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Bitcoin Forum > Economy > Economics > Speculation > The Fifth Leg-up Begins Soon
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Author Topic: The Fifth Leg-up Begins Soon  (Read 894 times)
Alex Thornton (OP)
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August 03, 2011, 06:21:09 PM
Last edit: August 03, 2011, 06:40:46 PM by Bituser
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http://i1195.photobucket.com/albums/aa387/bituser1/Untitled3.png

Notice that each breakout (diagonal arrows) was preceded by a sudden collapse in the price (vertical arrows) with the exception of the breakdown in October 2010 which occurred after the uptrend started.

Brown line is the 50-day moving average.

Not shown is one other horizontal consolidation and leg-up in May-July 2010. You can see that on the Bitcoin Market USD/PayPal chart.
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