Topic: Nights Watch by Afrikoin - page 68. (Read 303310 times)
Why the UASF Segwit Scenario is Hopelessly Naive
https://medium.com/@jimmysong/why-the-uasf-segwit-scenario-is-hopelessly-naive-70338711bc3c
https://medium.com/@jimmysong/why-the-uasf-segwit-scenario-is-hopelessly-naive-70338711bc3c
Bitcoin Price Analysis - Waning bullish momentum
https://bravenewcoin.com/news/bitcoin-price-analysis-waning-bullish-momentum/
https://bravenewcoin.com/news/bitcoin-price-analysis-waning-bullish-momentum/
OkCoin didnt react to the upsurge among western exchanges at all.
Is that good or bad news? Also futures on Okcoin are around 10% below market prices of Bitstamp and Bitfinex. Curious about your angle on this, guys. Thanks a lot.
Is that good or bad news? Also futures on Okcoin are around 10% below market prices of Bitstamp and Bitfinex. Curious about your angle on this, guys. Thanks a lot.
The chinese trade crypto IOUs. First they have to allow withdrawals in order to become relevant again, then traders might give a rat's ass about their fake volume exchanges.
BTW afrikoin, I have a feeling you won't cut your loose at $1260
OkCoin didnt react to the upsurge among western exchanges at all.
Is that good or bad news? Also futures on Okcoin are around 10% below market prices of Bitstamp and Bitfinex. Curious about your angle on this, guys. Thanks a lot.
Is that good or bad news? Also futures on Okcoin are around 10% below market prices of Bitstamp and Bitfinex. Curious about your angle on this, guys. Thanks a lot.
"Went back to an earlier and somewhat cleaner chart to try and fathom out what is going on and realise with the ETF confusion we had accumulation in the form of an Impulse wave from early January. Then the resulting disappointment culminating in the formation of a bearish "Diamond Pattern" and first leg of ABC correction. In my opinion now we are at the Apex of B and likely drop now to complete C with a target in the region of $800 +. Of course this idea can be foiled by the braking of downward trend line and further revaluation needed, so this is why I am neutral at present until further downward pressure exerted?"
source : https://www.tradingview.com/chart/BTCUSD/INg1pw9E-BTC-Bigger-Picture/
source : https://www.tradingview.com/chart/BTCUSD/INg1pw9E-BTC-Bigger-Picture/
BITCOIN EXIT PUMP ? Looks right on track technically to me
https://www.youtube.com/watch?v=8YAjHT7YoaQ&feature=youtu.be
https://www.youtube.com/watch?v=8YAjHT7YoaQ&feature=youtu.be
I agree.
But it seems like BTC will top first.
But it seems like BTC will top first.
if we don't hit $1030 within a month i'll do something outrageous and stupid like eat at @McDonalds
flat kumo = magnet
source: https://twitter.com/CarpeNoctom/status/854209040838164480
flat kumo = magnet
source: https://twitter.com/CarpeNoctom/status/854209040838164480
thanks @Kramerc, you have target for (3) ?
Around $1500, but it's hard to tell. If there is fomo, it could extend considerably further.
thanks @Kramerc, you have target for (3) ?
Here are some Fibonacci projections from most recent swing high to swing low:
and on a longer timeframe:
I would give more weight to the second chart.
thanks @Kramerc, you have target for (3) ?
[img]https://i.imgur.com/TskzPY1.png
My main count is blue, and has been for a very long time now.
The AO (similar indicator to Elliott Wave Oscilattor) indicator gauges the strength of a move, helping one get a feel where the market is inside a wave cycle. Normally, AO makes the highest high at the top of the 3rd of 3rd (also known as the moment of recognition). As we can see in the image, AO has not yet made a bearish divergence with the latest ATH, meaning that the last wave was only the 3rd of 3rd, or even a subwave of the 3rd of 3rd, in case the next ATH makes another extreme in the indicator. At the same time, we can see that $891 bottom had more selling power than the $751 bottom, but made a higher low. This presents a hidden bullish divergence that is usually found during 4th waves, explained by the fact that demand moved higher up, and buy support picked up all the excess selling.
Thus, in case of blue, next ATH top should present more fomo (which is the usual topping sign of a bitcoin 5th wave) but make a divergence in the AO, indicating that the buying power is depleting. Afterwards, an even-longer correction should take place, that will most likely not go below $891, and then it's time for the (5), which could also extend (another amazing feature of bitcoin rallies). All in all, this could take another year, year and a half to finish, in which case I would assume that the bears will be exhausted by the time the trend changes, similar to bulls during the last long-term bearish correction.
The other count on the chart is brown, which I find unlikely for various reasons, but could be accepted as a completed impulse. In this case, my 4 is an A, this current move up is a B and the total correction would be a wave II, and will most likely last for 9-12 months. The guidelines say that the low should still be within the limits of the previous wave 4 of a lower degree, so between $780 and $500.
Happy trading.
My main count is blue, and has been for a very long time now.
The AO (similar indicator to Elliott Wave Oscilattor) indicator gauges the strength of a move, helping one get a feel where the market is inside a wave cycle. Normally, AO makes the highest high at the top of the 3rd of 3rd (also known as the moment of recognition). As we can see in the image, AO has not yet made a bearish divergence with the latest ATH, meaning that the last wave was only the 3rd of 3rd, or even a subwave of the 3rd of 3rd, in case the next ATH makes another extreme in the indicator. At the same time, we can see that $891 bottom had more selling power than the $751 bottom, but made a higher low. This presents a hidden bullish divergence that is usually found during 4th waves, explained by the fact that demand moved higher up, and buy support picked up all the excess selling.
Thus, in case of blue, next ATH top should present more fomo (which is the usual topping sign of a bitcoin 5th wave) but make a divergence in the AO, indicating that the buying power is depleting. Afterwards, an even-longer correction should take place, that will most likely not go below $891, and then it's time for the (5), which could also extend (another amazing feature of bitcoin rallies). All in all, this could take another year, year and a half to finish, in which case I would assume that the bears will be exhausted by the time the trend changes, similar to bulls during the last long-term bearish correction.
The other count on the chart is brown, which I find unlikely for various reasons, but could be accepted as a completed impulse. In this case, my 4 is an A, this current move up is a B and the total correction would be a wave II, and will most likely last for 9-12 months. The guidelines say that the low should still be within the limits of the previous wave 4 of a lower degree, so between $780 and $500.
Happy trading.
Thanks for sharing! You shld share more often.
let us wait and see what happens at $891.
I favour your count in bold. Which is the count i have been calling for $800 retest, or atleast sub $875
My analysis is based on EW + all the other analysis i read and share here.
I will share a chart on my count as soon as Im back at my desk.
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