Everyone keeps talking about this "trend line" (im guilty of it too), but what if our trendlines are actually wrong. <snip>
We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.
We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.
Why are you using Mt Gox dip down to 1xx's to formulate your trendline?
Barring a change in the US regulatory framework I think we will grind sideways with moments of volatility before slowly making our way back towards the ATH, at which point all hell will break loose.