Noticed something with charts

[9kv]

I feel like someone should have noticed this already, but I'll post it again because I don't know what to search for to make sure there is no duplicate.



Doesn't the first little "bump" in April 13 look exactly like the large "bump" in Jan 14?
If it follows this same path which might happen we could have found a pattern here. If it follows this same path it would be wisest to buy now.

[Ektra]

The similarity is quite well known. Believing that chart (and assuming we were past the low point) is part of what helped keep the price at $600+ so long, you're the first person I've seen post it in a while though 

[RonPaulBTC]

Yeah this has been mentioned already. My bet is on a mega long period of time of price around 300, then a big big rally towards 2000.

[hector3115]

They look indentical.  It looks to me as if we correlate to the mid July part of 2013.  If you look back at the message boards of all the bitcoin crashes, you have so many doubters and people giving up.

Bitcoin is the honeybadger of money people, STAY STRONG!!!!!!

[Chef Ramsay]

Yeah this has been mentioned already. My bet is on a mega long period of time of price around 300, then a big big rally towards 2000.

Depending how long this "gestation period" for cheap coins is, the more nastier the upside could be. For instance, you could have an incremental uptick in the price over the next six months which may not even get us back to $1k. We could have a teetering around this level for the next ~six months and then the bulls take a few swings and we could go into the mid four digits. Or and considering that a much larger portion of humans on earth have access to atms or exchanges of some sort which inevitably will prime the next round of panic buying to unfathomable levels meaning that when the bulls unleash their fury, the next wave could easily climb into five digit territory. Buy and

[exocytosis]

Keep in mind that every previous bubble was created by Gox bots.

[cp1]

They're totally similar, you can clearly see that it goes up and then down.  Time to buy!

[karolina]

Keep in mind that every previous bubble was created by Gox bots.

Huboi and OK Coin are working on the Wirry bot.

[kolloh]

We can only hope that the past will repeat itself and another rally will come up soon.

[azguard]

We can only hope that the past will repeat itself and another rally will come up soon.

Past always repeat it self.
But in chart its always something similar or looks the same.

We will see if chart are ok then this is the time for some pumping and jumping.

[CUNÉGONDE]

do you sure it's wise to buy bitcoin now?

[medUSA]

Shape may look similar, timescale is different. So this time round, we may be facing a lot more bumps at current low price level.

[magicmexican]

I am not sure there is enough "sample size" to determine any kind of pattern here tbh

[devphp]

If this pattern is any guide, there is about 9-12 months to go before the next leg up begins.

[Jybrael]

Nice catch there mate. I hope that the next leg up comes after that long wait we are looking forward to then. Hope to see a four digit atleast if not a five digit like someone mentioned :-P

[Hyena]

Acid makes you see patterns/connections that you would never normally notice. Has anyone tried to analyse the bitcoin charts under a heavy dose of LSD? I'd be interested to review the scientific output of such an experiment.

[vlad12]

Exactly when people notice a pattern, is when the pattern changes.

[spazzdla]

Exactly when people notice a pattern, is when the pattern changes.

This has happened 4 times.. people were commenting on the pattern after the second time.

[cbeast]

If this pattern is any guide, there is about 9-12 months to go before the next leg up begins.

Considering the block reward halves soon after that, it's an obvious guess.

[devphp]

If this pattern is any guide, there is about 9-12 months to go before the next leg up begins.

Considering the block reward halves soon after that, it's an obvious guess.

I thought it was scheduled in ~21 months?