How did the price go up from $33 to $43 so fast?

mornaner

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Quote from: elux on March 08, 2013, 08:38:44 AM

Quote from: mornaner on March 08, 2013, 07:54:35 AM

Much more than that raise: The price peaked at 49, crashed to 35 and rebounded to 45. Then slowly stabilized at 43.

Stabilized at 43?

2011: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2011-06-01zeg2011-06-10ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI
2013: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2013-02-27zeg2013-03-08ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI

Well, I was talking in terms of a week. That's why I used the term slowly, nothing can happen slowly in a week. I don't know what will happen in the future (although I believe the price will drop).

elux

legendary

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Quote from: mornaner on March 08, 2013, 07:54:35 AM

Much more than that raise: The price peaked at 49, crashed to 35 and rebounded to 45. Then slowly stabilized at 43.

Stabilized at 43?

2011: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2011-06-01zeg2011-06-10ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI
2013: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2013-02-27zeg2013-03-08ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI

phatsphere

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Merit: 500

so, this looks like a symmetrical triangle. right?
http://www.investopedia.com/terms/s/symmetricaltriangle.asp

mornaner

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Activity: 65

Merit: 10

Much more than that raise: The price peaked at 49, crashed to 35 and rebounded to 45. Then slowly stabilized at 43.

Take a look at this:

b!z

legendary

Activity: 1582

Merit: 1010

W-what happened last week? What did I miss?

Topic: How did the price go up from $33 to $43 so fast? (Read 994 times)