Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Frozenlock
on 29/05/2013, 15:33:26 UTC
Except the $136 to $124 drop...

136 to 124 = done by one person wich do not representative at all

low volume started around may 7th and we were at 110, we're actually at 129 wich is not for me a "down"

but you can hope for an other big sell if your trading management is based on hope it doesn't bother me.

EDIT: i'm not telling everyone it's going up or down im just telling that taking a position right now is rly risky business to me

You can hope for another rally, it doesn't bother me.

Just as a heads up, we started going down (after $136) before the huge wall appeared.

In addition, if the market was sure of its direction, 7k BTC would not have dropped the price more than $10, like it did.