TraderTimm



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Re: Mt Gox BTC Rates 14.3 HIGH! June 03, 2011, 09:00:46 PM #6 I may be a newbie here, but not to trading. From what I can see on the Mt. Gox charts, it looks like it could consolidate around the 11 - 12 level after a small selloff and still maintain the trend. When plotted on a logarithmic chart, it really has a solid uptrend on a good angle. This is important, because typically exponential 'blowoffs' adhere to a much different pattern, which is more akin to 'bubbles' and 'manias'. I consider bitcoin neither, and will continue to buy outright.

