With so much bear talk in the market at the moment I thought it would be timely to illustrate how recent price movements, when correlated historically against time frames of previous price bubbles, are perhaps more bullish than ever.
It has come to my attention that those viewing this chart on low resolution monitors or mobile devices are not able to see this study across all 3 bubble formations. If this is the case please press the minus button (-) at the bottom of this chart, just above the time line, to zoom out to see all the detail. If this doesn't work, you can also try dragging the chart around with your mouse.
My primary objective with this chart is to display the coincidence on the 2 previous bubbles each having their technical bottom formations at exactly the half way mark between the corresponding bubbles 'Peak' & consequent 'Base Camp' just before starting the parabolic climb that signifies the beginning of the following bubble. When I apply this same formula to study the current bubble formation we are now trading in, I calculate it will be time to leave base camp to begin our long parabolic climb to the next peak on August 20th 2014.
My primary objective with this chart is to display the coincidence on the 2 previous bubbles each having their technical bottom formations at exactly the half way mark between the corresponding bubbles 'Peak' & consequent 'Base Camp' just before starting the parabolic climb that signifies the beginning of the following bubble. When I apply this same formula to study the current bubble formation we are now trading in, I calculate it will be time to leave base camp to begin our long parabolic climb to the next peak on August 20th 2014.
UnknownUnicorn59736
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It has come to my attention that those viewing this chart on low resolution monitors or mobile devices are not able to see this study across all 3 bubble formations. If this is the case please press the minus button (-) at the bottom of this chart, just above the time line, to zoom out to see all the detail. If this doesn't work, you can also try dragging the chart around with your mouse.
Fahrenheit
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Perhaps people forget that not every bitcoin bubble was longer than the one before. We might be in for a good wait. Since the MTGOX charts are not available anymore on TW have a look at this: i.imgur.com/sio5boE.png
I'm not saying this is exactly how it's gonna play out or that there is not a chance for bubble this year... I'm just starting to get tired of these two trendlines on Bitstamp log chart (no offense, I appreciate your input).
Moon, of course but couple of spins around orbit first (and then who knows, Saturn has many moons too:D)
MoonTrader
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Since most long-term positive trend lines were broken awhile ago, this provides a basis for the formation of a new one that lines up perfectly with the upper boundary of the upward channel you drew. Very interesting, indeed. I think the fact that the bears are shouting so loud only strengthens this idea.
HerSerenity
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So, um, long-term support break = instant reversal below old support and formation of a new one? Doesn't make a lot of sense to me tbh. Also the reason bears like me are roaring is probably their shorts before anything else :P (350 BTC from $640 here)