I do not like this bounce. It is again based off trading on btcChina. And this time there weren't even large walls and buying on gox like last time.

I am not comfortable with any recovery that follows action on btcchina.

choo choo to the moon

So are we back in the hands of gox now? Am I looking for 4,000BTC walls and whale buys?

"single digits by friday"

After all these insults against bears...

500btc bid popped up on btcchina on bitcoinwisdom and put some brakes on the chaos.

What the hell? China is 10% lower from the low of last night while all the other exchanges drop to 1% HIGHER than the low of last night.

I think the stagnation is due to that the 'bubble pop' was news-induced and premature. The chart wasn't really in the bubbling phase yet - It was having corrections and tons of support. Then the news caused everyone to panic sell and capitulate as is a bubble had popped, plus all these Chinese who want to exit the market. Meanwhile, there are still tons of buyers. So in this scenario you have both a large buying force and a large selling force, leading to stagnation. Question is which runs out first.

Gox rescuing the market. Amazing. Have we reached the necessary disconnection from China already?

When you get a good position in bitcoin you're not looking for some 2-10% gain...

No not the EMA - The MACD. So far the macd has been much more reliable at predicting and getting in early on the movements than the ema - and the emas have turned out to be traps. So I'm watching the 4 hour MACD and also the Daily MACD.  

Also, I might sell some if the daily EMAs turn down...

I have a 40% position already. I also have buy orders with the remaining 60% plus margin staggered all throughout 750 to 450. But I don't have to wait for those - there are some TA indicators I'm looking at in which I'll buy if they cross.

Well damn now I'm stuck in a 40% crypto position after that bulltrap but I guess I'm holding.

Or, from a bear's perspective: Can we break 800 already?

Ok who uninstalled the panix module from mtgox.

Excuse me is this the choo choo to the moon or am I on the wrong train?