Yes I think you are exactly right. If you look back at a couple of my recent posts you will see I have posted a lot of price cycle graphs. Price tends to follow a similar pattern. The question I guess we have to ask is what stage of the cycle are we currently in?
I would argue we are somewhere near the bear trap phase...
By the "take off/first sell off" seeing mini ups and downs. "New Paradigm" is at least 10 million a bitcoin.
How many times could this chart repeat itself in one stock? We saw this chart the first time bitcoin went to $1 then $100 then $1000. Could this cycle keep repeating?
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Feels more like enthusiasm stage for me. The public is about to enter the picture in a big way and then greed and delusion will follow soon after. Top in at christmas maybe?
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Media Attn. is my guess. But I am not going near it. Good post. Not a Cuban fan. Posting a screencast on todays market action, I discuss a little on the $ and bitcoin amongst other things. Have a good one :)
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