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Title: January 2012 vs August 2012: Any similarities? Post by: elux on August 08, 2012, 02:32:19 PM August 2012:
https://i.imgur.com/iVUG1.png January 2012: https://i.imgur.com/QbBJL.png Imgur gallery for back/forth comparison. (http://imgur.com/QbBJL,iVUG1#0) Spot the difference? Looks the same to me. Title: Re: January 2012 vs August 2012: Any similarities? Post by: Serge on August 08, 2012, 02:58:46 PM * Wishes these screenshots included actual date that graphs are showing instead of current date. *
The pattern is similar, how it's achieved is quite different. In January everyone was buying in a relief after crashing to $2s, it was sort of panic buying all the way to $7.2s something similar to what's been happening past summer's 'bubble'. This summer is steady confident growth, there is no market panic or euphoria (disregarding breaking psychologically solid barrier of $10). In January 40-50k BTC walls were effective and just their presence moved market back to $4 and kept around $5. This time around walls stopped being effective, they were taken down one by one, and even attempt to crash the market from $9.5 to $7.5 few weeks ago in hope to bring it lower or keep it at $7s wasn't that successful, after two weeks delay market was back on track. Title: Re: January 2012 vs August 2012: Any similarities? Post by: cloon on August 08, 2012, 03:13:14 PM we're now building a triangle
whitch is not broken down: https://bitcointalk.org/index.php?topic=82626.msg1083545#msg1083545 (https://bitcointalk.org/index.php?topic=82626.msg1083545#msg1083545) (chart from yesterday) the bears tried to break it down but failed last 2 days, so it's time for the bulls to rise? ;) in January there was the support line broken, which was after a resistance which did not break til 7.2, so after the blue support line on 16th was broken the trend changed: http://image-upload.de/image/ZwKW4w/617fed7261.png it also could be interpretated as tripple (or 4times) top for me these are 2 different situations... i see a rise to 12 possible, triangle breakout will tell... Title: Re: January 2012 vs August 2012: Any similarities? Post by: niko on August 09, 2012, 01:30:23 AM You can't step into the same river twice. Better ponder on differences between now and then.
Title: Re: January 2012 vs August 2012: Any similarities? Post by: smoothie on August 09, 2012, 01:50:22 AM You can't step into the same river twice. Better ponder on differences between now and then. <pondering> That was then, and this is now. That's the difference. It's all speculation. So no difference there. :D </pondering> Title: Re: January 2012 vs August 2012: Any similarities? Post by: Tomatocage on August 09, 2012, 01:57:42 AM The both look like proton streams from unlicensed nuclear accelerators.
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