Rally Indicators

[freedomno1]

Last seven days have seen a price appreciation of 10% could this be the beginning of a second rally or rebuild up to 160
Discuss
http://www.bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv

[Zaih]

None of this rally stuff, just slow and steady folks.. Just slow and steady

but yeh I agree, we're going to see an upward trend occurring from here onwards, it's fairly obvious.

Stock up fella's, stock up.

[freedomno1]

At the same time the similarity to one of my old charts scares the crap out of me
http://www.bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
http://www.munknee.com/2013/01/past-bubble-movements-suggests-a-parabolic-peak-price-of-9000-for-gold-250-for-silver-is-not-unreasonable-take-a-look/

[mvidetto]

Anyone notice the 16k volume during that $5 drop?  Obviously the trend is upward though.

[freedomno1]

Maybe it's an attempt at a reversal or someone is dumping a bit on gox to see if the other markets react in time to arbitrage

[BitSmile]

At the same time the similarity to one of my old charts scares the crap out of me
http://www.bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
http://www.munknee.com/2013/01/past-bubble-movements-suggests-a-parabolic-peak-price-of-9000-for-gold-250-for-silver-is-not-unreasonable-take-a-look/

I don't think you can compare the two, bitcoin is different.
Waiting for that 9000$ gold eagerly. Also silver 
My only problem with holding a lot of bitcoins is that they're a new thing, not like silver and gold that you really know can only be up uP UP. Nevertheless, my bet is that bitcoin will surpass gold. But not a huge bet, only a 50 btc bet 

[freedomno1]

At the same time the similarity to one of my old charts scares the crap out of me
http://www.bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
http://www.munknee.com/2013/01/past-bubble-movements-suggests-a-parabolic-peak-price-of-9000-for-gold-250-for-silver-is-not-unreasonable-take-a-look/

I don't think you can compare the two, bitcoin is different.
Waiting for that 9000$ gold eagerly. Also silver 
My only problem with holding a lot of bitcoins is that they're a new thing, not like silver and gold that you really know can only be up uP UP. Nevertheless, my bet is that bitcoin will surpass gold. But not a huge bet, only a 50 btc bet 

Was comparing the parabolic bubbles to silver the chart was nearly identical to the current bitcoin crash
Kind of like seeing a virus signature variant of a similar type when looking at the charts.
Enough to go hmmm that crash looks similar but what happens next for silver was flat for a while with bitcoin what will happen.
That said I agree that comparing the two is different but comparing the parabolic bubble effect is the same.

[marvinrouge]

The best rally indicator is the 29 crash  

(well.. almost)

[freedomno1]

The best rally indicator is the 29 crash  

(well.. almost)



http://hpics.li/a6b389d

Ha-ha Nice one
Yes This is nearly technical analysis on charts but the patterns are scary XD

[marvinrouge]

Thanks

[amencon]

The best rally indicator is the 29 crash  

(well.. almost)

Haha who would be frowning and demanding their money back for a ~15% gain in 15-20 days?  Some difficult investors to please right there.

[freedomno1]

The best rally indicator is the 29 crash  

(well.. almost)

Haha who would be frowning and demanding their money back for a ~15% gain in 15-20 days?  Some difficult investors to please right there.

Ha-ha true enough but in 60 days it did what took the DJIA 30 years XD
Lol less that second up maybe another 30 days XD

[amencon]

The best rally indicator is the 29 crash  

(well.. almost)

Haha who would be frowning and demanding their money back for a ~15% gain in 15-20 days?  Some difficult investors to please right there.

Ha-ha true enough but in 60 days it did what took the DJIA 30 years XD
Lol less that second up maybe another 30 days XD

Heh true, I'll be waiting and watching as always.  Still think it'll be a bit before real confidence comes back though.

[freedomno1]

I agree with you there more investment's looking through the thread though so still growing
That history doesn't lie its been through worse than this for sure

[ManBearPig]

I'll be lazy here:

>1.8% daily growth = spike, unsustainable.

<= 1.8% daily growth = sustainable, hold!

[freedomno1]

I'll be lazy here:

>1.8% daily growth = spike, unsustainable.

<= 1.8% daily growth = sustainable, hold!

With bit though seems to all occur in a big rush then its spent   
Till it comes back later xd