Vinny Lingham indicator

thread https://twitter.com/TomReichhart/status/851905605275176961

Notice #InvisibleHand

I am going with Vinny on this one. I think it is crazy to bet against him

For context,

The Power of the Invisible Hand

https://vinnylingham.com/the-power-of-the-invisible-hand-56efaedfb544

AAA ""If I’m right, the market is going to begin to recalculate the price of Bitcoin being traded today as a function of the post split price and effectively punish the price if the current path we are on will result in a split and a dilution of the effects of Metcalfes law. If that happens, I cannot see how the price goes above $875 during the interim period, based upon the numbers presented by Chris. If sentiment diminished along with demand, $337 will probably be the maximum trigger point where miners will start calling uncle and signalling for Segwit.""

BBBBB "Regardless, the logical behavior is if the market believes there is no risk of a fork, the price should be a premium to $875, and as the risk of a fork increases, the price should drop steadily…that’s how I read the tea leaves anyway."

i guess we are all drawing the line. on AAA or BBB.

Agree to disagree. Very crucial moment.

Your reputation york780 doesn't make you trustworthy, sorry Stick to your own b-class thread please.

Fine. You will be left behind just like kwuckduck

thread: Bearish divergence

https://twitter.com/CarpeNoctom/status/851949860798558208

Bitcoin Price Analysis: UASF Anticipation Pushes Toward New ATHs

https://bitcoinmagazine.com/articles/bitcoin-price-analysis-uasf-anticipation-pushes-toward-new-aths/

$BTC big picture. All fib levels hit. Just a little correction required to keep growing with good strength! Let's go to 1800-2000 year end!

https://twitter.com/himanshu_sud/status/852085275849261056

Let's let it segwit go live on LTC first.  Right now it has never been tested on a network that has actual value.  That should be a minimum requirement before we implement such a major change on the bitcoin network.

Why I’m cautiously bearish on Bitcoin

http://cointimes.tech/2017/03/why-im-cautiously-bearish-on-bitcoin/

Unfortunately LTC has on actual economic value rather than a speculative one. Its main differentiation points, namely being ASIC resistant and having a higher txn throughput are both pretty moot. The former is not valid anymore (ASIC HW for scrypt have been developed and deployed for years), the latter is moot because ltc blocks are pretty empty. 



As you can see there's no actual demand for ltc transactions, hence no economic value rather then the speculative one.

That said testing it on the LTC mainnet is for sure a step forward in respect to testing on bitcoin various test nets.

Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.