Topic: Nights Watch by Afrikoin - page 6. (Read 303329 times)
I also think the current rise is temporary and we'll be heading back down after a local top
"Re-fueling the rocket boosters"
I like that and i think that is what is happening. The amount of attention from the public after the run up to $20k has brought in crowds multiple times over.
So i dont expect us to go down too much.
$6k on the table for sure.
There is no doom, sometime between now and August/September we'll start heading back up. Question is, how low does this *correction* touch?
I need to spend a day studying charts to come up with a refined target. But the fibonacci retracemnet levels combined with targets for typical and atypical wave 4s and perhaps sprinkle in some EMA should give us a clue.
Remember, corrections can go as low as 82% retrace without invalidating wave 4 as long as its still above the wave 1 peak.
I have mostly been looking at EOS which is also in a correction.
EOS is correlated with BTC, so i would be watching EOS to know when we've hit bottom (bar the pumps from EOS announcements)
Also i will add EOS is holding better than BTC in terms of correcting. I think this speaks to how solid a project it is. If you are thinking of buying something else, EOS is a buy with atleast 10X potential from current price. Coupled with potential for fork rewards and airdrops.
Best,
Afrikoin
I like that and i think that is what is happening. The amount of attention from the public after the run up to $20k has brought in crowds multiple times over.
So i dont expect us to go down too much.
$6k on the table for sure.
There is no doom, sometime between now and August/September we'll start heading back up. Question is, how low does this *correction* touch?
I need to spend a day studying charts to come up with a refined target. But the fibonacci retracemnet levels combined with targets for typical and atypical wave 4s and perhaps sprinkle in some EMA should give us a clue.
Remember, corrections can go as low as 82% retrace without invalidating wave 4 as long as its still above the wave 1 peak.
I have mostly been looking at EOS which is also in a correction.
EOS is correlated with BTC, so i would be watching EOS to know when we've hit bottom (bar the pumps from EOS announcements)
Also i will add EOS is holding better than BTC in terms of correcting. I think this speaks to how solid a project it is. If you are thinking of buying something else, EOS is a buy with atleast 10X potential from current price. Coupled with potential for fork rewards and airdrops.
Best,
Afrikoin
If grandma is to be believed, the worst is over.
my comprehension is not helping with determining the timing of this movement.
year(s)-ish, maybe months. How's that for precision?
If the chart wave is similar, we could be looking at a BTC low ~$2000 in mid 2020
That’s right around the halvening. I do not see that happening. I’d rather think of a 2013 redux with a new ‘bubble’ after this ‘correction’. The market interest in this phenomenon is just too strong.
this time it's different?
this is bear man. we're perma rekt for at least a month or two. Probably more.
A year or two more like. Bear markets last much longer than 2 months.
Low of ~$2000 on BTC.
That would simply be a regular continuation of the price waves since 2010.
If this is a correction reminiscent of April 2013 then we're only looking at a 2-3 month recovery from this point.
Indeed - no crypto winter this time around. Just fueling the rocket boosters...
If the chart wave is similar, we could be looking at a BTC low ~$2000 in mid 2020
That’s right around the halvening. I do not see that happening. I’d rather think of a 2013 redux with a new ‘bubble’ after this ‘correction’. The market interest in this phenomenon is just too strong.
this time it's different?
this is bear man. we're perma rekt for at least a month or two. Probably more.
A year or two more like. Bear markets last much longer than 2 months.
Low of ~$2000 on BTC.
That would simply be a regular continuation of the price waves since 2010.
If this is a correction reminiscent of April 2013 then we're only looking at a 2-3 month recovery from this point.
If the chart wave is similar, we could be looking at a BTC low ~$2000 in mid 2020
That’s right around the halvening. I do not see that happening. I’d rather think of a 2013 redux with a new ‘bubble’ after this ‘correction’. The market interest in this phenomenon is just too strong.
this time it's different?
this is bear man. we're perma rekt for at least a month or two. Probably more.
A year or two more like. Bear markets last much longer than 2 months.
Low of ~$2000 on BTC.
That would simply be a regular continuation of the price waves since 2010.
Majormax: You seem to be assuming that we are in an early 2014 type price dynamics scenario rather than in a early 2013 type scenario... accordingly, you seem to be assuming the beginning of a bear market and we are less than two months into a correction (max retracement currently at 61% from $19,666 to $7625).
There are a lot of folks who are grappling with a prediction in that regard, yet not too many folks are going to assume the beginning of a bear market based on both sparce evidence and less than two month passage of time from our most recent ATH. It seems that you are taking the less likely scenario and assuming it to be the absolute correct one - especially when you are labelling our current status as a "bear market".
In other words, I don't think that it is fair to automatically assume either one scenario over another or even to assume the seemingly less likely scenario of a supposed bear market without a certain degree of evidence to support your seemingly presumptive, at best, labelling.
If the chart wave is similar, we could be looking at a BTC low ~$2000 in mid 2020
That’s right around the halvening. I do not see that happening. I’d rather think of a 2013 redux with a new ‘bubble’ after this ‘correction’. The market interest in this phenomenon is just too strong.
this time it's different?
this is bear man. we're perma rekt for at least a month or two. Probably more.
A year or two more like. Bear markets last much longer than 2 months.
Low of ~$2000 on BTC.
That would simply be a regular continuation of the price waves since 2010.
A minimum 2 month lingering period seems in the cards indeed. Back to work I guess 
hehe Yup! doesn't mean we can't take advantages of bounces along the way.
A minimum 2 month lingering period seems in the cards indeed. Back to work I guess
If the chart wave is similar, we could be looking at a BTC low ~$2000 in mid 2020
That’s right around the halvening. I do not see that happening. I’d rather think of a 2013 redux with a new ‘bubble’ after this ‘correction’. The market interest in this phenomenon is just too strong.
this time it's different?
this is bear man. we're perma rekt for at least a month or two. Probably more.
If the chart wave is similar, we could be looking at a BTC low ~$2000 in mid 2020
That’s right around the halvening. I do not see that happening. I’d rather think of a 2013 redux with a new ‘bubble’ after this ‘correction’. The market interest in this phenomenon is just too strong.
Still looks rather bullish and including a 2018 'moonshot'. I can relate to the points mentioned in that list of possible events.
Too much interest in blockchain right now for a 2-3 year crypto winter to appear.
Too much interest in blockchain right now for a 2-3 year crypto winter to appear.
I said the same in Jan 2014, and the winter was nearly 3 years. It can easily happen again.
In fact I think it would be a positive development for long term adoption. Real-world development can continue, untroubled by excessive speculation.
If the chart wave is similar, we could be looking at a BTC low ~$2000 in mid 2020
We are all accustomed to the FUD by now
South Korea Allows Cryptocurrency Trading for Real-Name Registered Accounts https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/#1516748454
South Korea Allows Cryptocurrency Trading for Real-Name Registered Accounts https://bitcoinmagazine.com/articles/south-korea-allows-cryptocurrency-trading-real-name-registered-accounts/#1516748454
Inside the group chats where people pump and dump cryptocurrency
How self-proclaimed “pump and dump groups” scam thousands of wannabe altcoin investors.
https://theoutline.com/post/3074/inside-the-group-chats-where-people-pump-and-dump-cryptocurrency?zd=2
How self-proclaimed “pump and dump groups” scam thousands of wannabe altcoin investors.
https://theoutline.com/post/3074/inside-the-group-chats-where-people-pump-and-dump-cryptocurrency?zd=2
Still looks rather bullish and including a 2018 'moonshot'. I can relate to the points mentioned in that list of possible events.
Too much interest in blockchain right now for a 2-3 year crypto winter to appear.
Too much interest in blockchain right now for a 2-3 year crypto winter to appear.
Where do you think we go from here?
here is a link to a thread which i think best captures what will happen. By Ari Paul
https://twitter.com/AriDavidPaul/status/952573793612025856
Interesting, thanks for the link.
Where do you think we go from here?
here is a link to a thread which i think best captures what will happen. By Ari Paul
https://twitter.com/AriDavidPaul/status/952573793612025856
Where do you think we go from here?
Looks like my earlier chart was it
Good news, Afrikoin. Thanks for sharing.
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