Post
Topic
Board Speculation
Re: [charts] Completely different TA than ANY other btc reversal in history
by
Miz4r
on 27/02/2014, 01:21:38 UTC
The current recovery is completely unlike any other btc recovery in history.

1. The stochastic RSI was never down and is on the moon instead, appearing to give a SELL signal rather than a buy signal. In every other recovery, stochastic RSI is very low and then works its way upwards into the breakout.
2. It has a 55% trading range when every other recovery has a 20% trading range. There is this hammer candle with a complete abandonment of the previous lows in 400-550. Every other recovery has gone down to retest the lows.
3. It has spent 2 days trading before breakout when every other recovery  has spent at least a week.

Thoughts?

Perhaps the entire MtGox fiasco has distorted the charts and the usual indicators? It is a rather unique situation we're in right now, kinda like the Silk Road crash and its recovery.