Ninjastic
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Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Its About Sharing
on 19/05/2013, 19:51:15 UTC
Quote from: lysr on May 19, 2013, 07:37:31 PM
Quote from: kickinyou on May 19, 2013, 07:16:24 PM
Quote from: lysr on May 19, 2013, 07:09:33 PM
Quote from: kickinyou on May 19, 2013, 06:36:57 PM
will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help Smiley
We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.


so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ?Tongue (learning Smiley )
We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  Wink