Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker
by
surya
on 11/04/2013, 09:41:41 UTC
Not seen this in the thread yet, some excellent analysis of the correction today...

http://www.247btc.com/bitcoins/117/postmortem-of-a-bitcoin-crash-2013-04-10-and-the-secret-story-revealed-by-volume/



Nice one! So the hope isn't lost and with the flood of new MtGox accounts we see 300 USD before the end of the month?

If the price touches $300 on MtGox before the end of the month, I'll give you one whole shiny bitcoin.  This time I'm certain I won't be giving any bitcoins away.  This move was decisive, the number of bitcoins to be sold is piling up as people hope to get out, and a substantial amount of money has probably left for good.  There's really only one way from here, and it's down.

Everyone, finally a signal that the dip is over, proudhon has spoken.


Thank you proudhon, now seems the perfect time to buy then, as you are the best contra-indicator.