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Title: Could the Spring 2013 bubble have really been a bear trap? Post by: spiral_mind on October 22, 2013, 09:40:12 PM http://steadfastfinances.com/blog/wp-content/uploads/2009/11/Psychology-of-bubbles-plotted-by-investor-psychology-vs-value-Dr.-Rodrigue-Hofstra-university1.gif
Looking at the previous bubbles along with this chart I can't help but get a fractal-esque impression. For example go to clarkmoody's bitcoin charts, set each candlestick to w1, then zoom back to 2011 and you get this picture: (This is what happened after the 2011 crash leading up to the bubble (on the right side)) https://i.imgur.com/tG47jP3.jpg That looks remarkably close to where we are now (however the bottom is not as low since we survived a bubble already making people more confident): https://i.imgur.com/i9rBLXT.jpg It looks like a similar pattern is repeating on a shorter scale during each successive bubble. We could very well see >$1000 soon. Title: Re: Could the Spring 2013 bubble have really been a bear trap? Post by: termhn on October 22, 2013, 10:26:03 PM Hmm. Interesting but I'm not sold at all :P
Title: Re: Could the Spring 2013 bubble have really been a bear trap? Post by: ArticMine on October 22, 2013, 10:40:25 PM I would take a look at the "bubble" from September 2010 to February, 2011 followed by a bear trap complete with bearish RSI and MACD on April 3, 2011 http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=&c=1&s=2010-08-30&e=2011-04-03&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=1&i1=MACD&i2=RSI&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-08-30zeg2011-04-03ztgSzm1g10z.
I say a repeat of 2010 / 2011 complete with an even bigger bear trap. |
