Quote from an economics textbook 50 years from now:
Much of what we know about Bitcoin's early economy, beyond historical price data, comes from a forum thread titled "Wall Observer" which preserved important orderbook states.
I'm guessing Sunday will be even more boring?
I was amazed that people I knew were casually talking about bitcoins yesterday.
Either bitcoin is becoming more popular or they are a bunch of drug dealers.
All the people I know who I told about it at $5 are now talking about it. "How much money did you lose in the bubble popping?" Less than I made in the run-up...
So we nearly tested 150... are we going to nearly test 100 now?
A stable sine wave of about 20USD of amplitude and about 15 minutes of wavelength for a few days would be nice...
The Bitcoin market is more polar.
i.e.
Wolfram Alpha isn't being cooperative, what does that looks like?
plot (3*sin(4x^2)^2)^(1/3) from 0 to 3
Drew some lines.
Note the stability & low volume at $125 on 20 April and again at $115 on 8 May. Support line from 20-22 April candle bottoms matches 8-10 May 3 weeks later. Wedge forming with general convergence to the support line. Fair price has been $115 for almost a month; expect to see more volatility after we drop again. Chance of double digit coins appearing within 2 weeks: better-than-even, but after that odds are better-than-even that we'll see significant upward movement.
Drew some lines on the 3-week scale.
What a lackluster breakout. Prepare for panic stability!
If the price stays stable like this, I'll buy some for usage rather than speculation. Unfortunately, many people like me will cause slippage, and the price will go up again! The only solution: a higher price!
My problem with ChartBuddy:
Absolutely illegible as soon as there's any movement at all
Next chart will be zero z rotation. We'll see if that helps.
We'll see. For another great example, try to figure out what happened with the bids @ $110 in ChartBuddy's
latest post.
ChartBuddy was useful for a whole post!
In other news, fiat should be hitting the books tomorrow.
It did break through the support once, but it is mostly reliable, so I think it does have some meaning.
Compare the OBV (orange) with candlewick bottoms (blue):
(Please alert me if the image is not visible)
