January 2012 vs August 2012: Any similarities?

[elux]

August 2012:



January 2012:



Imgur gallery for back/forth comparison.

Spot the difference? Looks the same to me.

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[Serge]

* Wishes these screenshots included actual date that graphs are showing instead of current date. *


The pattern is similar, how it's achieved is quite different. In January everyone was buying in a relief after crashing to $2s, it was sort of panic buying all the way to $7.2s something similar to what's been happening past summer's 'bubble'.   This summer is steady confident growth, there is no market panic or euphoria (disregarding breaking psychologically solid barrier of $10).

In January 40-50k BTC walls were effective and just their presence moved market back to $4 and kept around $5.  This time around walls stopped being effective, they were taken down one by one, and even attempt to crash the market from $9.5 to $7.5 few weeks ago in hope to bring it lower or keep it at $7s wasn't that successful, after two weeks delay market was back on track.

[cloon]

we're now building a triangle
whitch is not broken down:
https://bitcointalk.org/index.php?topic=82626.msg1083545#msg1083545
(chart from yesterday)
the bears tried to break it down but failed last 2 days, so it's time for the bulls to rise?

in January there was the support line broken,  which was after a resistance which did not break til 7.2, so after the blue support line on 16th was broken the trend changed:

it also could be interpretated as tripple (or 4times) top

for me these are 2 different situations...

i see a rise to 12 possible, triangle breakout will tell...

[niko]

You can't step into the same river twice.  Better ponder on differences between now and then.

[smoothie]

You can't step into the same river twice.  Better ponder on differences between now and then.

<pondering>

That was then, and this is now.

That's the difference. It's all speculation. So no difference there. 

</pondering>

[Tomatocage]

The both look like proton streams from unlicensed nuclear accelerators.