http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-08-30zeg2011-04-03ztgSzm1g10z. I say a repeat of 2010 / 2011 complete with an even bigger bear trap.
Topic: Could the Spring 2013 bubble have really been a bear trap? (Read 2148 times)
I would take a look at the "bubble" from September 2010 to February, 2011 followed by a bear trap complete with bearish RSI and MACD on April 3, 2011 http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-08-30zeg2011-04-03ztgSzm1g10z.
I say a repeat of 2010 / 2011 complete with an even bigger bear trap.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-08-30zeg2011-04-03ztgSzm1g10z. I say a repeat of 2010 / 2011 complete with an even bigger bear trap.
Hmm. Interesting but I'm not sold at all 
Looking at the previous bubbles along with this chart I can't help but get a fractal-esque impression. For example go to clarkmoody's bitcoin charts, set each candlestick to w1, then zoom back to 2011 and you get this picture:
(This is what happened after the 2011 crash leading up to the bubble (on the right side))
That looks remarkably close to where we are now (however the bottom is not as low since we survived a bubble already making people more confident):
It looks like a similar pattern is repeating on a shorter scale during each successive bubble.
We could very well see >$1000 soon.
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