Topic: What If I Told You ... We've Already Surpassed The April ATH (Read 1282 times)
Bullish, indeed.
Just as a reminder:
We've reached a new all-time highest median daily price...
mtgox
previous: 213 (09.04.2013)
now: 228 (today, so it can still go up or down :D)
bitstamp
previous: 199
now: 216
That's all.
We've reached a new all-time highest median daily price...
mtgox
previous: 213 (09.04.2013)
now: 228 (today, so it can still go up or down :D)
bitstamp
previous: 199
now: 216
That's all.
It's true that current situation is not like April. Back then the price rose very quickly, but then crashed really hard, and started to recover only recently. Now, we did reach similar levels, and though there was a small sell-off on the way, we quickly recovered and it seems it will go up even more from here. This will certainly be interesting to watch 
Don't take the following too serious.
On the other hand, don't dismiss it entirely either.
Among the TA crowd there's an unhealthy (IMO) obsession with "exact" prices at which trades execute, hence: candles being the preferred view of the price. In my personal (and I admit: very limited) experience, applying some low-level smoothing is useful to get a clearer view of short term trends.
I'm not talking about the broad strokes you get when you look at the SMA100 or MACD, but the much more granular view of the price you get by looking at the median, or alternatively VWAP, on a short enough time scale.
With that in mind, one could say (me! me!) we've reached April's ATH again on October 23rd, and are currently only slightly below this point:
On the other hand, don't dismiss it entirely either.
Among the TA crowd there's an unhealthy (IMO) obsession with "exact" prices at which trades execute, hence: candles being the preferred view of the price. In my personal (and I admit: very limited) experience, applying some low-level smoothing is useful to get a clearer view of short term trends.
I'm not talking about the broad strokes you get when you look at the SMA100 or MACD, but the much more granular view of the price you get by looking at the median, or alternatively VWAP, on a short enough time scale.
With that in mind, one could say (me! me!) we've reached April's ATH again on October 23rd, and are currently only slightly below this point:
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