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Author Topic: The Line of Death  (Read 3580 times)
Muscleminer
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October 12, 2014, 06:35:23 AM
 #21

when it touches the line than will shoot up for good.
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teukon (OP)
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October 12, 2014, 09:07:55 AM
 #22


All of these these trendlines consider the price near the beginning of October 2010 a fundamental anchor.  I don't consider such early price data to be worth much myself.  The effect documented on that thread would be far more pronounced if the price history were worked backwards to February 2010.

Of course, there's nothing absolute about the line I've drawn.  I've simply selected to draw a straight line though the turning point of the 2011 bear-market and the point at the base of the April 2013 bubble.  Both points, marking significant changes in medium-term direction, form the basis for the best guess I have.  I consider June 2012 is a little nice support and April 2011 pure coincidence.
arieq
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October 12, 2014, 09:32:15 AM
 #23

Chart looks about time for another dump, let's see if another large sell comes in

neurotypical
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October 12, 2014, 11:12:40 PM
 #24

when it touches the line than will shoot up for good.

Im pretty certain we will never see double figures, and if we see double figures it will last secons. Im ready to go 50% BTC if it ever goes to double figures but so is a lot of people.
Erdogan
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October 13, 2014, 12:04:08 AM
 #25


Chart from bitcoinaverage.com.

The thing I never like about these charts is they rarely go all the way back to 2010, when it first even had a price.

Right, but you can't, on an exponential axis. Note that there is no 0 on the left axis.
segeln
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October 13, 2014, 06:54:45 PM
 #26

https://bitcointalk.org/index.php?topic=181440.msg9188538#msg9188538
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