Vatis

BITCOIN IS NOT A BUBBLE

BITSTAMP:BTCUSD   Bitcoin / 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
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out