click to enlargifyI couldn't find any charts that showed the price action with gox first then stamp so I put together this composite. It's hand scaled so might be out by the odd pixel. Gox is greyed behind, Bitstamp is in front in colour.
There was that clear range that gox had been trending in, coincidentally, that held even whilst they were imploding.
You can see the initial gox premium, and how it pretty much disappeared overnight at the end of January, than as everyone is familiar with by now the huge divergence.
If we use the trading range initially defined by the gox price, and consider stamp going forward, seems there is still room for a move to just under $100.
However since then people have suggested a more optimistic trading range, something like the one in purple, which has held so far as stamp is concerned. This would suggest the bottom is either in, or is coming soon.
I don't really have an opinion on this, thought it was an interesting recap of where we've been. I've bought a little back on stamp recently. I took a punt on gox, which looks a bit shaky at the moment to say the least. Just HODLing as usual. The longer the price holds up on stamp et-al the more it feels like this bear market is going to blow over as it has done before.
That's not to say we'll ever get another of the crazy run-ups, but if that (purple) trading range holds, then really who needs it!!!
