Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
cilphex
on 15/05/2013, 14:58:43 UTC
Quote from: ManBearPig on May 15, 2013, 02:46:35 PM
I was pondering like, as you do, what the continuation of higher lows would look like and I concluded that the obvious next data point would be a bounce off $100. Hey presto, yesterday happened.

It looks a little early though thanks to the weak hands selling the news so I think we'll see a double bottom in the next couple of days. Every day we hold above $100 into May is a point for the bulls I believe:

http://anonymouse.org/cgi-bin/anon-www.cgi/http://anonymouse.org/cgi-bin/anon-www.cgi/http://anonymouse.org/cgi-bin/anon-www.cgi/http://img248.imageshack.us/img248/5324/lgt697cx.png

Linear not log as usual bear in mind.

This is the chart I've been waiting to see. To me, new highs aren't really that important, I mostly have been waiting to see the new bottom.  It's provided us with this third critical data point for growth rate, which gives us a better idea of bitcoin's trajectory.  I like what it shows.