wth is the market going to do this week

[notig]

this weekend seems predictable that with the low volume trades are mostly steady.

but what next?

There are large sell walls up to 140... large buy walls above 120.

After seeing the price get bought up last week from like 120 to 160 are people really going to rush to buy up 135 to 160 again this quickly?

i'm guessing the price this week will be somewhere between 95 at lowest and 155 highest. yay.

[mgio]

I think it will gradually go up or down but I don't expect any big changes this week. We'll probably end somewhere between 110 and 150.

[smoothie]

The market is going to EAT YOU ALIVE! MUAHAHAHAHA 

[BIGMERVE]

My guess is that it will either go up or down.

[Flappy]

My guess is that it will either go up or down.

Nah, sideways.

[UltimateReaper]

The market is doing whatever the fuck it wants this week.

[BitPirate]

__/

[ajk]

for you technical folk it looks like if we have more upward movement we will have a cross in the 50 and 200 exponential moving averages, which is an insanely huge bull sign, but ive always been bull since I got into bitcoin so im biased

[Logik]

Loop de loop

[notig]

i've mostly been a bull. that's my problem i don't know when to catch the dips :T

looks like today is a bank holiday in japan. I don't see the market going up today. Same or down.

this week will be interesting because friday

[Ares]

Thursday is the "grand opening" of the first bitcoin ATM.


Should help


Edit: Also I have a feeling Gox will add Litecoin this week. No real evidence to support that, but I have absorbed everything I can on the issue and for whatever reason that's my gut feeling. How much that would effect BTC price is anyone's guess

[Frozenlock]

Litecoin... *sigh*

[awakening]

When LTC enters in MtGox it should skyrocket.. no ? I have a few LTCs from some time ago in BTC-E maybe It's time to buy some more.

[Frozenlock]

When LTC enters in MtGox it should skyrocket.. no ? I have a few LTCs from some time ago in BTC-E maybe It's time to buy some more.

Maybe, maybe not.
The problem I see with Litecoin is that everyone is trying to hype it.

On /r/Litecoin it was all "Yayyyy MtGox! Price's gonna go up!"

Look at this:
https://www.youtube.com/watch?v=YOCKm4aEIXE

Price is gonna go up, because people will buy, because they think price will go up...

(Some bitcoiners have the same dubious thinking by the way.)

But I don't see the infrastructure for Litecoin.

Wordpress? No.
Reddit? No.
Bitpay? No.
Seal With Club? No.
Bitcoin Jesus? (Go Roger!) No.
blockchain.info? No.
Bitcoin ATM? No.
Bitcoinstore? No.
ListenToBitcoin? No.
LocalBitcoins? No.

And yet a Litecoin could be worth >4% of a Bitcoin?
I just don't see it.

[phatsphere]

Nobody drawing trendlines that will be touched soon by the sideways move?

[UltimateReaper]

When LTC enters in MtGox it should skyrocket.. no ? I have a few LTCs from some time ago in BTC-E maybe It's time to buy some more.

Maybe, maybe not.
The problem I see with Litecoin is that everyone is trying to hype it.

On /r/Litecoin it was all "Yayyyy MtGox! Price's gonna go up!"

Look at this:
https://www.youtube.com/watch?v=YOCKm4aEIXE

Price is gonna go up, because people will buy, because they think price will go up...

(Some bitcoiners have the same dubious thinking by the way.)

But I don't see the infrastructure for Litecoin.

Wordpress? No.
Reddit? No.
Bitpay? No.
Seal With Club? No.
Bitcoin Jesus? (Go Roger!) No.
blockchain.info? No.
Bitcoin ATM? No.
Bitcoinstore? No.
ListenToBitcoin? No.
LocalBitcoins? No.

And yet a Litecoin could be worth >4% of a Bitcoin?
I just don't see it.

I'm very tempted to buy some litecoins just in case. The initial hype once MtGox adopts them (whenever this happens) could double the value. I think of litecoins as nothing but a knock off but hey, who knows.

[Frozenlock]

I'm very tempted to buy some litecoins just in case. The initial hype once MtGox adopts them (whenever this happens) could double the value. I think of litecoins as nothing but a knock off but hey, who knows.

That's what I'm saying: everyone is buying because they think it can go up in value... just because.
You might get some really interesting profits with the MtGox thingy, but I wouldn't want to hold the bag too long after that...