Topic: are we at a new base price? [CHART] - page 2. (Read 2226 times)
by analysing historical chart of cyprus panic buy in april i can see distinct similarities with the structure of ascend that we are experiencing now. if i am to apply april's rally to what is going on today then according to that we are only halfway into the bubble that should peak around 800-1000 usd before speculators bringing it down to 300-400 region. though it looks like we've been there, one thing is unclear to me - there is no panic buying like back then. we are actually experiencing a rapid market growth where quite few people are interested in securing their wealth, mostly chineese individuals. so. are we now at a new base price of 400 or all this just result of speculative deeds?
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