Gox Daily USD Log Chart with Timeframes (Projected into 2014) Long

Bitcoin / U.S. DollarMt.Gox

Description

⋅ Dec 30, 2013 8:20 AM

Repeated the pattern going forwards.

Will be interesting to see how accurate this proves.

This is my effort towards solving "the Mystery Chart" posted on BTC Talk:
bitcointalk.org/index.php?topic=279852.0

That thread also suggests a cyclical nature to Bitcoin. I have no idea what indicator(s) he's using though.

Comments

kordless

⋅ Jan 3, 2014 7:46 PM

I'm thinking these are due to power spikes, where power == hash rate. Hash rates appear to be driving the spikes in price.

eggran

⋅ Dec 31, 2013 9:44 AM

good stuff. been very interested on that "mystery chart." thanks for your take on it

flibbr

⋅ Dec 30, 2013 4:42 PM

Great thinking.