Afrikoin,
thanks, that is very helpful for reference. According to:
"Wave 5 usually ends inside the windows of 62% of 0-3 and equal to 0-3 added to wave 4."
That would give us about 2600 USD per bitcoin on Bitstamp, do I understand it correctly? And thank you again.
Topic: Nights Watch by Afrikoin - page 46. (Read 303329 times)
Its clear the internal 5 wave count in black (i,ii,iii,iv,v) is complete, a pattern i have been looking at for weeks since $1120 at (ii). Admittedly, the count i was not certain of was the (1,2,3,4,5) in purple. Wave 2 of (1) in purple is a less common wave 2 retracement of wave 1.
Why i counted it as an A-B - C(i,ii,iii,iv,v) instead of a 1,2,3,4,5 this one https://i.imgur.com/ToSKmVZ.jpg
The price distance of each wave is measured as a vertical distance from the beginning of the wave to the end of the wave. It retraced briefly and was shallow, only retracing 23% of wave 1. Such replacements occur infrequently, with only a 12 out of 100 appearances; 50% and 62% replacements are more common appearing 78 times out of 100; 62%+ fibonacci wave 2 retracements appear 15 out of 100 times. The low probability appearance of this type of wave 2 led me to conclude it was not a wave 2. Now, in hindsight, i believe it was a wave 2, and i have learnt from this experience.
I recommend reading up on Wave Ratios and Measurements (http://astrocycle.net/PDF/WaveRatios.pdf) to see the common wave retracement levels.
BATS officially withdraw the proposed rule change that would allow listing of Bitcoin $COIN ETF
https://www.sec.gov/rules/sro/batsbzx/2017/34-80714.pdf
https://www.sec.gov/rules/sro/batsbzx/2017/34-80714.pdf
This impulse seems to be wave C of expanded flat B or a higher degree wave V compared to the last. Both of those counts point down. If it creeps up from here, all bets are off.
Seriously?
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
Now not looking pretty
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
Okay, but what does that translate to exactly? Right now we are retesting ATH again. We pretty much recovered 100+ USD in price in single day. Dont you think thats impulse from teachnical analysis point of view?
The problems you are mentioning are indeed all real, but none of them (with the exception of market cap) is new or unexpected. Furthermore, if the alts fail to suppress bitcoin all that money will flow into it fueling the bubble.
I am not disagreeing, its just difficult to see how exactly are the new old problems supposed to stop Bitcoin from making new heights later this month.
My opinion
From my observation of unfolding events, we are in a deadlock and somethings got to give
that something will not kill Bitcoin
Bitcoin will survive and prosper in the long run
But its hard for me to see what is unfolding, and conclude that it will not have an impact on the price in the short term.
Just my opinion
no evidence
no data
just a random guys thoughts on the interwebs
sue me
I'm definitively agree with you on that point, the Bitcoin paradigm is the permanent research for a consensus. I think the price will be less and less affected by all the stories, wars and political stuff.
How the BTC dominance is calculated is just a nonsense. Peoples are buying BTC to play with the altcoin market. Most of the money injected into altcoins come from BTC.
Posting Craig "never been" Satoshi FUD while waiting for $800.
Sooner or later bitcoin will upgrade to larger blocks. There's just too big demand from economic nodes and end users. I hereby predict that this event alone will burst the altcoin/eth bubble. Then the true BTC bubble will begin as there is nothing left to stop the adoption.
Plus RSK will make ethereum less popular 
Sooner or later bitcoin will upgrade to larger blocks. There's just too big demand from economic nodes and end users. I hereby predict that this event alone will burst the altcoin/eth bubble. Then the true BTC bubble will begin as there is nothing left to stop the adoption.
Seriously?
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
Now not looking pretty
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
Okay, but what does that translate to exactly? Right now we are retesting ATH again. We pretty much recovered 100+ USD in price in single day. Dont you think thats impulse from teachnical analysis point of view?
The problems you are mentioning are indeed all real, but none of them (with the exception of market cap) is new or unexpected. Furthermore, if the alts fail to suppress bitcoin all that money will flow into it fueling the bubble.
I am not disagreeing, its just difficult to see how exactly are the new old problems supposed to stop Bitcoin from making new heights later this month.
My opinion
From my observation of unfolding events, we are in a deadlock and somethings got to give
that something will not kill Bitcoin
Bitcoin will survive and prosper in the long run
But its hard for me to see what is unfolding, and conclude that it will not have an impact on the price in the short term.
Just my opinion
no evidence
no data
just a random guys thoughts on the interwebs
sue me
Posting screenshots from a private Slack?
discussions end up on public pastebins after all
that was why i thought it didnt matter.
one and the same
perhaps i should have downloaded the pastebin and taken a screenshot of CSW comments?
Confused?!
Seriously?
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
Now not looking pretty
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
Okay, but what does that translate to exactly? Right now we are retesting ATH again. We pretty much recovered 100+ USD in price in single day. Dont you think thats impulse from teachnical analysis point of view?
The problems you are mentioning are indeed all real, but none of them (with the exception of market cap) is new or unexpected. Furthermore, if the alts fail to suppress bitcoin all that money will flow into it fueling the bubble.
I am not disagreeing, its just difficult to see how exactly are the new old problems supposed to stop Bitcoin from making new heights later this month.
Posting screenshots from a private Slack?
For the record, I am neutral
Craig Says SegWit will never happen
Craig Says SegWit will never happen
Seriously?
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
Now not looking pretty
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
Anyone seen what's going on with UASF?
Luke suggesting we could switch to litecoin as the new bitcoin? or vertcoin? or another alt?
WTF?
BTC market dominance down to 49%? (whatever that means)
All is not well
If you want to know what's really going on, the btslack is where all the big blocker been hanging out.
And a HF looks even more likely.
Not pretty.
edit thread https://twitter.com/LukeDashjr/status/864260563223928833
4h Follow-Through: XRP, BTC, ETH, STR/XLM, GNO, LTC Ep. 18
https://www.youtube.com/watch?v=CbWCHA1tRoM
https://www.youtube.com/watch?v=CbWCHA1tRoM
That's really interesting, what tools is he using for charts? seems a bit more functional than the ones I have been using on BCW
I hope you had a great birthday.
Symmetric $BTCUSD Triangle from Last Night's video is holding well, looking for a #Bitcoin breakout & containment in the new tight channel
https://twitter.com/ToneVays/status/864510531041992704
https://twitter.com/ToneVays/status/864510531041992704
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