Firstly, the power of your tests is lacking... we saw a "double-top" down in the 40s, we saw stochastics screaming overbought, etc, etc, etc.
On the subject of resistance: We failed to punch through on a Sunday! Oh no! The rate is falling on light volume in the 1hr chart, which is hardly a strong sell signal. Well, tomorrow the cavalry arrives, and we'll see whether we "fail to punch through" with a few million dollars more in rocket fuel
Does your point about Bitcoin adoption have any solid numbers behind it? I can tell you that gox is flooded with new users, coinbase is flooded with new users, and blockchain.info is flooded with new users. What do you have to show for your assertion that the user base has not even doubled?
And fundamentally, one question needs to be asked. Can we really compare Bitcoin to bullshit companies that fueled the .com bubble, or useless tulips? What I see is not a tulip, but a revolutionary technology.
On the subject of resistance: We failed to punch through on a Sunday! Oh no! The rate is falling on light volume in the 1hr chart, which is hardly a strong sell signal. Well, tomorrow the cavalry arrives, and we'll see whether we "fail to punch through" with a few million dollars more in rocket fuel
Does your point about Bitcoin adoption have any solid numbers behind it? I can tell you that gox is flooded with new users, coinbase is flooded with new users, and blockchain.info is flooded with new users. What do you have to show for your assertion that the user base has not even doubled?
And fundamentally, one question needs to be asked. Can we really compare Bitcoin to bullshit companies that fueled the .com bubble, or useless tulips? What I see is not a tulip, but a revolutionary technology.