RALLY!

[piramida]

LOL, and now they create a zillion 0.01 bids with 0.001 step. Are they trying to hide/distort order book or something. Weird indeed, never saw something like this on mtgox yet.

yes a noise filter on the order book is long overdue.

[GoWest]

Standby for launch in 3...2...

[Bigpiggy01]

[Tx2000]

We ain't going anywhere.  Going to stay relatively flat for the rest of the month.

[proudhon]

We ain't going anywhere.  Going to stay relatively flat for the rest of the month.

I'm confident that's not right.

[Nagle]

Mt. Gox, last 60 days.

A fairly clear pattern has emerged.  The general trend is a drop of about 25% per month. When there's a big drop, there's usually a rebound the next day, but it's always smaller than the drop. There haven't been more than two up days in a row in the last two months.

[Oldminer]

We ain't going anywhere.  Going to stay relatively flat for the rest of the month.

I'm confident that's not right.

Neither am I.

[Bitcoin Swami]

Mt. Gox, last 60 days.

A fairly clear pattern has emerged.  The general trend is a drop of about 25% per month. When there's a big drop, there's usually a rebound the next day, but it's always smaller than the drop. There haven't been more than two up days in a row in the last two months.

There's also never been a week without good news it seems like.  This might be the first week of good news in a while.  I'm predicting a run up next week starting monday or tuesday.

[proudhon]

Mt. Gox, last 60 days.

A fairly clear pattern has emerged.  The general trend is a drop of about 25% per month. When there's a big drop, there's usually a rebound the next day, but it's always smaller than the drop. There haven't been more than two up days in a row in the last two months.

Nagle, is there a reason to believe that the pattern that has emerged over the past two months is, in terms of making up one's mind about the next, say, year, more important than the patter that has emerged over the past year, including the past two months?

[Nagle]

Nagle, is there a reason to believe that the pattern that has emerged over the past two months is, in terms of making up one's mind about the next, say, year, more important than the patter that has emerged over the past year, including the past two months?

The pattern for the last year is an absolutely classic speculative bubble.

We're now in the bubble collapse phase. The real question is what the endgame looks like. That's hard to predict.

There's no organization behind Bitcoin, but there is infrastructure that has to be kept going. At some point, the miners and the exchanges, who have ongoing expenses, give it up. So there's a minimum level of activity needed to keep the thing going. It might be rather low, though.

[GoWest]

Here's another speculative bubble for you....



Oh wait, look at that, the old highs were obliterated and new highs are being made every day.  Any idea what chart this is?

[Bitcoin Swami]

Apple?

[GoWest]

Apple?

Close.  Amazon.  It was the face of the dotcom (classic) bubble, yet it recovered and took off to new highs.

[the joint]

well now there is a 12000 strong sell wall from people who bought in while the spike progressed I think the buyer(s) can have quite a feast there, but it would make sense for them to drive the price down a little to dissolve that wall.

That 12$ wall is probably built by the buyer, a psyop of sorts.

Haha, I just noticed what you wrote under your avatar.  It made me laugh.  Especially if you were screaming it like a very mad Russian as you were typing it.

[mjoz]

If we break thru the $12 wall the market above is fairly flat.  If the walls at $10.50, $11 and $12 vanish as soon as they start selling, things could get interesting

[myb87]

11 wall DOWN
up up and away

[bitcoinBull]

11 wall DOWN
up up and away

Nice little weekend rally for a change 

[S3052]

There is a very good chance for a rally based on the technical chart pattern. And the decline from the 31.9$ high does not look like a bubble, but rather as a normal correction in a healthy uptrend

[FlipPro]

HAHAHHAHA THIS IS GOING TO BE EPIC !!

[grod]

Well, I'm convinced enough to pull my sell orders.  We're overdue, let's have that rally!  Nothing but bulls and clear sailing ahead.  Make me feel smart about betting double or nothing.