If the bot pattern that I think may be happening is actually happening, we are going to briefly drop to around 1010-1020 in the next 7 hours.
Just a side note... Gox is the only place I have traded where I lost coins having sold higher than I bought them. Ponder that.
Ya. Just spent some fiat. We'll see.
My $1010 prediction was perfect.
Hats off man, now i gotta give credit to this algo trader theory.There is some higher power above controlling the coin
thanks. Someone is able to manipulate because of the low volume. I'm sort of trying to decide how much of the current price is market supported. This whole $1250 high could have been the result of manipulation on Gox and BTCChina, despite what everyone wants to think about Chinese and such. Not saying it is for sure...
I must have missed Larry King Live, what's the grand prediction here? I believe that this most recent sell off is simply an expectation that more Chinese investors would dump in the morning .. so all the European night owls and Americans start dumping as the Chinese awaken ..
So, last week I pointed out the algo pattern that continued for about a week or so. I then today realized there was a new algo pattern and based on that pattern made a prediction of how the price chart would proceed on Gox with the exact low and time-frame. The China news was coincidental, the sell-off was coming anyway as a result of the bot. The manipulator is playing with at least
BTC1000 or more.
