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!
hey moron,
last time was preceded by massive inflows of money to gox. not happening now.
we go to $180, and no more. We level there until gox fixes its shit
i would strongly prefer us not going to more then $150 right now to be honest. Slow and steady. I'd like us to even just hang out at $130 for the next two weeks before heading to $150. I'd be happier with a reliable value rather then just a high value that's doomed to crash as fast as it peaked.