Topic: Nights Watch by Afrikoin - page 88. (Read 303329 times)

Yo Afrikon.... what is this oracle saying now??

[img]http://i.imgur.com/NMOJSF0.jpg[img]

York

Denker



Please resize your quotes if they have images.

Like the chart i shared above.

When you quote, adjust the size to smallest possible, or take it out.


I said this some days back.

So i have deleted both your posts.

Not sure I understand how split is bullish unless you are talking long term.

no. No particular event. Just the potential split or anything else that could happen. The deadlock is bound to end.

Are you referring to the blocksize conference in May?

didn't check in here for a while. Wow, it's bearish in here.

I'm bullish. Finally some resolution of the focksize war seems probable.

The sooner this ends the less blood will be lost to altcoins.

Sell when everyone is buying is the standard wisdom and buy when others are selling.     Thats basically sound because all buyers is similar to all passengers of a rowing boat standing on one side, its not stable and price becomes inaccurate and volatile.

The problem is to judge when is everyone selling or is bitcoin just really volatile, prices move greatly from exaggerated trades on exchanges but the silent majority continue to hold and use bitcoin lightly.    Are we seeing massive differences in bitcoin trade, day by day or is it much the same.
  My view is there is much doubt with every rise of bitcoin, there is no magical story backing bitcoin that people are clinging onto.  The ETF thing has been around for years and once again the goal posts are moved.
If anything at this point you should consider selling if they ever put that ETF through,  I imagine this is part of the end game now.     They'll only let BTC be official as an asset when its already succeeded and most growth is over ?

If there is doubt on bitcoin rising and it continues, this is a balanced rise.   Weak hands regularly take profits.  I would like to judge if more people are using or at least trading bitcoin as viable or if the number drops.   That will depend on China I guess, events there matter.

TA wise I see the chinese btc price as retracing 61% of its year start rise and fall.    Its not especially weak then especially as volume has disappeared ?    Is there some reason we see little volume now, that could be worrying I guess.   At present low volume shows as bullish to neutral, we not pressing ahead in either direction.

The dollar price and exchange may be much different as dollar itself is speculated on and has news on its rates  etc.   However most volume is in China so that should be the price to examine most closely.

I previously said 1270 as a ceiling to surpass.  IF you want a line to draw in the sand here, look for weakness below 1047.  This would be a repeat of some February action when it climbed above, 1150 would mark good progress if maintained as a low not a declining ceiling.