in the economy, where a large part of economic activity is only happening because of free liquidity. And this activity-through-liquidity is not the kind of activity that generates increases in wealth or standard of living, it is merely profit games without meaningful production.
to be honest im not in the US so your local politics is not my strong point. monetary policy is the same as most so called democracies. offer tax breaks or spending promises to wealthy entities to buy votes and get elected. then borrow the money from the future to pay for today.
the whole system relies on the belief that everything will be ok in the end, aslong as everyone keeps spending. when people stop spending they need to incentivise it more, how do they do this? lower interest rates more and more to increase peoples spending power. how many $50,000 cars would be sold today if people couldnt get them on 0% finance? how many $500,000 houses.
also central banks keep the money printers on to devalue their local curreny to boost exports, there is a race to the bottom and everybody loses.
when you accept the fact that almost every politician is a sociapath their actions make alot more sense.
Yellen is probably the most powerful woman on earth currently, if the democrats lose the next election (and they will if there is a huge recession right before it) Yellen will be out so she will try every trick in the book to prevent it.
central banks and government policy is what is screwing everything up. Walmart is in deep trouble, they have had to give pay rises to their minimum wage employees at the same time as their revenue dropped. and this at a time when the dollar is strong and they are large importers.
in the 50's 60's and so on a working class man could support a family on his own, now both parents need to work, grandparents cant retire because their retirement schemes dont pay anything because interest rates are fixed so low.
does anyone actually believe that the USA is going to pay back its debts? hahaha they will write stand up comedy about this in the future im sure.
looks whats happening in Brazil and Russia atm, they entered recession couldn'y keep their interest rates at rock bottom so they had to raise them (to make governement bonds pay more to keep the government going) to over 10% each, how many people are going to default on their houses when their mortage goes up 10x? or even 5x? or even 2x?
a fuck tonne of people will default without a choice then the lenders will auction the houses off at reduced rates crashing the housing market, others who can afford it will end up with negitive equity property and choose to default sending it lower and lower.
/rant over
This looks like a local triangle trying to break yearly vwap. If so, it denotes local 3.
hi afbitcoins. been a minute
Combined Gold and BTC chart - 2 in one. looking to see if any correlations between both. Since 2008, daily chart
Combined Gold and BTC chart - 2 in one. looking to see if any correlations between both. Since 2008, daily chart
*snip*
Honestly, it doesn't seem to have much correlation, imo. I would say it has more inverse correlation than following, but only marginally, almost negligibly. Since 2011, Bitcoin is up, over all, and gold is down. Some of the internal waves are with and some are against.
Thanks for the chart Ryan
What if you ignore the early days when bitcoin was finding itself.
And then, phase shift the since 2013.
There is correlation since 2013 in my opinion. Not 1, but definitely not inverse correlation.
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