Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
I was pondering like, as you do, what the continuation of higher lows would look like and I concluded that the obvious next data point would be a bounce off $100. Hey presto, yesterday happened.
It looks a little early though thanks to the weak hands selling the news so I think we'll see a double bottom in the next couple of days. Every day we hold above $100 into May is a point for the bulls I believe:
Linear not log as usual bear in mind.
It looks a little early though thanks to the weak hands selling the news so I think we'll see a double bottom in the next couple of days. Every day we hold above $100 into May is a point for the bulls I believe:
Linear not log as usual bear in mind.
Completely agree with you. The fact that we did not went to double digits right after the Dwolla news spreaded is a super-bullish signal IMO. This is the type of news that FUD spreaders and trolls love - they will say that this is "the first of many government actions against Bitcoin", that BTC will be taken down and its users will be ass-raped in Guantanamo bay.... And STILL Bitcoin is trading above $110 ATM, and the $100 support was barely tested.
And look, money in the order book is going up, like nothing happened:
