Topic: Lets see if you can read a simple graph. - page 3. (Read 4677 times)
The 2011 and 2013 crashes were part of the "takeoff" fractal. The "first selloff" and "bear trap" are coming but from much higher levels.
I see everything from take off to fear, but then instead of following the plan to capitulation, it moved back up again!
I assume you are saying that this move up is the "return to normal" (i.e. lets forget about the last 2 rises because it doesn't fit my chart), if so we are in for quite a fall!
I don't really believe in technical analysis too much, it seems excellent for looking back at what has happened, but a poor predictor of what will happen.
I assume you are saying that this move up is the "return to normal" (i.e. lets forget about the last 2 rises because it doesn't fit my chart), if so we are in for quite a fall!
I don't really believe in technical analysis too much, it seems excellent for looking back at what has happened, but a poor predictor of what will happen.
This stock bubble went from 50 to 200 in 1+ years. Let's see if you can scroll it forward in time:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1241208000000&chddm=282203&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=FSAvUqiYOZiWlwPILA
Seriously, plenty of growth looks like a bubble when you are in it. And there are key differences between your canonical bubble and bitcoin's last year. For example, dropping to 20% of the ATH twice, while the bubble graph is showing maybe just a 20% retracement before "return to normal". Second, the return to normal happens much sooner relative to the duration of the run-up. And we DID return... a week or so after the fall.
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1241208000000&chddm=282203&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=FSAvUqiYOZiWlwPILA
Seriously, plenty of growth looks like a bubble when you are in it. And there are key differences between your canonical bubble and bitcoin's last year. For example, dropping to 20% of the ATH twice, while the bubble graph is showing maybe just a 20% retracement before "return to normal". Second, the return to normal happens much sooner relative to the duration of the run-up. And we DID return... a week or so after the fall.
It cannot be Return to normal as the graph would end up in negative value ^^
Also I don't think we saw Institutional Investors yet.
Also I don't think we saw Institutional Investors yet.
We're still in the taking off phase if you look at the bigger picture. But there are always fractal patterns visible if you zoom in so you have various patterns within bigger patterns that look similar. But I don't think we'll see capitulation within this smaller time frame though, it will go up and down for a while but the time when bitcoins could be bought below $40-50 are over imo. Too many new people have come in, and too many old people are out who sold somewhere between $15 and $100 and are still in denial waiting for capitulation. We will see THEM capitulate and panic buy back in as we let go of the bubble anxiety and the price starts to rise above $170. 
easy: fiat is in capitulation phase.
else bitcoin will crash again. DAT LOGIC SON
People stopping to buy mining rigs and buying btc directly will cause it to crash??
reading comprehension
else bitcoin will crash again. DAT LOGIC SON
People stopping to buy mining rigs and buying btc directly will cause it to crash??
who gives a fuck really. all that really matters is this: either the price will have to increase for mining to remain profitable, or hardware companies will have to drastically reduce their prices, else bitcoin will crash again. DAT LOGIC SON
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