My almost daily chart for 19th April 2013: we are back over THAT trendline

[ManBearPig]

Over the 1.8% daily growth one that held for 10 weeks - which is still a mighty fine trend!

[Jaroslaw]

good analist sir

[ManBearPig]

good analist sir

Haha whoever called me an analist was lying

[jubalix]

Over the 1.8% daily growth one that held for 10 weeks - which is still a mighty fine trend!

your theory looks sound, but your graphing software....has issues, the low was 50, your chart does not seem to read that...

[JimiQ84]

your theory looks sound, but you graphing software....has issues, the low was 50, you log chart does not seem to read that...

because those are closing prices

[solex]

Nice chart work MBP,
Can you post a copy of your multi-year version as well?

Have you noticed the technical precision in Bitcoin's oscillations? The April 13th retrace was up to $130 before a new downtrend to $50. Midpoint is $90 which is where it came to rest for over a day before this morning's massive burst of buying. The peak today of $136 and decline to $110 again sees temporary stabilization near $123, a 50% move back. Is this because it is one of the few unmanipulated markets in the world?

[ManBearPig]

Nice chart work MBP,
Can you post a copy of your multi-year version as well?

Have you noticed the technical precision in Bitcoin's oscillations? The April 13th retrace was up to $130 before a new downtrend to $50. Midpoint is $90 which is where it came to rest for over a day before this morning's massive burst of buying. The peak today of $136 and decline to $110 again sees temporary stabilization near $123, a 50% move back. Is this because it is one of the few unmanipulated markets in the world?

Thanks, here's the last one from April 12th 2013:



And yes indeed I have!

[RenegadeMind]

Those are nice charts! Thanks for making them publicly available!

[randrace]

Hey, I like these charts; keep up the good work!

[rograz]

Someone needs to make a chart that shows the daily number of charts posted, I'd follow that chart since it would be a better indicator than anything else!

[bassclef]

Very nicely done.

[solex]

Someone needs to make a chart that shows the daily number of charts posted, I'd follow that chart since it would be a better indicator than anything else!

Please include this chart, which shows where the Bitcoin ship and her motley crew of investors are headed...

[ManBearPig]

Thanks for those who find them useful.

Bears and chart-haters be polite now!

I do try to keep the speculation to a minimum, the rest is just the facts presented nicely I guess.

[arepo]

the problem is, bitcoin traders aren't rational. during high - volatility times like these, there will be huge, unpredictable deviations from the trendline. being above the trendline sometimes means that we have a lot of irrational buying pressure, the kind of which does not peak until it reaches euphoric highs (echo bubble effect). whether or not we have reached such a peak is work for another.

[Kazu]

the problem is, bitcoin traders aren't rational. during high - volatility times like these, there will be huge, unpredictable deviations from the trendline. being above the trendline sometimes means that we have a lot of irrational buying pressure, the kind of which does not peak until it reaches euphoric highs (echo bubble effect). whether or not we have reached such a peak is work for another.

In the long run, however, this will not matter. While there will be random irrational peaks and canyons (which caused me to lose 0.8 BTC in a bet -_- ) the overall trend is as portrayed in this thing.

[ManBearPig]

Enough chaotic individuals become predictable when present en-masse. Whether random-number generators or people.

Though of course true randomness is a myth.

I'm a firm believer in the wisdom of crowds too. Well, wisdom as in information if not at least common sense...