Just an observation
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and after Mt'Gox
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There are some nice colored dot's you can see .. ignore them ..
I am too lazy to figure out how to hide them in "my idea"
I am too lazy to figure out how to hide them in "my idea"
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Did we just make a double bottom with 30hrs between them ?!
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.. make that a tripple 30hrs and 5hrs apart.
"somebody clearly doesn't want to sell under 3700"
"somebody clearly doesn't want to sell under 3700"
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oh and btw, we are now at about 81% retrace ..
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I keep looking at it, wondering, why does it seem to decelerate? Every new bullrun is a bit flatter than the last. Are we getting near the top of a classic S-curve? ...or is it something far worse?
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I'm having a sneaking suspicion .. and looks like there are others that think the same ..
We will see ... if it falls under 1500 (previous bullrun ATH) we are definitely F**ked. (or my whole theory is wrong .. which is of course impossible)
We will see ... if it falls under 1500 (previous bullrun ATH) we are definitely F**ked. (or my whole theory is wrong .. which is of course impossible)
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Looked at the BitCoinMarket.com data little deeper .. not so sure anymore that that would actually classify as a bullrun (it never did a proper retrace - more like it was only (part of)-leg1 from the next bullrun #2). So we would've just finished #3 instead of #4 ...
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About 83.5% retrace and volume picking up. Very nice.
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84.12% retrace
