ChartArt

Bitcoin is the Honey Badger of Money (Bitcoin Price History)

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
On this (especially by journalists) almost forgotten chart you can see the extreme price swings Bitcoin went through. Interestingly the very first major price swing finally found support ending a correction phase in the middle of November (and we currently have November, 7th, 2014). This could mean everything and nothing to the pattern repeating Bitcoin price.

P.S. If you zoom out to 2014, you will find a interesting date in the near-future. I'm going to publish a separate chart about this date soon.
sammantic
2 years ago
Hey I zoomed out to November 20th and it says US Dollar. Can you explain this further? Do you see USD peaking here?
Reply
ChartArt sammantic
2 years ago
This should mean: unknown price of Bitcoin that very day in US Dollar.
+1 Reply
ChartArt sammantic
2 years ago
We know now what happened at my easter egg date of November 20, 2014 calculated based on old MtGox price data. November 20, 2014 was a larger correction one day before the pivot point low of $342 of November 21, 2014. This low started a rally to the pivot point high of $395.
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ChartArt
2 years ago
So November 16, 2011 was a interesting turning point as shown above. And here is what happened on November 17, 2013 as shown below:

snapshot
+1 Reply
sammantic ChartArt
2 years ago
Yes seasonality is coming into play. In fact I wrote an article here is the link and mention this topic: http://cointelegraph.com/news/112869/intermarket-analysis-japan-gold-and-bitcoin.
+2 Reply
sammantic sammantic
2 years ago
I will also add based on the article I wrote the strong positive correlation with Gold and if you look at the chart gold seems to have found a bottom
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user100000
2 years ago
i tried to follow wat you wrote but i couldn't understand what you're trying to say
Reply
ChartArt user100000
2 years ago
What I'm trying to say here is that the first swing low after the first extreme mainstream Bitcoin rally in early 2011 happened on November 16, 2011.

So there is a higher probability that the next turning point for the Bitcoin price direction could happen around November 16, 2014 (which is a Sunday).
Reply
user100000 ChartArt
2 years ago
understood! thanks
Reply
ChartArt
2 years ago
At least we know now what happened at my easter egg date of November 20, 2014 calculated based on old MtGox price data. November 20, 2014 was a larger correction one day before the pivot point low of $342 of November 21, 2014.
+1 Reply
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