@S3052
Do you consider the small surge today to still be consistent with your short-term forecast of a break downwards? Or would you say the less likely scenario is taking place? Or is it too early to say?
Do you consider the small surge today to still be consistent with your short-term forecast of a break downwards? Or would you say the less likely scenario is taking place? Or is it too early to say?
I still think it looks like it will break downwards. Look at the market depth, (http://bitcoincharts.com/markets/mtgoxUSD_depth.html), there is not much resistance down to about 2.8, and there is a lot more asks than bids. Looks like downward pressure to me.
Of course, I don't know what I'm talking about, and even if I did, a single big buyer (or seller) could cause a huge break either way.
. $48557.71 worth the asks to $4 vs. $51948.89 worth the bids to $2.5 (mtgox isn't showing show any lower bids). Of course, who know what the dark pools look like? 