Did we already have "mini-bubble" this year?

TradingView

Go PRO

Bitcoin / Dollar (BITSTAMP:BTCUSD)

BITSTAMP:BTCUSD Bitcoin / Dollar

Just a bit of playing with charts, could be quite possible and reasonable, chart dynamics looks very similar to november 2013 bubble. Could this be it?

We just finished falling slalom and now went a bit down. More down coming and then failed push-up following more down?

It's not really a bubble if we don't make an ATH.

MoonTrader

Everyone expects bubble every half year or one year, so there wasn't one in this time so I named it like so - I didn't mean the real bubble.

The downtrend took longer than usual and we broke out of that, so I'm expecting the uptrend to take longer as well. It hasn't even been a full year since the last one yet.

You are the first person I found who came to this conclusion (which I had on Friday, July 25 - but didn't publish so far, because it would be very very sad for Bitcoin and could mean the end of the entire happy multiple year long uptrend).

Sadly you can find multiple indicators who show this. Either we get enough momentum very soon to get another all-time-high, or people are not interested to buy Bitcoin at the current prices and Bitcoin slowly bleeds out (I hope not).

Green scenario and red scenario in one weekly chart with RSI:

How It Works

Features

For the WEB

Widgets

Community

Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise

Tools and Features

GO PRO Stock Screener Forex Signal Finder Economic Calendar AppStore Stock Charting Library Trading Terminal Publishing & Social Tools Education

Support

Status Page Feature Request Help & Wiki FAQ Contacts Terms of Use Risk Warning Privacy Policy Cookies Policy

Trading Ideas

Stocks Forex Futures Indices Bitcoin Elliott Waves Harmonic Patterns Technical Analysis

Made with

From the creators of MultiCharts

Select market data provided by ICE Data services