“While the most recent drop may have relieved some short-term pressure, longer-term trends are still indicating outlying conditions. The 30-day moving average daily price change recently climbed above 3%, which has only previously been seen in what most would consider bitcoin’s historic bubbles: Jan 2011, June 2011, Jan 2012, and April 2013. Additionally, bitcoin’s logarithmic exchange rate growth has grown linearly for years as one of the most consistent trends since the currency’s inception and we’re now trending notably above that line, albeit not nearly as far as in April.”
http://thegenesisblock.com/bitcoin-trading-notes-market-momentum-spread-trading/
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
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