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Title: Magic weekly weighted price line Post by: nimnul on February 24, 2013, 01:41:14 PM http://bitcoincharts.com/charts/mtgoxUSD#rg60zigWeeklyzczsg2013-01-23zeg2013-02-14ztgMzm1g10zm2g25zl
Actual deviation from straight line is only 3.6% Week Actual Model Delta -2 13,88 13,22 -4,8% -1 14,84 15,04 1,4% 0 17,12 17,12 0,0% 1 19,56 19,48 -0,4% 2 21,41 22,17 3,6% 3 25,31 25,23 -0,3% 4 28,51 28,71 0,7% Title: Re: Magic weekly weighted price line Post by: Wekkel on February 24, 2013, 02:14:43 PM So its about $3 increase each week until the CrasH :-*
Title: Re: Magic weekly weighted price line Post by: nimnul on February 24, 2013, 02:25:48 PM It's not. Price actually has been multiplied by 1,138 every week for last 7 weeks. So I expect 34, 39, 44, 50, 58, 66, 75, 85, 98 until the crash. $100 is just 9 weeks away if the growth continues.
Title: Re: Magic weekly weighted price line Post by: niko on February 24, 2013, 03:05:48 PM Slightly bigger picture:
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigWeeklyzczsg2013-01-01zeg2013-02-28ztgMzm1g10zm2g25zl Look, there was a straight line for a moment there! P.S. a rather educational short story: http://discordia.loveshade.org/ek-sen-trik-kuh/mythstar.html Title: Re: Magic weekly weighted price line Post by: nimnul on February 24, 2013, 03:14:55 PM > Look, there was a straight line for a moment there!
Actually it's not. The last week is not complete. And the first weeks are before the start of the rally. http://bitcoincharts.com/charts/mtgoxUSD#rg60zigWeeklyzczsg2013-01-09zeg2013-02-14ztgMzm1g10zm2g25zl All this data are included in the table in my post, calculations say the deviation is still small. And I didn't say anything about the processes behind the data - I only showed you the data, that's it. I know that technical analysis is not well-grounded at best, http://www.scientificamerican.com/article.cfm?id=patternicity-finding-meaningful-patterns etc. |