After this () I had a lot of request about the same graph on Bitstamp. So here we are, and the question is still the same: is this the bottom, or not?
This is a logaritmic graph of the BTC price since april 2013. Since the all time high in december 2013, we have switched belt in the upper direction two times: 1) In january 2014 (the recoil on the dump after the pump to 1000 USD) 2) On the run in may from 400 to 600 dollars We have also moved into a lower belt 9 times. Is this the bottom, or will we go lower again?
The only market who is not alligned with these ones is RUR. Volume is coming back after the summer, and a major move is due. I'm interested in the crowd opinion on this one: long or short?