It's time for another big move up.
On the eve of the last move, we had a big market depth imbalance: 20k BTC to $3.1, 40k to $3. On the other hand, we had 20k BTC to $3.5, 40k to $3.75. The bid side was 20k for every 0.1 and the ask side was 20k for every 0.2.
Now, we have the bid side piling up again: 20k to $4, 40k to $3.8. On the other hand, the ask side has 20k to $4.6, 40k to $5. The same ratios are showing up.
Additionally, we've touched the trendline again, the moving averages are coming close, and the PSAR is getting close to the price (within $0.2). Strong support has caught up and we are poised for a big move, up or down, soon and I think it will go up.
The market would have gone up to $4.6 or $5 yesterday if Bitcoinica didn't run out of float. Since Bitcoinica doesn't have enough USD, the move up will be more gradual this time. However, we won't see $4.2 ever again so now is the time to BUY.