Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
There was likely going to be a big upward rally on the 25th, but the Libery Reserve incident killed it. I'm still not ruling out a large price movement in the short term.
and why do you think this/what is this based on?
If a market is bias upward, and the price breaks support without crashing significantly, then that means it's likely to rebound strongly.
Many bitcoin forecasters anticipated a large rally before the 25th, and what's pushed down can hold a lot of unspent momentum.
Anyway the market is quiet since a while, everbody is waiting for the slightest move to buy or sell.
With 1M wall on the bearish exit, if it holds there is no other choice but to be bullish
