We are about to see a beautiful dump.
Charts are right most of the time. They are not protected from a black swan event, but it is not likely. I said before, and I'll say it again:
brace yourself, 4000+ is coming.
You may find a dip here and there, but timing is a lottery.
sell orders decreasing, buys increasing. The charts look pretty nice for a strong run. Im guessing the market is anticipating an imminent release of M2, nothing else would explain this. Time to accumulate before we take off for good.
Bid vs Ask is
generally deceptive. Fake buy walls and fake sell walls that suddenly disappear are more common than not. I would
not pay too much attention to the order book. There were 600 BTC worth of buy orders, and suddenly it's over 1000... As if it grew
organically. Yeah, right...
Having said that, the charts are pointing up. The order books(that I don't usually trust at all) are pointing up too. My advice: don't go short =)