Lets start rally!

[bitcoinTrader]

Are we in the midst of an "actual" rally?

[NamelessOne]

It would certainly seem so given the rising price and good technical analyst reports.

[Grinder]

It's just cute when going back to $6 is called a rally. More like a slight recovery that will last until the optimists run out of money again.

[Cluster2k]

It's just cute when going back to $6 is called a rally. More like a slight recovery that will last until the optimists run out of money again.

At that time they will plot the 'rally' on a log graph and state it's still happening 

[Technomage]

It's a real rally. But there will be more corrections on the way up this time, because people will be more cautious in general. Prepare for a bumpy ride.

[bitcoinTrader]

It's a real rally. But there will be more corrections on the way up this time, because people will be more cautious in general. Prepare for a bumpy ride.

Today's high of 6.26 broken.
High:6.46 High:6.70299

[Cluster2k]

It's a real rally. But there will be more corrections on the way up this time, because people will be more cautious in general. Prepare for a bumpy ride.

Bumpy ride is true alright.  Price is gyrating between $6.20 and $6.70 right now.  Most of my Asks have been executed so now it's time for the rally to tank and execute my new Bids.  Rinse, repeat 

[speeder]

Common, the bull is jumping around the arena, hold your place in its back, and ride along!



YEEEHAAAAAAAA!

[Minsc]

What's the Sobi conference?

[Jixtreme]

At that time they will plot the 'rally' on a log graph and state it's still happening 

Log-scale graphs make rallys look smaller....... 

Proof that log-chart endorsers have no mathematical aptitude.

[bitcoinTrader]

Come on people!
Remove your asks.

[Bigpiggy01]

Come on people!
Remove your asks.

NO PLZ don't atm they just mean cheap coinz for the rest of us 

[ineededausername]

The asks may mostly be fake, but no one denies that they have an effect on the price... and mtgoxlive is showing $100k needed to get where we were JUST A DAY AGO ($6.

[Technomage]

I wouldn't worry about the number, $100k is actually not much. When it's over $200k in the visible range @ Mt. Gox Live, then I consider it something.

Bitcoin currency trade is big enough that there are many players involved who could buy the entire $100k worth or a significant portion of it. That's not the issue. The issue is that they're trying to buy coins as cheap as possible to profit as much as they can, and they won't commit to a significant buy until there are signs of a rally.

So just wait, when the rally comes again I'm quite confident that $100k worth of coins and much more will be eaten.

Right now there are only $44000 worth of coins standing between the current price of $5.3 and $6. The big wall comes at $7, which I consider mostly a signal of resistance, not a real wall. But we'll see.