coinomist
Long

Price Ratio Analysis II

BTCE:BTCUSD   Bitcoin / Dollar
1221 3 1
the first price ratio analysis turned out to work very well. let's see if we will reach the next target of around 2000 btceusd this year. fundamentals are still very strong, although i have the impression that the hype around bitcoin is settling down. we are also heading towards christmas, so i bet that a few of bitcoin investors are converting back to fiat. i put 'long' as the market is very volatile, but mid-term is probably more appropriate. finally note that on this chart, the market seem to close positions at a risk/reward ratio around 2.

for details on the mathematical background of this kind of analysis see coinomist.com
so here apparently, mid-term patterns is broken... let's see if it will still make it. when looking at net-volume, we see that this kind of trend analysis cannot be trusted.
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with trusted i mean, that in this specific case, market is changing, and trend is broken, thus trend analysis is not working anymore or has at least to be taken with care.
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Thanks for your thoughts! Nice representation! Like it. And also very clear to see now that all the stock-guys-who-scream-bubble can't miss the fact that with every bubble high ( 3 bubbles already passed) we still make higher highs and when it retraces it makes a higher low. That in my experience is an uptrend :-) and not a bubble who just blasts up and never recovers like the tulips etc.
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