No no no, contain your emotions a bit here and look at the bigger picture. I may be wrong but this looks very much like a bounce (maybe to 82).

Wow, a little bullish...
2k or so bought...

I pretty much agree with Rampions sentiments (and not because that is the trend around here!)

The $50 price is spoken about so often, it is like a meme in the BTC community. If we touch it going down it will be brief as we will bounce hard imo. Much safer to try to get in at 55 or so.
A few huge sellers will probably play into this, so we need to be careful there. I once again may not take part.

I think the 20's are a distinct possibility but agree again, anything under 50 is probably a great price long term. If I buy back in at 50 and we go
to 30 then I can't be greedy but I doubt I do. Best case is to slowly buy in, like I initially did. Better to be a bit safer than sorry. Just by getting out when I did ($106)
I've increased my buying power by over 20% and when all is said and done, I can't complain if I double my position at 50, or triple it at 35 (=106/3). Now that is an increase, be happy and take it.

Trying to call an exact bottom is near impossible and if you are not on Gox you have other worries regarding liquidity.
What is interesting is that Gox is going to have a new trade engine in time for catching the bottom.  
Would be nice if other exchanges follow (buttercoin perhaps)?

Same thing as the other "rallies" - Look at the volume. There was a bit more there but they were sold into at the top. Way too big of a chance to buy in now.

New wall of 3000 up at 80, someone wants this down and has for a while. And 3000 on the ask takes us to 74...

He is still on a protest against Blitz.

The market on Bitstamp is very thin, too dangerous to trade. You almost need a $10 movement to make $6. Too high a premium and just not worth the chance.
Coincidence - As I uploaded the pic, the password on tinypic was "total shamble"! I'll take that as a sign and stay out - Thanks Universe...

Bitstamp 2100 away from the 60's...

Gox 32,000 - but anything is possible (but probably not this week...)

No, really really nice Call.

Wow, this has been entertaining.

Great call Rampion, you smelled it...

750 buys just came through. But compared to that 7,000 sell, it doesn't phase me...
Sitting tight.

I really am surprised we are not bouncing there. Lots of buys lined up behind us, but none looking to move into the sell side...

All those people that have you on ignore are missing the occasional LOL Gem! eheehhe

 

The reason they didn't sell at 100 (say if it's not the NSA ;-) ) is because they thought we had support there (or a bit below).

And then there is always...

1 - Maybe they are trying to break through support and start a crash, but I don't think so.
2 - They see us heading lower and better sell while they can. I tend to believe that.

Nice Call 

Just the way we are not seeing buying coming in at this level, I would prefer to wait and see what happens. I hate to buy at the bottom of a red candle UNLESS the sell volume is high and being met with buys.
Now I'm looking for $68 (April 16th and 17th, as well as March 21st-24th).

I just get the feeling a big seller is waiting around the corner...

I'm pulling for you but it sounds like you have way more money than me, so I won't ever feel sorry for you! eheheheh

We are sitting on an area of "technical" support (April 15/16) - at least on Gox's chart - $82. I almost wonder if Bitstamp is going to lead the drop?

I thought we would show some strength at these levels but the LARGE sells keep coming every so often, especially on any move up.

What is happening is people with large amounts of shares don't want to get caught with their pants down (Not to be technical).
So, any movement up is an opportunity to unload. In a way, they (sellers) are playing off each other.
Who is first to the door.

Here we are sitting on "my" $82 "bounce" level and I just can't pull the trigger. Too risky. Those sell sizes are just too large and the way they are sold into walls too unpredictable.

Better to sit back and wait for "the" bottom - or near.

Well, I think he is saying how will they acquire the BTC. I imagine trade hill and other methods will suffice. But that will only work for a period of time. They can probably keep BTC volatile if need be but I'm sure we will adapt to that as well, we will have to. In a sense, the long term success of BTC depends on the failure of other currencies. By success I mean fully, not just as an online payment method but also a store of value. With the limited float as more and more people acquire it the price will just go higher and higher and the volatility, though it can remain, will shift to much much higher prices. Things like a moderate sized country or the like using it will just add to the strength. I'm sure we have a "fight" ahead of us though...

Yes and if people with $$$ come back into the market the jump up will be explosive. But my bet is it will be sold into...

Exactly, if it is a "floor" with no buys coming through then I am not impressed. It seems like just another silence before the storm.
But again, we are on levels where we could bounce violently. But I don't feel like gambling...

The question is, are those bid walls (or depth) real?
That is the hard thing. Looking at the depth I say "bullish" and then another sell of 500 goes through. I've wondered if it's the same people or parties...