Tomorrow is the two week mark for Gox USD withdraws isn't it.

You'd have to be retarded to be short-term bearish right now. Weeks of negligible trading volume coupled with long periods of no green candles and any mini-rally that tries to start getting killed by a dump is absolutely not bullish.

Bitcoin needs new money to come to the market. Failing that, $200 will never, ever be seen again, and neither will $150. If it's as bad as it looks right now, $100 won't be seen for a long period of time either.

$79 is the after-the-bubble-retraced-$60-to-$150 low. Looks like it's pretty much an inevitability now.

Mid-low 80s minimum before we see sustained buying pressure again I guess.

$80 will def not be the bottom. $70 might be the bottom for July/August though. I think 60s under current market conditions will just trigger huge monster buys.

Next mini rally will begin when it gets sold off hard into low 80s. If that doesn't trigger bullish momentum then 70s and downhill until BTC gets mainstream hype again.

88 is a 30 day low and we're almost there. No buying pressure at 94-95 is ultra bearish. No buying pressure at 89-91 after a huge dump is also very bearish.

I really would not be surprised to see BTC hit stable 60-70 either this month or August. Unless a lot of new blood comes into the market there's no chance we'll be seeing 150+ again, and the last time a lot of new blood got brought into the market it got raped by whales in their pump and dump scheme.

Long term super bullish is still correct imo, but it's going to take a lot more than the absolutely nothing that is happening with Bitcoin right now to start to reach even the beginning stages of widespread adoption.

Sandwiched between two walls at 104.85~ and 105.01

How amusing

Almost no Gox lag at that ridiculous volume is definitely not how it used to be. You used to get like 30s of trade engine lag for at least 2 minutes every 2k BTC sell off.

I literally just woke up from a nap.

Holy shit what action.

I still think it gets whaled up to like 118-119 tomorrow, stabilizes around 115-116 for a few days and then whaled into 130 and maybe 140 before dumped for the beginning of the month.

I think those consecutive 200B dumps are people holding moderate positions exiting their position because they don't believe in $110+ before a dump to like $104.

I don't believe in it either, but I think manipulation will have us see 120 "stable" by Friday.

When there's utterly zero volume at 98-101, this is no rally. The only place a rally can come from in this no-volume market is from whales manipulating the market with large buy orders. This isn't like it was in March-April-early May where Gox had millions a week being wired to it and the market had natural buying pressure from a large variety of players. Most of the newcomers lost their shirts to the whales buying at 200+ during the bubble and 150+ in the ripple immediately after.

As speculators, people should be thinking about how to make money from the manipulation without feeding the whales. Thinking that this is a true valuation of BTC is utterly foolish in my opinion.

I have a really hard time believing that wall at 108.50 is real. I fully expect it to be the tactic wherein the wall owner sells BTC to the buys in front of it, pulls it when momentum drops, and then dumps.

There hasn't been any natural momentum to the market above $90 since immediately after the bubble. The last time the price crashed to 79 and eventually rose to 135 it was pushed up entirely by large buy orders appearing from time to time. There is nothing "normal" about this market. Amidst no volume, the price neither drops nor rises until a large player makes a move.

Making money as a speculator revolves around correctly anticipating the manipulation.

A push to 110+, or a wall to sell off at 102+ before a dump?

Friday or Saturday night showed a major buy that spiked price temporarily into mid 103, but market showed no momentum after that and was characterized by sell offs. This was also only a 1k buy.

I would look for considerably more confirmation before having any faith at all in price rising to even 105, let alone surviving 105 without being met by large sells.

Last two times there's been a Gox break it's come back up and market hasn't flinched.

Maybe we'll get a dump this time. No volume is boring.

Public interest in Bitcoin falling off after the bubble is what has actually hurt the price. Whales can't keep it up via manipulation forever, nor is it profitable to their manipulation to do so. Eventually they run out of inventory and need the price to tank to rebuy. Welcome to a market driven almost entirely by speculation. 

Would have bought, but not after you run your auction so badly and then demand 45B min after a page of offers.

Bleh.

Bitcoin isn't really a sinking ship, it's just still overvalued from the bubble. Expecting the price to stabilize from what it was early in the year to $100+ without a large, sustained influx of new buyers is just not realistic.

I think Bitstamp is likely to drop harder than Gox during drops because of shorting via BFX.