|
Title: The Fifth Leg-up Begins Soon Post by: Alex Thornton on August 03, 2011, 06:21:09 PM http://i1195.photobucket.com/albums/aa387/bituser1/Untitled3.png
Notice that each breakout (diagonal arrows) was preceded by a sudden collapse in the price (vertical arrows) with the exception of the breakdown in October 2010 which occurred after the uptrend started. Brown line is the 50-day moving average. Not shown is one other horizontal consolidation and leg-up in May-July 2010. You can see that on the Bitcoin Market USD/PayPal chart (http://bitcoincharts.com/charts/bcmPPUSD#vzlztgSzm1g10zm2g25). |
