ninjabenja
Long

Bubble Theory: Captain Obvious says...

BITSTAMP:BTCUSD   Bitcoin / Dollar
1351 1 13
"...Bubbles start- with a circle"

I underestimated how much attention this chart would get in just two days with 1008 views to date. Thought I should give at bit of explanation to make it less flippant. Someone in the chatbox mentioned the "235 day bubble cycle" which I'd never heard of. In fact, I'd never done any analysis of the entire daily chart , but that conversation got me thinking that I should. What I discovered is that (so far) the duration of subsequent bubbles have added approximately 40 days to their length with each iteration. 37 additional days for the second bubble, 40 days for the third... and here we are anticipating the fourth. If we take the durration of the previous bubble and give it 40 days that lands us on the launching pad 8/9/14.

The quip about bubbles starting with a circle is a nod to the RMI indicator. Each instance (save for the first) has shown a short sustained fakeout momentum cross above 80 (small green hump), followed by the real deal bubble (elongated green hump). Each "real deal" cross on the RMI is circled. It's worth noting that this was also preceded by a sharp dip... which we're watching for now. You'll notice there's a circle at the end there waiting for a bubble to fill it.



ChartArt
2 years ago
I also found many signals in my own charts analysis that we are already in the beginning of the new bubble. There are so many different indicators that show this when you look at multiple week trends.

Most people don't see this, so they will get caught off guard by the quick rise and panic buy. I estimate we are only 1-8 weeks away from the price to increase a lot.
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