Has gox fixed withdrawals? Look at the low gap with stamp.

My natural thought is that when there is sooo much bullishness that the only way to go is down.

Its still possible that the Chinese exchanges are just full of day traders and manipulators. Its not like any of us have been to China (or have you?) and actually  verified that Chinese are buying up and holding large amounts of coins. The charts don't lie though, and the bearish wedge is worrying me.

Have a look at 4h and 1d also...

Yup

I'm not going all in until that breaks upward.

I still see a bearish wedge on gox.

Its meaningless because localbtc is a bartering directory, not an exchange. There are no bids and asks that the price has to go through to reach a certain level. Anyone can trade with anyone else at any price at any time.

Don't coins automatically get dumped at the end of the month by bitfinex or something?

Just that two trends are meeting right now and there should be some action by the next candle - either a breakout or breakdown.

A moment of truth?

Anyone creeped out by this slow low-volume recovery and all the selling?

The latest bitstamp order book:

Arrow? Sure.

I see lots of BTC  entering the books on all markets, continuous selling, and failed recoveries. Perhaps it's all just a panic reaction from market participants but it would make sense if someone decided to capitulate starting near the ATH too.

The volume increase I mentioned occurred weeks ago. It is not in that chart.

False. The actual volume number has gone way up, not just the ratio. One day they were doing 8Kbtc per day on average and then it shot up to 20K-45K per day.

Looks like someone is needing to capitulate some serious coin but there was no support to do it at higher levels. (the entire rally was actually contingent on nobody selling). So we have entered a multi-phase "btc-rocket" as I would lovingly call it because it increases my btc.  

Phase 1: Flashcrash.
Phase 2: Slow and steady dump on low volume.
Phase 3: Slow and steady dump on real volume. You see 5K dumps now.
Possibly a phase 4 of final capitulation at high volume.

It ends when you seea high volume day of consisteny huge blocks/walls/buys of support at one level. It's not just going to creep up into a reversal on low volume like we are all hoping last night. (I must admit it was a moment of truth even for me, with both my buy and sell buttons engaged).

So... up into a 2011 style bubble?