Topic: January 2012 vs August 2012: Any similarities? (Read 1118 times)
The both look like proton streams from unlicensed nuclear accelerators.
You can't step into the same river twice. Better ponder on differences between now and then.
That was then, and this is now.
That's the difference. It's all speculation. So no difference there.
You can't step into the same river twice. Better ponder on differences between now and then.
we're now building a triangle
whitch is not broken down:
https://bitcointalksearch.org/topic/m.1083545
(chart from yesterday)
the bears tried to break it down but failed last 2 days, so it's time for the bulls to rise?
in January there was the support line broken, which was after a resistance which did not break til 7.2, so after the blue support line on 16th was broken the trend changed:
it also could be interpretated as tripple (or 4times) top
for me these are 2 different situations...
i see a rise to 12 possible, triangle breakout will tell...
whitch is not broken down:
https://bitcointalksearch.org/topic/m.1083545
(chart from yesterday)
the bears tried to break it down but failed last 2 days, so it's time for the bulls to rise?
in January there was the support line broken, which was after a resistance which did not break til 7.2, so after the blue support line on 16th was broken the trend changed:
it also could be interpretated as tripple (or 4times) top
for me these are 2 different situations...
i see a rise to 12 possible, triangle breakout will tell...
* Wishes these screenshots included actual date that graphs are showing instead of current date. *
The pattern is similar, how it's achieved is quite different. In January everyone was buying in a relief after crashing to $2s, it was sort of panic buying all the way to $7.2s something similar to what's been happening past summer's 'bubble'. This summer is steady confident growth, there is no market panic or euphoria (disregarding breaking psychologically solid barrier of $10).
In January 40-50k BTC walls were effective and just their presence moved market back to $4 and kept around $5. This time around walls stopped being effective, they were taken down one by one, and even attempt to crash the market from $9.5 to $7.5 few weeks ago in hope to bring it lower or keep it at $7s wasn't that successful, after two weeks delay market was back on track.
The pattern is similar, how it's achieved is quite different. In January everyone was buying in a relief after crashing to $2s, it was sort of panic buying all the way to $7.2s something similar to what's been happening past summer's 'bubble'. This summer is steady confident growth, there is no market panic or euphoria (disregarding breaking psychologically solid barrier of $10).
In January 40-50k BTC walls were effective and just their presence moved market back to $4 and kept around $5. This time around walls stopped being effective, they were taken down one by one, and even attempt to crash the market from $9.5 to $7.5 few weeks ago in hope to bring it lower or keep it at $7s wasn't that successful, after two weeks delay market was back on track.
August 2012:
January 2012:
Imgur gallery for back/forth comparison.
Spot the difference? Looks the same to me.
January 2012:
Imgur gallery for back/forth comparison.
Spot the difference? Looks the same to me.
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