price action this week

[Vladimir]

Looking at gox market depth. It seems that so far for this week (or today maybe) the plan is to break heavy resistance around 73-75, then all the way to 99 with a quick pit stop at 89.

[yuvadm]

Either way, we're about to break to a new high in the next hour or so...

[samson]

Looking at gox market depth. It seems that so far for this week (or today maybe) the plan is to break heavy resistance around 73-75, then all the way to 99 with a quick pit stop at 89.

It looks that way, I predict big craziness if / when it rises into the $80's and again in the $90 to $100 range whenever that may be.

There's very little for sale in the $80's before $89 and the same in the $90's before $96-$97 which could result in panic buying as the price climbs far too rapidly.

If it gets too out of hand it will be followed by a sharp correction as short term traders take profits.

[BitPirate]

It certainly doesn't look like the $80s will be very memorable. Looks like we can cut through them like a hot knife through butter.

[ehoffman]

I think we'll see gradual increase as those funds are transferred to Mt. Gox.  Gox have thousands of accounts waiting for verification.  When this is done, people will gradually transfer funds, which will take 1~5 days (depending on funding method).  The medias will probably talk more about that this week too.  So, gradually over the course of this week and next week, I expect the prices to go up.  How far?  Well, only time can tell.  For sure those 5000+ new accounts are not there just for peekers, and we'll see actual trades, big trades...

[samson]

It certainly doesn't look like the $80s will be very memorable. Looks like we can cut through them like a hot knife through butter.

Yes, maybe the first time we go through the $80's anyway.

[b!z]

It certainly doesn't look like the $80s will be very memorable. Looks like we can cut through them like a hot knife through butter.

Yes, maybe the first time we go through the $80's anyway.

not maybe, but definitely

[AndyRossy]

Why cant we crash this week?

[b!z]

Why cant we crash this week?

Already "crashed" a few days ago.

[AndyRossy]

Why cant we crash this week?

Already "crashed" a few days ago.

Yeah, such a "crash".

[b!z]

Why cant we crash this week?

Already "crashed" a few days ago.

Yeah, such a "crash".

I almost sold all my coins, the price was almost heading towards single digits. It was a huge "crash".

[AndyRossy]

Why cant we crash this week?

Already "crashed" a few days ago.

Yeah, such a "crash".

I almost sold all my coins, the price was almost heading towards single digits. It was a huge "crash".

I wonder who that could benefit? I guess if i'd spent a couple months pumping the price up and had 250k of them, if i sell of 25k, and cause a few people to "panic", but not enough to crash the market, guess I can rebuy some more a little cheaper, and end up back at the same point, pumping the market up further.  Unless there's another cause of this "crash" this weekend.  Did the fork cause as much, a larger, or smaller dip?

[Vladimir]

meanwhile they are nibbling 73 wall, once it get thinner they will do a little stampede.