ItisCalvin

Shooting For The Moon

BITSTAMP:BTCUSD   Bitcoin / Dollar
While no one can really know where anything is going in life it is always great to share ideas. With that in mind when I originally made this chart I looked at how past history may be driving us forward. It is hard to tell what may happen with so little time but we could be in for another bubble. There is and always has been greed in the market. Those who don't believe so are only blinding themselves to the possibilities that trading such market has.

I was actually quite surprised to see how this chart had played on when I first made it. This was back when I didn't have much of a handle on TV so everything was much worse and all over. At some point I'll have to look at the chat history on CCN. When I was chatting over there I kept thinking about how Bitcoin looks as if it was in some BIG mark up phase. If you were to smooth out the bubbles more you could see that as we have gone down each time it never goes 100% back down. Which lead me to believe there was a much bigger parabolic movement happening. I haven't once seen a bubble top be less than the last so for now all things are looking up.

The linked charts in order: First one was suppose to be based on the log chart where movements are consistent but missed that. It is actually the one where the same pattern repeats itself which is also a good chart. Second one I wanted to include because it at least showed accurate first prediction, but it disregards anything about the longer term valid bull trend. Interesting to see but... Third chart is the original if you would like to check it out.

Blog post with little bit different info if interested: http://www.allbitcointa.cu.cc/2014/05/potentially-higher-parabolic-move-to-go.html
Actually now that I think about it I think the magnet tool was on and I couldn't figure out why the bubbles kept wanting to stick. Hit it by accident.
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