Magic weekly weighted price line

[nimnul]

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%

[1714822082]

1714822082

[Wekkel]

So its about $3 increase each week until the CrasH 

[nimnul]

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.

[niko]

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

[nimnul]

> 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.