I posted a while back with some charts that showed a common descending triangle after a large run up and then showed how Bitcoin had followed the same pattern and how Darkcoin was also following it. For anyone interested, here is an update. As you will see below, it is still following it quite nicely and is in the final stage before it breaks through the descending triangle and begins another move up. In my previous post, I mentioned how this pattern historically has ~70% chance of breaking out in the direction of the original move, which in this case is upwards. In my experience, when the pattern gets to this stage without diverging, there is a very low likely hood that it breaks through the descending triangle to the downside.

I know some investors have been upset that the recent developments have not sparked another surge of buying. I also believe (without any substantial evidence) that most people that are upset have also not traded equities, options or forex in any substantial amounts. If this is the case, and the last statement applies to you, I beg you to relax. Good things take time and we do not want to rush this. We want common technical patterns to continue to form in Darkcoin and we do not want massive volatility. This would in fact hinder long term adoption by merchants which is the key to sustained growth, and instead would only attract more short term traders who will perpetuate this cycle.

http://i.imgur.com/mcOh7Hf.png?1