Vatis

BITCOIN IS NOT A BUBBLE

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I was wondering, and I am sure that you were too, whether this is the end of bitcoin             or not. Hopefully, the bitcoin             economy grew massively during last year. I am sure, that this is the one and only factor which blocked bitcoin             from falling apart.

Have a look at the chart. Isn't it a beautiful, regular structure? Is it similar to the bubble? http://www.blue-point-trading.com/wp-content/uploads/2013/04/bubble-stages.gif

A year ago it could have been a bubble. For now we know, that the retracement is a regular decending channel.

Related Ideas

bullflaging ;)
Reply
Nice! That's what I've been thinking. If it was truly a bubble, then we would have experienced much worse. The fact that we're still above $200 is a sign that this isn't a bubble doomed to failure.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out