Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
I'd say the $97 - $100 area is key. If we can rally above that then we have broken the lower high downtrend. But as of now and as long as we stay below around the $100 area (technically our last lower high was around $110) we are still in a downtrend.
My money is on downtrend.
Taking profit for now, as even if $95-100 is broken in this epic bull trap, I would expect a pullback.
I was hoping to see the bearest of bears join us to complete the trap, but alas.
(Blitz, why didn't you join us?)
