Topic: Nights Watch by Afrikoin - page 194. (Read 303310 times)

Matthew says

 "Waiting for a 3 wave upward recovery before shorting. My SL will be at $246.51"

Matthew says

"Bitcoin hit our target of $246 and is now falling. I expect an impulsive drop to $226.43 then a 3 wave upward correction. That will be my signal to go short targeting below $150."

"Channels or trendlines aren't the be all end all of technical analysis, so this 'breakout' isn't guaranteed to drive BTC to 1000+, that's a lofty target. I see it hitting 250-268 and then reversing again."

IvanLabrie

A guy who I have deep respect for (and is an online acquaintance) is someone called Don Harrold. He does a terrible job of promoting himself (also self admitted), especially since he stopped uploading youtube videos. I will ask him for a link to his paid service/s and post it here for anyone interested (which amount to market picks and also some tutorials for relative newbs like myself) which is a video service. Honestly, some of his number work and data analysis is incredibly concise. He doesn't boast, but he has a knack for timing market turning points.

Related to Don is a stock picker sorry more like a commentator, known as Panama Orange, who always has interesting views (he's on twitter and stocktwits). I follow some blogs as well but none as intently as Don. I follow a few guys who all are part of the 'alt' media circles that also have been interviewed by Don over the years too.

HitTheBid (youtube channel) is also interesting and entertaining from a market perspective- he's a bit in your face and intense though.

I'll admit to enjoying listening to Michael Norman too, for something a little more mainstream. I've been meaning to learn more about Mike Stathis too.

Hope you find some of that interesting

Interesting comment from /u/slowmoon from /r/BitcoinMarkets

So here we are here four years after 2011 when we envisioned how bitcoin would start rapidly expanding to take over black markets, international trade, remittances, e-commerce, etc. and it's just not happening and it's not scaling the way we thought it would scale. Companies like Bitpay are realizing that very few people are using bitcoin for e-commerce. They can't hire and expand like they thought they could.

So this is kind of a back-to-the-drawing-board time in bitcoin's life. Bitcoin is software and we can change it, but first we have to admit that we're in trouble. We don't have a million users. I don't care how many accounts Coinbase says they have. (Let's check http://www.bitcoinpulse.com , oh wait...) We have a few hundred thousand users at the most and most of us are primarily speculating. If more actual use doesn't emerge soon and the world's economy slows down more, then the speculators will sell this thing into the ground. Gold, oil, iron ore, and every other "hard asset" took beatings when China's market was crashing a week or two ago. What does that tell you? It tells me that hard-assets are not seen as safe havens this time around. (Let's be generous and assume bitcoin is a safe hard-asset.)

The only thing that did well was the dollar. That tells me that the dollar is going to be king this time around. At least for a while. If the dollars and US stocks soar against everything again like they did in the late 1990s and emerging markets crash because they can't pay or collect on their dollar denominated debt, that's when sub-$100 bitcoin becomes possible. Because when rich Chinese whales and miners find that their apartments in Shanghai have crashed 65% in value, they aren't going to be playing (gambling) with bitcoin anymore. They're going to get serious about trying to survive the economic shitstorm. Bitcoin will bottom with everything else as capital races to quality (USA).

mind sharing? (the rest who you follow)?

I follow TPTB and MA too, my opinion is heavily influenced by their opinion and a few other people I know and follow.

Yeah. TPTB_need_war forecasted these a while back. On Martin Armstrong thread https://bitcointalk.org/index.php?topic=1082909.new;topicseen#new

It does rather look like GLD will be resuming it's slow grind decline. Should be a bottom soon eg in the coming half year or so imo, give or take a few months.

Jack Damn ‏@JackDamn 4m4 minutes ago

For $GLD (fiat gold), the Bulls need to reclaim 110.00 & 115.00. Bears need to break 104.00 & 102.28

Maybe 1 more, after this dip of the toe. 4.

End of Bear Trend?

Same with Moving averages

Look at EMAs on 6h charts - 200, 100, 50, 30. Reasonable targets for short term and on whether uptrend holds. Watch price action highlighted levels

Everything thing i come across seems to point to a MACRO event (even from Gold perspectives). This makes sense for me. Like what Jim Rickards was talking about on the video i linked to earlier. All that coupled with the fact that Bitcoin itself is a tail event/black swan/anti-fragile and it makes for a delectable moon landing

I agree. A crazy macro event could potentially lead to an influx of cash. Part of me would rather the world muddles along though! (I don't think it will)

David Alcindor ‏@4xForecaster 23m23 minutes ago

#bitstamp still under bear pressure w/ limited upside potential; Internal EW eyes lower lows:

I feel bitcoin will need a huge boost in buyers to take it to the next moon phase. Coupled with significant MACRO events of the tail event variety to take it to the moon. Commenters bring up good points  on role of bitcoin and/or gold in such an economic environment. Question is when?

Two commenters also have a 'middle ground' analysis.

Long with caution, limited upside dependent on price threshold. Else, bear resumes till next attempt to bounce off bottom

I think the gold/silver bugs have already been in and out of bitcoin in the last insane bubble. Just my two cents.

US Marshals: Final Silk Road Bitcoin Auction Likely for 2015


http://www.coindesk.com/us-marshals-bitcoin-auction-2015/?utm_content=buffera0652&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer