|
Title: bitcoin price spike due to us dollar falling against asian currency? Post by: critical on October 28, 2011, 12:24:05 PM bitcoin price spike due to us dollar falling against asian currency?
as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect Title: Re: bitcoin price spike due to us dollar falling against asian currency? Post by: zby on October 28, 2011, 12:27:06 PM It's just retracting the 70% of the jump down - just like in all previous cases: http://bitcoincharts.com/charts/chart.png?width=1747&m=mtgoxUSD&k=&r=150&i=Daily&c=0&s=&e=&Prev=&Next=&v=0&cv=0&ps=0&l=1&p=0&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=MACD&i2=&i3=&i4=&SubmitButton=Draw
Title: Re: bitcoin price spike due to us dollar falling against asian currency? Post by: dancupid on October 28, 2011, 12:31:29 PM bitcoin price spike due to us dollar falling against asian currency? as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect Yeah but bitcoin has increased over 50%, which is far above these changes. Bitcoin has broken the long term downward trend (depending how you draw the trend lines) , which has given people confidence again. Title: Re: bitcoin price spike due to us dollar falling against asian currency? Post by: BTCurious on October 28, 2011, 12:53:11 PM For more info on this, see https://bitcointalk.org/index.php?topic=49264.20
Specifically page 2 and onwards, I have drawn the trendlines in a variety of ways, and explained what they indicate. |
