As for the current price slide, I think you can see easily still how out of whack the order book and market depth are. There doesn't seem to be any real support until $10.25 or lower. So my guess is that we'll continue to see the price slide as miners continue to fill the current buy orders at ASK, while the 'investors' keep up their buy walls oping to turn a profit.
I was also looking at the support all the way down to $10.25. All this shows is that market minipulation is in place and the manipulators are trying to keep the price from falling into the $10's, by mostly consolidating their bid wall at $11.00.
They are at their last strength here and have mostly given up, if we break their last defensive stand at $11, they will probably give in and not want to continue taking losses trying to shore up a market with mostly sellers and miners who just want to get return on their investment back.
I love watching the market minipulators take a pounding, they probably have lost tens of thousands of dollars trying to shore up the price of bitcoin.
You guys had your chances to get out when the price was much higher, continued investment in such a losing commodity was just plain stupid. HOw could you expect enough buyers out there to keep pace with all the new coins being mined and entered into the system.
