I definitely see the pattern but , will it continue , who knows. I would not base my trading based on this. But its rly interesting.
Lets just hope this rly gets true. Well done for this great graph.
Thanks - I can keep updating it if anyone is interested.
TERA seems to think we will not see a July run-up... good news is we will know either way within a month's time.
The rise of 2013 was much higher than the rise of 2012. Some people keep speaking of the obvious "line" on the log chart. However I am having trouble finding this line and in fact I can draw several lines which would allow btc to go much lower than it is now before going up again. I have plotted a couple for reference.
The low volume and the lack of significant bid depth on mtgox that continues to fail to fill in above 125 seems to confirm my suspicion that it isn't ready to go higher at this point. I think this ordeal with the bid depth was an inflection point for this Jul-Aug rally.
The low volume and the lack of significant bid depth on mtgox that continues to fail to fill in above 125 seems to confirm my suspicion that it isn't ready to go higher at this point. I think this ordeal with the bid depth was an inflection point for this Jul-Aug rally.
My new view of the market:
I wouldn't be suprised to see flat for an entire year.
TERA needs to take anti-depressants.I wouldn't be suprised to see flat for an entire year.