Aligned with beginning of run-up, not peak
And it appears the current chart is still in an uptrend, supported by the 100ema (or sma).
Topic: Looks more and more like a 2011 repeat - page 10. (Read 14959 times)
Aligned with beginning of run-up, not peak
And it appears the current chart is still in an uptrend, supported by the 100ema (or sma).
Wow, those two fit nicely!
What's interesting in there are few who are calling Bitcoin dead this time. :-)
BITCOIN IS DEAD !!!
Can we rally now ?
Aligned with beginning of run-up, not peak
So the price will run up to 120 then crash. Got it. Buy now and sell later
That is a good news, it means 2015 it will touch 2000
Does not even mean that it will ever be possible to be > 300 usd.
Aligned with beginning of run-up, not peak
iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse
Its a simple patten overlay and the 2013 price is not shown only the flow pattern. Current price isn't 12 either. Very elementary and simple to understand, but i guess still to technical for some.No it's not too technical. I was trying to tell you this is complete bullshit in a less direct, more subtle manner.
iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse
Its a simple patten overlay and the 2013 price is not shown only the flow pattern. Current price isn't 12 either. Very elementary and simple to understand, but i guess still to technical for some.That's the problem. There is no valid technical explanation for this plot. It is an arbitrary alignment of two different data series. What's the reason you didn't align the beginning of the run up? Let me guess, you tried that but it didn't support your point well enough.
It looks to me more like a repeat of the Aug. 2012 mini-crash.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
Oops, I meant this date range:
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2012-05-10zeg2012-11-09ztgSzm1g10zm2g25
The end of October 2012, at the end of your chart there, was the last time before yesterday that we went below the 100 day SMA. Just an important point in market psychology. Here it is from then until now:
It looks to me more like a repeat of the Aug. 2012 mini-crash.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
I'm seeing a lot of comparison of our current situation to both 2011 and the August 2012 fiasco that was due mostly to PirateAt40's scam ...
The 2011 situation was caused by all-out massacre consisting mostly of rampant hacks and horrid press: Blood flowed through the streets.
August 2012 was not so bloody at all, and I think there is not much blood here either.
So, question is (mostly for bears -- always needing the answer to that "Why?"):
Who's behind the "scam" this time :-D ?
The posting of a picture of a fake (and inaccurately dated) Gox email by notorious BTC-e user "fontas" is an interesting theory...
iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse
Its a simple patten overlay and the 2013 price is not shown only the flow pattern. Current price isn't 12 either. Very elementary and simple to understand, but i guess still to technical for some.
iirc Bitcoin prices weren't negative before May 2013. If they were negative I would have snapped them indefinitely and stored the associated fiat in a warehouse
It looks to me more like a repeat of the Aug. 2012 mini-crash.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
Oops, I meant this date range:
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2012-05-10zeg2012-11-09ztgSzm1g10zm2g25
It looks to me more like a repeat of the Aug. 2012 mini-crash.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-07-15zeg2012-09-02ztgSzm1g10zm2g25zv
Wow, those two fit nicely!
What's interesting in there are few who are calling Bitcoin dead this time. :-)
Wow, those two fit nicely!
What's interesting is that June 2013 is unlike Aug 2011 and there aren't many this time who are calling Bitcoin a failed experiment / dead. :-) [Edited: to put in dates]
Bubbles, bubbles never change.
price will stay over 100 dollars for sure.
price will stay over 10,000 dollars for sure. (time frame 3 1/2 year)
price will stay over 100 dollars for sure.
Where are the true speculators? We have a highly volatile, almost predictable market here.
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