I just made a chart

[ElectricMucus]

Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica  )

[ineededausername]

I don't think we're nearly that euphoric yet.  This rally has a while before it sputters...

[proudhon]

Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica  )

Seems plausible, even likely, to me.  Don't care, though.  I'm too lazy to get all my bitcoins out of offline storage and into the exchanges.  I'll ride it out.

[zby]

Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica  )

Everyone was waiting for a head and shoulders pattern with a finger on the sell button, many did not wait, but it still is above the neckline.

[humanitee]

I think Bitcoin is holding pretty damn well coming out of a weekend. No dip really.

I don't believe your chart. This week will be interesting.

[the joint]

This chart is garbage.

Seriously?   A buck-fifty "new paradigm?"  Since when does that constitute any type of bubble?   20% over a period of 8 weeks?  We used to see 20% shifts over a period of 24-hours on a regular basis, and not once did anyone suggest any sort of a bubble.

June was a bubble.  A few hundred percent is a bubble.  Not 20%, and not over a period of 8 weeks when you're approaching the reward halving.

Try extending the charts back 14 months and see how it fits.

Volatility is simply decreasing.  In fact, volatility has been much lower for pretty much the entire span of your chart, and that's why 20% looks out of the ordinary.  Your chart is downright autistic.

Edit:  But it is pretty

[Bigpiggy01]

Of course this could be the bear trap of a much larger bubble, but anyway I'm not trollin. Sold my bitcoins (what's left of them after bitcoinica   )

Fixed that for you so the civilized world can see what's going on as well.

June was a bubble.  A few hundred percent is a bubble.  Not 20%, and not over a period of 8 weeks when you're approaching the reward halving.

Try extending the charts back 14 months and see how it fits.

Volatility is simply decreasing.  In fact, volatility has been much lower for pretty much the entire span of your chart, and that's why 20% looks out of the ordinary.  Your chart is downright autistic.

Edit:  But it is pretty

+1

[cloon]

your analysis is absolutely out of concept... there is no bubble, there was no big media attention, no puplic arriving. the bear trap was at 6/11 not at 5/10
bitcoin is growing and it follows straight the rules of tecnical analysis! trendlines are very exact. (but dont forget the indicators and oscillators;-))

i think the real rocket did not start yet! correction til 6.4 possible. if break we'll test 5.80-5.90
but if we brake 6.80 way is free to break the serious resistance at 7.20.
*just a clue*

the european crisis will go really bad and give Bitcoin a push in acceptance and usage.
BTW: the USA is also bankrupt

[ElectricMucus]

nice chart. lets wait and see if we don't break 7 tomorrow it's even less worth than mine.

the european crisis will go really bad

yes

and give Bitcoin a push in acceptance and usage.

even at the worst times that hasn't affected BTC whatsoever.

BTW: the USA is also bankrupt

they have been for over a decade.

[Raoul Duke]

I can see it so much better now, without the damn scroll bar and with a link to the full size image

[proudhon]

I can see it so much better now, without the damn scroll bar and with a link to the full size image

Stop being lazy and go get one of these.  Sheesh.

[Raoul Duke]

Stop being lazy and go get one of these.  Sheesh.

That wouldn't solve my problem as I use the Blackbox theme, which is a fixed width theme

Also, I despise desktop computers as they consume too much electricity. I only have laptops.
The closest I have to a desktop are the servers, but those are hosted at datacenters lol

[cloon]

nice chart. lets wait and see if we don't break 7 tomorrow it's even less worth than mine.

i think $7 should be broken within the next 7 days, if $7 holds we'll build a triangle until we break out of it. (down to 6.40/6.50, up to 6.80)

[cloon]

A Chart of BTC/CNY btcnCNY
looks like a parabolic curve, and we're at the 2nd step
http://www.chartpattern.com/parabolic_curve.html
different currencies like USD,EUR and CNY do correlate


looks also like parabolic curve
A chart of BTC/EUR MtGox

XD

[Spekulatius]

your analysis is absolutely out of concept... there is no bubble, there was no big media attention, no puplic arriving. the bear trap was at 6/11 not at 5/10
bitcoin is growing and it follows straight the rules of tecnical analysis! trendlines are very exact. (but dont forget the indicators and oscillators;-))

i think the real rocket did not start yet! correction til 6.4 possible. if break we'll test 5.80-5.90
but if we brake 6.80 way is free to break the serious resistance at 7.20.
*just a clue*

the european crisis will go really bad and give Bitcoin a push in acceptance and usage.
BTW: the USA is also bankrupt

WHY U DRAW SO MANY LINES!!??? TOO MANY!!
Less lines means better charts, means you focus on what you think is important, IF you know what is. --> Pls show some of your wits, dont hide behind a forest of lines PLS!

[TraderTimm]

I see a decent rise without an exponential blow-off, which was worrying me slightly before we retraced back from the highs near 6.80 - seems to me we're backfilling and being quite orderly about it.

I probably should mention that I've been following/making charts for over 10 years in different trading instruments. Just keep your eye on the 6.80's for breakout potential, though I'd still buy it on a retrace to 6.10

[cloon]

your analysis is absolutely out of concept... there is no bubble, there was no big media attention, no puplic arriving. the bear trap was at 6/11 not at 5/10
bitcoin is growing and it follows straight the rules of tecnical analysis! trendlines are very exact. (but dont forget the indicators and oscillators;-))

i think the real rocket did not start yet! correction til 6.4 possible. if break we'll test 5.80-5.90
but if we brake 6.80 way is free to break the serious resistance at 7.20.
*just a clue*

the european crisis will go really bad and give Bitcoin a push in acceptance and usage.
BTW: the USA is also bankrupt

WHY U DRAW SO MANY LINES!!??? TOO MANY!!
Less lines means better charts, means you focus on what you think is important, IF you know what is. --> Pls show some of your wits, dont hide behind a forest of lines PLS!

what i want with my charts i upload, is to show ppl where are the resistance and support lines and chart formations, not what i think is important. you can choose the importance of the lines by yourself, i do not want to tell you what to do...
i just give you the possibility to do it by yourself, so you dont need to subscribe in a expensive service or install sierrachart
(but never forget indicators and osscillators)

btw here's a new one: https://bitcointalk.org/index.php?topic=82626.msg1045346#msg1045346

[TraderTimm]

Heh, thanks for resurrecting this thread - I can now say "Guess who was right about 6.80's breakout..."

Aww yeah...

[ElectricMucus]

 

[Clipse]

This thread smells of a steaming pile of amateur trader speculation aside from some of the valid remarks that bitcoin would move up.

There was no indication from the start of this thread that bitcoin would crash.