Nights Watch by Afrikoin

[Afrikoin]

C just happened.

yup.

trying to figure out where it will stop.

Might bounce at $1100 - $1150

i am looking at this right now trying to figure out if this is a 4, mini fractal a-b-c or final a-b-c

[Afrikoin]

Here is a fractal on the 3 day

Depends on whether we have reached final wave 5 top or no. Still too early, need to wait for this sell off to calm

But point here is fractals.

a-b-c correction after 5 on the 4 hour chart

A-B-C correction after 5 on the 3 day

[york780]

This dump is exactly the same as in 1-06-2016. Same patern , same dump decrease, same moving averages. Only the height is different. So i think that we will not decrease further. Very interesting to campare those movements with each other. Maybe history will repeat itself again and another epic bullrun will start?

[Afrikoin]

This dump is exactly the same as in 1-06-2016. Same patern , same dump decrease, same moving averages. Only the height is different. So i think that we will not decrease further. Very interesting to campare those movements with each other. Maybe history will repeat itself again and another epic bullrun will start?

yes, fractals.

this is a similar by lower degree a- b- c

[Afrikoin]

Investor and entrepreneur Vinny Lingham argued that while there's little indication as to which direction the agency go, that potential for volatility is virtually guaranteed – and as a result, people in the market are getting ready.

"Volatility is coming back after the decision is made," said Lingham.

How Bitcoin Traders Are Preparing for the SEC's ETF Decision

http://www.coindesk.com/bitcoin-traders-preparing-sec-etf-decision/

[Afrikoin]

i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom

[Afrikoin]

i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom

If we do fomo as in bold, that will be interesting.

Means that will be the 5th top of a

*** Head of a Head and shoulder

Or

****5th top of an ending diagonal

Can't say now for sure because the point we will know is

 **If we break $1300 and go on up after a low on this sell off ($1050 - $1150)

 **if ETF is a YEs so we FOMO like bat shit crazy

I am also enjoying watching the charts while reading up on EW and comparing charts. Best way to learn!

[koryu]

it could also be that we are in wave 4 and get a extended wave 5:



we will find out soon

[Afrikoin]

[Afrikoin]

it could also be that we are in wave 4 and get a extended wave 5:



we will find out soon

No. Unless you mean current is wave 4.

On your chart, 4 has crossed into 1 territory, so that invalidates your count. EW guidelines wave cannot cross into 1

Here is what i think is a possibility


*but we need to see how far up we go on this current move.  If it fails below 1220, and resumes down to $1040, then it will invalidate this count

[Afrikoin]

Here is what i mean

[Afrikoin]

When OTC markets backfire, bitcoin editio

https://ftalphaville.ft.com/2017/03/08/2185731/when-otc-markets-backfire-bitcoin-edition/

[Afrikoin]

Many market analysts have asserted that traders have already priced in the ETF's chance of receiving approval, a development that has coincided with bitcoin's price repeatedly nearing $1,300 in recent sessions. After reaching these lofty levels, some have warned that prices could potentially suffer a pullback if the agency opts to reject this proposed fund.

http://www.coindesk.com/bitcoin-traders-preparing-sec-etf-decision/

[jamyr]

Indeed. A 48-hr crazy up and downs can be expected starting Friday, by which SEC would give a decision. If the decision turns out to be "no", are we really gonna expect a plummeting price?

[Afrikoin]

Indeed. A 48-hr crazy up and downs can be expected starting Friday, by which SEC would give a decision. If the decision turns out to be "no", are we really gonna expect a plummeting price?

possibly

Prepare for the worst?

While many traders indicated that they have braced themselves for volatility, some revealed they have specific plans in case bitcoin prices plunge following the SEC's decision.

At least one market trader has suggested that they are getting reader for the worst-case scenario: a "no" decision, followed by a sharp drop.

Tim Enneking, chairman of Crypto Asset Management, recently told CoinDesk that his team is planning to react accordingly should the situation play out in that way.

"We're going to position ourselves to go short, perhaps massively so, if the market looks as if it's going to drop significantly based on a negative SEC decision," he explained.

Cryptocurrency fund manager Jacob Eliosoff took a somewhat different point of view, suggesting that he would look for opportunities amidst any possible price decline.

"I'm waiting to do some buying on any major dip – I don't think we've seen the last of $1,000," said Eliosoff.

source http://www.coindesk.com/bitcoin-traders-preparing-sec-etf-decision/

[koryu]

it could also be that we are in wave 4 and get a extended wave 5:



we will find out soon

No. Unless you mean current is wave 4.

On your chart, 4 has crossed into 1 territory, so that invalidates your count. EW guidelines wave cannot cross into 1

Here is what i think is a possibility


*but we need to see how far up we go on this current move.  If it fails below 1220, and resumes down to $1040, then it will invalidate this count

got your point, I used the coinbase chart cuz my other charts are overloaded with data. But on all other exchanges 4 is over 1 as it should be in EW theory, so I think this count is not invalidated.

[Afrikoin]

Vinny Lingham Makes New Bitcoin Price Prediction in Wake of Bitcoin ETF Decision

https://cointelegraph.com/news/vinny-lingham-makes-new-bitcoin-price-prediction-in-wake-of-bitcoin-etf-decision

[Afrikoin]

Here is what i mean

This B (in purple) is still in tact on some exchanges
BTC -e
Okcoin

It was a sharp spike to $1350 on Bitstamp and BitFinex

Not sure about other exchanges can anyone share?

ETF decision between 4-6pm US time?

[shannen87]

ETF APROVAL by 6PM ET Time, they want stocks to close first.

[HanvanBitcoin]

ETF APROVAL by 6PM ET Time, they want stocks to close first.

Stocks close in 18 minutes....