Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Coinseeker
on 27/08/2013, 14:30:12 UTC
That's why TA is more or less useless. Market volume and liquidity is not nearly large enough to make it meaningful.
Bingo.

I disagree.  If you had (and if you still do) look at just the money flow index, you'll see that the last time we were this close to being overbought in the last 6 months, was the rise to 260.  This rise was and is easily predicted through TA.  In fact, this rise could actually surpass the BTC all time high but we'll see.  My guess, is we're in for some massive gains over the coming days.  200 is going to get run through like nothing.

Congrats Bulls!