The graph like pattern can be considered a fractal. And so on any given day or moment, we can find the exact same pattern. The last 12 hours looks like this!
So, as the time horizon extends, and the graph gets larger, we shall see the same pattern on an extended scale. say 2660 to 550 stabilizing at 1150, only to move to 22600, etc.
But the patter remains the same, just the scale differs.
my two satoshis.
Maybe...
Maybe in 2011 we saw prices soaring to 30$ and then diminishing to 3$
And in 2013 we saw prices soaring to 260$ and then diminishing to 26$
And in 2015 we shall see prices soaring to 2600$ and then diminishing to 260$...
But now at this junction when someone is holding serious money, say 500,000$ in his hands - isn't it better to wait for lower prices to join in? Much lower prices? Cause you know - if this fractal plan doesn't work... - this is serious money that could be lost...
So better be aware of the evil local sucker's rally - no?
GotBitCoins.