The article's one and only source is a recently emerging and ongoing reddit thread ,and the author makes statements based on his assumption that everything in the thread is factual and complete, and that it is indicative that mtgox is actually reopening withdrawals and sending coins to its customers, which could be false. What is the point of even making an article, or the point of you linking to an article, when you should just link to the reddit thread itself (the one and only source of information)? That way people will see all of the most recent information and be able to make their own conclusions based on the evidence and not based on the article author's thinking process.

A press release to document a reddit thread. Brilliant. And this is how rumors can spread so quickly and be seen as 'facts' and 'press'.

Can someone explain again the dynamics how the price of goxcoin has an exact reflection on the price of bitstamp on a minute to minute basis? I know that the (possible) reenabling of withdrawals on mtgox has implications for each price but the implications should be somewhat different and have a different type of effect on the price a short term basis. They are trading in two different segregated environments with completely different forces and the fluctuations should at least be different.

What frightens me about this particular "bear market" is how consistent it has been on a 4 hour chart. There has been no bulltrap with a 4 hour crossover, as there was during the bear market last year. This leads me to believe that it may even be dropping lower than my earlier projections. I'm really hoping that this is not the case as it is not really in anyone's financial interest here including my own - I'd rather the next rally start sometime this year instead if spending even MORE time holding exchangeUSD and not making any profits. However, I must respect that this might be the case, and adjust my strategy accordingly.

Is it not possible to have an academic and scientific discussion on price trends here without constant harassment and suspicion into my whatever my personal position and agenda are? Honestly I don't care anymore whether I get filled in the 400s. Maybe I will end up having to buy in 500s (or maybe it'll end up being 300s). I would be happy to see bitcoin prices bottom out at whatever that price may be so that I can start using bitcoin as a store of value again rather than holding bitstampUSD, bitfinexUSD, btceUSD, disney dollars, etc. However, I'm not going to pretend like THIS is a good chart to buy into right now.

I wish that instead of just speculating on this matter, that we could all take a proactive role in it. For example, I VOTE for mtgox to just cease trading, return all funds to customers, and shut down and then we can focus all of our energies into building newer solvent and trustworthy exchange systems.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

I suppose you could follow the order books which have a 3 dimensional graph over time like ChartBuddy posts. Then you could speculate about what type of orders will pop up at which levels and when. After all that is what this thread "wall observer" was originally all about.

Oh no sum ting wong with the gox pump again. Who couldve seen that one coming? What's worse is the sheep buying into stamp at 580 just because goxcoin was rallying, with clearly no room on the chart to go past 600 before the next slaughter. not sure whether to feel sorry for them, or not.

Unless gox has devolved into a game that you are playing against Mark which you cannot win. Someone on here said they wouldn't be surprised to see all 32M of bids on the order book filled.

This is interesting. Didn't the central bank of Cyprus just issue an advisory about bitcoin?

nice goxcoin pump. goxcoin to the moon. wow.

I haven't seen anything over 3K anywhere since july 2013. the good old days.

Guys give up you can not beat Mark. He has well over 12,000,000HP.

How about no.

I agree. The "important" trends (my blue ones) have not been broken and probably wont. It is these other green trends which are younger or of lesser significance which the price attempted to follow but failed.

Ah yes I forgot another thing:

The price point where people decide that an x% chance of receiving X amount of btc is more attractive than a y% chance of conducting/winning a lawsuit and receiving Y amount of btc, and people who don't think that a lawsuit is going to work or that they would ever receive USD and have a better chance of receiving BTC, despite what the lawyers say.

You guys are way off. We all know that THIS is a proper bitcoin chart.

There is a very strong source of FUD going around right now and it has nothing to do with bitcoin.

Guys please refer to the post I just made in my thread titled "possible trendlines... " for my reasoning on why $530 will NOT hold and how a major breakdown has just occurred today. Reply there if you have an objection. Thanks.